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Showing 131 - 140 of 281 results for "FSI"

FSC advice regulation plan leaves AMP cold

LAURA MILLAN | THURSDAY, 25 SEP 2014

... members and independent licensees," he said. However, today an FSC spokesperson said that the FSC's Financial System Inquiry (FSI) submission presenting the initiative had the sign off of the organisation's Advice Board Committee, which includes a representative ...

Hockey accuses Labor of making "a mess" of FoFA

LAURA MILLAN | THURSDAY, 25 SEP 2014

... asked the government to postpone again the vote on the changes to the FoFA legislation until the Financial System Inquiry (FSI) releases its conclusions.

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN | WEDNESDAY, 24 SEP 2014

... the wheel." As reported by Financial Standard earlier this month the FSC, in its submission to the Financial System Inquiry (FSI), asked the government to set up a new body, the Advice Competency Standards Board (ACSB), to oversee the development of ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN | TUESDAY, 23 SEP 2014

... postpone again the vote on the changes to the Future of Financial Advice (FoFA) legislation until the Financial System Inquiry (FSI) releases its conclusions. "Labor Senators urge the government to withdraw these amendments and work to bridge the widening ...

Expect more regulation on 'too-big-to-fail': Hockey

LAURA MILLAN | MONDAY, 22 SEP 2014

... increase consistency in banks' application of the strengthened Basel III rules on capital." The Financial System Inquiry (FSI) is also seeking consultation on this issue and suggested in its interim report that perceptions that some institutions are ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN | MONDAY, 22 SEP 2014

Advisers are being prevented from using sophisticated online tools to provide tailored information to their clients due to tight regulation, and instead can only use simple tools, Minter Ellison said. "While [the Australian Securities and Investments ...

SMSF borrowers should be forced to seek advice: AFA

LAURA MILLAN | THURSDAY, 18 SEP 2014

... seek financial advice, the Association of Financial Advisers (AFA) said. In its submission to the Financial System Inquiry (FSI), the organisation said it was supportive of the trustees' ability to borrow within the fund, but raised concerns over "mounting ...

Throw out relative performance tables: Finsia

MARK SMITH | THURSDAY, 11 SEP 2014

... put forward by the Financial Services Institute of Australasia (Finsia) in its submission to the Financial System Inquiry (FSI). The industry body said the focus of the superannuation industry should be on the wealth outcomes of individuals over the ...

Ai Group defends super in awards

JAMES FERNYHOUGH | WEDNESDAY, 10 SEP 2014

... superannuation default funds to remain within the modern awards system. In its second-round submission to the Financial System Inquiry (FSI) the employer group, which represents more than 6000 businesses and appoints employer representatives to the board ...

Instos offer advice at a loss to drive product sales: EY

LAURA MILLAN | TUESDAY, 9 SEP 2014

... loss to lead clients into product sales, Ernst & Young (EY) have said in their submission to the Financial System Inquiry (FSI). EY argued that decades old industry approaches "have devalued advice by offering it as a loss leader into a product sale." ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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