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Showing 91 - 100 of 281 results for "FSI"

Degrees don't ensure good financial advice

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
The FSI recommendation for advisers to hold a "relevant tertiary degree" in order to raise minimum competency standards will not ensure good advice and may drive established advisers out of the system, according to Australian Institute of Company Directors ...

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

LAURA MILLAN  |  WEDNESDAY, 25 MAR 2015
... with ASIC don't see much of a problem" with penalties. "But we've got a different opinion on this," he said, referring to the FSI committee. "There isn't a serious problem with the Wallis architecture. The issue is whether the agencies themselves are ...

Actuaries Institute demands long term policy focus

ALEX BURKE  |  MONDAY, 23 MAR 2015
The Actuaries Institute recommended increased policy focus on retirement income in its final FSI submission. The submission emphasised the issue of existing regulatory barriers to improving Australia's retirement income system, arguing that a legislative ...

APRA shakes up executive team, addresses super conflicts

ALEX BURKE  |  FRIDAY, 20 MAR 2015
... Representatives Standing Committee on Economics, outlining APRA's current objectives. He discussed lending standards for housing, FSI recommendations, private health insurance and conflicts of interest in superannuation. On the final point, Byres noted ...

IGR proves current welfare level is unsustainable: FSC

LAURA MILLAN  |  FRIDAY, 6 MAR 2015
... "With Australia's annuity market representing 0.3% of GDP, compared with more than 15% in the United States according to the FSI report, we've clearly got some catching up to do in providing longevity risk protection to super fund members."

Borrowing magnifies risk: David Murray

ALEX BURKE  |  MONDAY, 2 MAR 2015
FSI chair and former CBA chief executive David Murray clarified his position on borrowing in super at the Switzer Leadership Lunch in Sydney. Arguing that the media had misrepresented his views, Murray explained that the FSI recommended that superannuation ...

FSI proposal to ban LRBAs "draconian"

LAURA MILLAN  |  THURSDAY, 12 FEB 2015
The Financial System Inquiry (FSI)'s recommendation to ban limited recourse borrowing arrangements (LRBAs) is "a draconian move that we need to reflect on," the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said. "LRBAs ...

When Japan is blah, the Eurozone is ugh and China is wow

MICHELLE BALTAZAR  |  TUESDAY, 3 FEB 2015
The global economy will be better this year than last, but troubles in the Eurozone and the waning power of Abenomics mean investors will find better odds in the US and China, chief economists said at a Financial Standard forum last week. The videos ...

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
... indemnity (PI) insurance as a compensation mechanism. "PI Insurance is just not effective," the FOS said, and noted that "the FSI [Financial System Inquiry] interim report identified a clear gap in this area of consumer loss and sought views on how to ...

Industry insurance report to focus on advice remuneration model

LAURA MILLAN  |  FRIDAY, 30 JAN 2015
... structures. The report is expected to be completed before March 31, when submissions for the final Financial System Inquiry (FSI) report are due, AFA chief executive Brad Fox told Financial Standard. Submissions are due today for the preliminary report ...