Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 991 - 1000 of 1635 results for "Recommended"

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... distribution channels and payment systems (e.g.Centrelink or Australia Post) directly to consumers," it said. CEPAR also recommended that the government support the private annuity and longevity insurance markets by issuing more long duration longevity ...

ISA gives evidence to PC on inverted bid model

JAMES FERNYHOUGH  |  WEDNESDAY, 9 APR 2014
... return (IRR) in the event that the infrastructure project did not deliver as expected. In its latest submission, ISA recommended that "the Commonwealth Government, in consultation with State Governments, develop guidelines for the inverted bid model ...

ASIC should regulate SMSFs as a financial product: PwC

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
PricewaterhouseCoopers (PwC) has recommended that individual self-managed super funds (SMSF) should be treated as a financial product regulated by the Australian Securities and Investments Commission (ASIC). In a submission to the Financial System Inquiry ...

FPA calls for clear separation of general and personal advice

LAURA MILLAN  |  FRIDAY, 4 APR 2014
... field such as the introduction of different payment options or tax deductions for advice paid up front. The FPA also recommended the government to "follow Cooper's recommendation and undertake a formal review of the decision to allow SMSFs to gear up ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
... bank noted that the overlap has become more pronounced after the implementation of the Stronger Super reforms and recommended "better co-ordination and clarification of the roles of the existing regulators." CBA also asked for up-front paid financial ...

Cbus first industry fund to get Lonsec rating

MARK SMITH  |  MONDAY, 31 MAR 2014
Cbus Super has received a 'Recommended' rating from retail ratings house Lonsec, a first for an industry superannuation fund. Lonsec has assigned the rating to all Cbus investment options including the Cbus default option -- Cbus Growth (Cbus MySuper) ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... The employee must have not provided personal advice to retail clients in the last 12 months, and financial product recommended must be issued or sold by the licensee. The Australian Securities and Investments Commission (ASIC) will monitor the use of ...

PC calls for overhaul of public infrastructure

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
The Productivity Commission (PC) has recommended a "comprehensive overhaul" of Australia's public infrastructure following the release a draft report on the topic. The report, which runs for nearly 600 pages, covers issues such as funding new projects ...

FEATURE: Insuring against longevity risk

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
... comfortable retirement, as it was largely designed for people who were living to their 70s, not their 90s. It has recommended two broad solutions to this. One is increasing the superannuation guarantee to at least 12% (a process that has already begun ...

FOS model outdated, in need of major change

LAURA MILLAN  |  WEDNESDAY, 12 MAR 2014
... added that only making incremental improvements would not "put FOS on a sustainable footing into the future." CRN recommended that the organisation move to "smaller, vertically integrated and more flexible teams." It said that the FOS had enough resources ...