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Showing 121 - 130 of 422 results for %22Financial System Inquiry%22

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... provide income in retirement to substitute or supplement the Age Pension - a view synonymous with the Financial System Inquiry recommendation. The government will tax the earnings of Transition to Retirement Income Streams in a bid to reduce the incentive ...

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
... legal environments. In its recommendation APRA points to a similar mechanism that was developed from the Financial System Inquiry Final Report and although not finalised or implemented, it was accepted by the government.

Narev defends CommInsure record, wrote to five customers

ALEX BURKE  |  THURSDAY, 28 APR 2016
... affected customers recently. Referencing CBA's submission to the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, Narev said in the letter that "some of the criticism of the industry, and our life insurance business CommInsure ...

Banking inquiry cost better spent on ASIC: AFA

KERRIE SYDEE  |  FRIDAY, 15 APR 2016
... already have in place." "We have the most stringent financial advice rules in the world, we have a very robust financial system. It's not perfect, but let's spend the money making sure that we're using the rules that are in place. It's not the rules ...

Royal Commission won't hit banks where it hurts

ALEX BURKE  |  FRIDAY, 15 APR 2016
... institutions is to implement pro-competitive reforms that "level the playing field" for smaller banks. "The Financial System Inquiry issued a pro-competitive blueprint in 2014 but there is a lack of urgency about implementing the reforms," Degotardi ...

Pre-retirees understand super's objective

DARREN SNYDER  |  WEDNESDAY, 13 APR 2016
... their super savings will last or be adequate for retirement. The federal government has accepted the Financial System Inquiry's recommendation that the objective of superannuation is to provide income in retirement to substitute or supplement the Age ...

Super's objective needs to get personal

DARREN SNYDER  |  TUESDAY, 12 APR 2016
An association for corporate superannuation advisory businesses has labeled the Financial System Inquiry's definition of super's objective as impersonal and believes it should be more meaningful to working Australians. Workplace Super Specialists Australia ...

Federal Government told to stop 'tinkering' with superannuation

KERRIE SYDEE  |  THURSDAY, 7 APR 2016
... purpose of superannuation. "Defining super and enshrining it in law was an important recommendation of the Financial System Inquiry and will serve as a yardstick against which all future decisions impacting on our retirement system can be measured" ...

We can do better for women in retirement: Senator

DARREN SNYDER  |  FRIDAY, 18 MAR 2016
... of superannuation tax concessions from government flow to men than to women, despite women clearly needing the most financial support. "Labor has committed to curbing some of these excesses by tackling the generous tax concessions that flow to, mostly ...

PC releases Efficiency and Competition Review issues paper

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
... commissioned by Treasurer Scott Morrison earlier this year as part of the government's response to the Financial System Inquiry. In the paper, the PC has outlined that its main concerns with the superannuation system are not so much flawed processes ...