parliamentary committee

Policy & Regulation

ASIC points to four-year delay on OTC derivatives

The Australian Securities and Investments Commission has told a Parliamentary Committee it will be four years and $19 million later before it is equipped to monitor whole...

Financial planning

TAL insists profit sharing rebates go back to fund members

Big insurer TAL has insisted to a Parliamentary Committee that profit-sharing rebates paid to super funds are always used to benefit members and it has the right to audi...

Financial planning

Getting on an APL costs $150 to $200 per adviser

A major insurer has revealed that support products on an approved product list can cost between $150 to $200 per adviser in ‘educational support payments’....

Policy & Regulation

More doubt thrown on reality of churn

Evidence provided to a Parliamentary Joint Committee has thrown further doubt on the existence of life/risk churn as a major problem....

Financial planning

Banks urge caution on naming and shaming

Three of the four major banks have urged the Parliament to be careful in moving to name and shame those responsible for breaches in the banking and financial services ind...

Policy & Regulation

Super funds insurance arrangements questioned

A Parliamentary Committee has questioned why superannuation funds are not required to be as transparent as financial planners on income received from insurance companies....

Policy & Regulation

Parliamentary committee recommends tough action on miscreant planners

A Parliamentary Committee is recommending tough action by ASIC in naming miscreant licensees and planners and requiring contact with affected clients....