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Showing 131 - 140 of 275 results for "Financial System Inquiry"

FSC supports longer threshold for unclaimed life insurance

ALEX BURKE  |  THURSDAY, 19 MAR 2015
... Loane said that the decision to change the threshold back to seven years was "backed by David Murray's Financial System Inquiry which found this would halve the number of claims." She added, "Under the three year rule there was no nexus between re-uniting ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
... will be a broad based tax review - the Tax White Paper, a government policy response to David Murray's Financial System Inquiry, reforms to lift financial adviser competency standards, completion of Mark Johnson's exporting of funds management recommendations ...

Super funds turning to passive to tackle high fees

MARK SMITH  |  MONDAY, 9 MAR 2015
... managed by a representative basket of retail funds has risen from 24.0% in 2011 to 46.6% in 2013. The Financial System Inquiry has put the spotlight on superannuation fees in recent months, questioning why costs are high next to global peers. "If performance ...

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 ...

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
... 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 address this."

Industry insurance report to focus on advice remuneration model

LAURA MILLAN  |  FRIDAY, 30 JAN 2015
... remuneration 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 ...

Asset owners throwing money away in hidden fees

MARK SMITH  |  THURSDAY, 29 JAN 2015
... Shaw, believes local institutions would especially benefit from this kind of cost pattern analysis. "The Financial System Inquiry put the focus squarely on cost in both its interim and final reports. Chairman David Murray and his committee said that ...

What if SMSFs flocked to global equities in 2015?

LAURA MILLAN  |  WEDNESDAY, 21 JAN 2015
... of Selfie demand may even undermine the banks efforts to re-capitalise their balance sheets post the Financial System Inquiry." But according to Credit Suisse, a more realistic environment would be SMSFs benefitting from stronger inflows following the ...

FPA sets sights on lifting professional standards

MARK SMITH  |  FRIDAY, 16 JAN 2015
... rightly on education and professional standards. The FPA welcomes this and we are pleased to see that the Financial System Inquiry, Senate Inquiry into the Performance of ASIC and most recently the PJC Inquiry have widely supported the measures we called ...

AIST and Mercer launch new super tracker

STAFF WRITER  |  FRIDAY, 9 JAN 2015
... recent inquiries into superannuation reiterate the need for evidence based evaluation. "We've had the Financial System Inquiry Final Report, now we're waiting for the review of the Tax System - it's a crucial time to be making evidence-based decisions ...