Stephen Jones

Financial planning

Labor Govt would abandon uni requirement for advisers with 10 years

If elected, a Labor government would assume that a decade of experience was worth at least a degree and would scrap the degree requirement for those advisers....

Financial planning

Ignoring advisers’ prior learning an ‘immense waste’: Opposition

Failure to recognise advisers’ prior learning is a waste of resources, according to Labor’s Stephen Jones. ...

Superannuation

Govt passes spousal super reform

The legislation will improve visibility of superannuation assets in family law proceedings, allowing the Australian Taxation Office to release super information in family...

Financial planning

Labor backs two-year review for Better Advice

The opposition has backed the recommended two-year review of the bill as it can’t be “set and forget” and the Government’s management of standards reform has been a “trai...

Policy & Regulation

CSLR inadequate: Federal opposition

The opposition says capping compensation at $150,000 instead of the $550,000 proposed by the Royal Commission is a mistake....

Life/Risk

Labor ready to listen on life/risk commissions

The Federal Opposition says it is willing to listen and be convinced about life insurance and commissions....

Life/Risk

Life advisers must prove need for commissions

In a similar way to mortgage brokers, life/risk advisers are going to have to make their case if they want to retain commission-based remuneration structures....

Policy & Regulation

ASIC warned on unnecessarily delivering regulatory complexity

A senior Federal Opposition frontbencher has fired a shot over the bows of the Australian Securities and Investments Commission warning that well-intentioned legislation ...

Financial planning

Frydenberg urged to make decision over ASIC chair

Treasurer Josh Frydenberg has been criticised for ‘stalling’ over the tenure of the Australian Securities and Investments Commission chair James Shipton following an expe...

Financial planning

FASEA was 'built wrong' says ALP

The Financial Adviser Standards and Ethics Authority was built wrong from the outset, has been under-resourced and suffered from bad leadership, according to the Federal ...

Financial planning

Advice industry needs to prove it is not conflicted: ALP

The Australian Labor Party has signalled its continuing suspicion of commission-based remuneration with Shadow Assistant Treasurer, Stephen Jones saying the advice indust...

Policy & Regulation

Hume calls for FASEA extension to return to business

Senator Jane Hume has called on the Labor Party to enable the FASEA extension to return to business after a ruling yesterday on listed investment companies. ...

Policy & Regulation

First real estate agents, now a Liberal Senator

NSW Liberal Senator and former Financial Services Council policy executive, Andrew Bragg has denied a letter he wrote to constituents on early release superannuation is t...

Financial planning

Opposition: FASEA a ‘monumental mishandling’

The Shadow Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones, has slammed the Financial Adviser Standards and Ethics Authority along with the ...

Financial planning

VOFF accuses Labor of “politicising a crime” in Trio fraud

Aussie politicians make “politicised and dishonest decisions about ‘fraud’” despite having no law enforcement of forensic investigation skills, Victims of Financial Fraud...