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Showing 31 - 40 of 275 results for "FSI"

Royal Commission won't hit banks where it hurts

ALEX BURKE  |  FRIDAY, 15 APR 2016
... about implementing the reforms," Degotardi explained. Degotardi's comments refer specifically to the recommendations in the FSI pertaining to "inappropriate regulatory barriers" to foreign and domestic entrants into the banking sector. The report specifically ...

Super's objective needs to get personal

DARREN SNYDER  |  TUESDAY, 12 APR 2016
... standard of living in retirement similar to what they had during their working lives." This would be an alternative to the FSI definition for super to "provide income in retirement to substitute or supplement the Age Pension." WSSA chief executive Douglas ...

FSC salutes choice reforms, ISA calls for more transparency

ALEX BURKE  |  FRIDAY, 18 MAR 2016
... 2016, which will allow APRA-approved MySuper funds to enter the default super sector. "The legislation is consistent with the FSI recommendation that individuals be allowed to choose their own superannuation fund," she said. "The Government should be ...

FICAP marks 10th anniversary with record fundraising

MICHELLE BALTAZAR  |  THURSDAY, 17 MAR 2016
The Financial Industry Community Aid Program (FICAP) celebrated its tenth year milestone last week by raising more than $200,000 at its annual 'Who Wants to be a RockStar?' fundraising night. More than 700 professionals from the financial services industry ...

PC releases Efficiency and Competition Review issues paper

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
... no intention of abandoning MySuper, a reform that has already led to fee reductions and improved scale notwithstanding the FSI believes fee drops have not been as large as expected. "MySuper has been a strong step in the right direction but more needs ...

Industry reacts to super objective

ALEX BURKE  |  THURSDAY, 10 MAR 2016
... Andrea Slattery said she had been a "strong advocate of this important policy initiative, having argued its importance to the FSI and then endorsing the FSI's recommendation to enshrine the primary objective, with a focus on the provision of retirement ...

Actuaries Institute asks for FSI to be implemented

MARK SMITH  |  MONDAY, 15 FEB 2016
... stream products in its pre-Budget submission. The institute restated the proposals it made to the Financial System Inquiry (FSI) which were, in turn, reinforced in the FSI's final report but are yet to be implemented by the government. These included ...

UniSuper develops retirement product

LAURA MILLAN  |  THURSDAY, 10 DEC 2015
... during the accumulation phase. The development of the option follows the Government's response to the Financial System Inquiry (FSI), which was supportive of the recommendation calling on the superannuation industry to develop CIPRs to improve outcomes ...

ME and mutuals must embrace fintech

DARREN SNYDER  |  MONDAY, 9 NOV 2015
... benefitting mutuals including: a more competitive position due to the impact of changes from the Financial System Inquiry (FSI); constraints on lending growth across the banking sector requiring consumers and investors to look at alternatives; investment ...

SMSFs welcome no dumping of LRBAs

DARREN SNYDER  |  SUNDAY, 8 NOV 2015
... advantage of future retirement income developments. Yesterday the government said it will support the Financial System Inquiry (FSI) recommendation that calls for super trustees to select Comprehensive Income Products for Retirement (CIPRs). SISFA's ...