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

Search Results

Showing 111 - 120 of 275 results for "FSI"

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... increased powers to safeguard consumers were central recommendations in the final report of the Financial System Inquiry (FSI) that was handed down today. The inquiry headed up by former Commonwealth Bank chief executive David Murray recommended that ...

Murray calls for ASIC to have more money and power

MARK SMITH  |  SUNDAY, 7 DEC 2014
... to do its job. Those were the recommendations laid out by David Murray in his final report to the Financial System Inquiry (FSI). "Regulators' funding arrangements and enforcement tools have some significant weaknesses, particularly in the case of ASIC," ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is tailored to their needs," the ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... Everything is political and especially so with the super-charged high stakes poker game on display in the Financial System Inquiry (FSI) where the battle lines were quickly drawn between financial product providers versus consumers. And after listening ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

Follow our coverage of the FSI final report on Sunday

ALICE URIBE  |  FRIDAY, 5 DEC 2014
... superannuation and investment management industries for years to come, is expected to be released by Treasurer Joe Hockey and FSI chair David Murray at 10.30am on Sunday morning. We'll digest the report and give you the reaction of senior industry figures ...

Murray takes aim at industry culture

JAMES FERNYHOUGH  |  TUESDAY, 25 NOV 2014
... systems, which affect people who do have views about things." The only time Murray referred to the Financial System Inquiry (FSI) was in relation to the culture of financial institutions. Murray is expected to deliver the FSI final report to the government ...

Further raise pension age, says Future Leaders winner

JAMES FERNYHOUGH  |  TUESDAY, 25 NOV 2014
... presentations on one of four hot topics: MySuper and competition; the Asia region funds passport; the Financial System Inquiry (FSI); and the regulation of the financial services industry. Flegg chose to present on the FSI, and focused on the problem ...

Government says no to CBA Royal Commission

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
... role, objectives and funding of ASIC would be considered as part of its broader response to the Financial System Inquiry (FSI).