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Showing 101 - 110 of 275 results for "FSI"

Vertical integration not important anymore: Murray

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
... financial product manufacturers and distributors work with the consumers' best interest in mind, Financial System Inquiry (FSI) chairman David Murray said. "The same obligations are on everybody, whether they're vertically integrated or not," Murray ...

Government Cyber Security Strategy already out of date

MARK SMITH  |  TUESDAY, 9 DEC 2014
Financial System Inquiry (FSI) chair David Murray has called for government and other financial system stakeholders to tighten processes to counter the growing threat of cyber-crime. Recommendation 38 in the final report of the FSI said the government's ...

FSI calls for tax relief to switch out of legacy products

MARK SMITH  |  TUESDAY, 9 DEC 2014
... never finalised. "The Inquiry sees benefit in such a mechanism for product rationalisation that treats consumers fairly," the FSI's final report said. "Given the cost of implementing the mechanism, the Inquiry considers it should initially be limited ...

FSI report favours longevity pooling

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... take a lump sum. The report expected low-balance members to continue to opt for lump sum payments. Speaking today in Sydney, FSI chair David Murray said the emphasis on longevity risk protection would provide more reliable income for longer. "The trade-off ...

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
The SMSF Professionals Association of Australia (SPAA) has rejected the Financial System Inquiry's (FSI) recommendation that the government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation ...

SPECIAL REPORT: Financial System Inquiry

ALICE URIBE  |  MONDAY, 8 DEC 2014
... planning, superannuation and investment management industries for years to come, was delivered by Treasurer Joe Hockey and FSI chair David Murray at 10.30am on Sunday morning. Released in July, the interim report was one of the major talking points this ...

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... "bipartisan consensus on the objectives of the superannuation system," following the release of the Financial System Inquiry (FSI) final report. Bowen said that Labor welcomes the release of the report, but noted that "it is important that key matters ...

Inquiry asks for greater simple bond red tape reduction

MARK SMITH  |  MONDAY, 8 DEC 2014
... and regulatory constraints that have limited the development of the domestic bond market but the Financial System Inquiry (FSI) found that it does not go far enough. "Although the new 'simple' corporate bonds legislation reduces the cost of disclosure ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
... ways to facilitate development of the impact investment market and encourage innovation in funding social service delivery. FSI chair David Murray also called for guidance to be provided to superannuation trustees on the appropriateness of impact investment. ...

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
David Murray has recommended that the MySuper system be replaced by a default fund auction process similar to the Chilean model if fees do not come down considerably by 2020. The Financial System Inquiry final report has argued that superannuation fees ...