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Showing 121 - 130 of 274 results for "Financial System Inquiry"

Advisers Register hits 22k

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... He added there are key reforms ASIC would like to see in the future which have been recommended by the Financial System Inquiry, including giving ASIC greater powers to ban bad managers and executives. "We recognise it's not just the frontline advisers ...

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
In its final Financial System Inquiry (FSI) submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles ...

FOS decries unpaid compensation

DARREN SNYDER  |  TUESDAY, 14 APR 2015
... improvements in Australia's financial system. The call comes as part of the service's submission to the Financial System Inquiry Final Report which is aiming to map a blueprint for the sector over the next decade. "As previously raised in our submissions ...

Digital currency continues to be monitored: RBA

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... mediums of exchange such as digital currencies, consistent with the observations of the final report of the Financial System Inquiry." The RBA noted digital currencies have the potential to raise more immediate concerns over issues relating to taxation ...

Regional banks call for FSI reforms without delay

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... Australia's four leading regional banks raised three key issues in their submission to the federal government's Financial System Inquiry Final Report recently. Regional banks including Suncorp Bank, ME Bank, Bank of Queensland and Bendigo and Adelaide ...

FSI must lift value in super system: AVCAL

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... incomes. The call comes as one of four key issues raised by AVCAL in its submission to the government's Financial System Inquiry Final Report due last month. AVCAL recommends "disclosure settings for superannuation funds should be designed to encourage ...

FSI submissions close

DARREN SNYDER  |  TUESDAY, 31 MAR 2015
Public submissions on the federal government's Financial System Inquiry Final Report close today. Provided about four months to comment, it is expected all financial service sectors will contribute their thoughts on the government's 44 recommendations ...

Competition for annuities likely to remain low

LAURA MILLAN  |  FRIDAY, 27 MAR 2015
... life insurers, "are not in a position to compete in the near term." The report said that following the Financial System Inquiry (FSI) recommendations, "the banks currently have capital constraints and have recently experienced losses and low returns ...

ASIC penalties 'like being hit with a lettuce leaf': Murray

LAURA MILLAN  |  WEDNESDAY, 25 MAR 2015
... Securities and Investment Commissions (ASIC) are so weak that they are like being hit with a lettuce leaf, Financial System Inquiry chair David Murray said. Speaking at a panel session at the ASIC summit, only two seats away from ASIC chairman Greg Medcraft ...

FSC supports longer threshold for unclaimed life insurance

ALEX BURKE  |  THURSDAY, 19 MAR 2015
... Loane said that the decision to change the threshold back to seven years was "backed by David Murray's Financial System Inquiry which found this would halve the number of claims." She added, "Under the three year rule there was no nexus between re-uniting ...