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

Search Results

Showing 141 - 150 of 281 results for "FSI"

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... offering into retirement, and should include annuities in that offering, Challenger has told the Financial System Inquiry (FSI). In its second submission to the FSI, Challenger argued that disengagement and "behavioural biases" mean a default retirement ...

FOS demands licensee-funded consumer protection scheme

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... when awarded compensation, the Financial Ombudsman Service (FOS) asked in its submission to the Financial System Inquiry (FSI). The proposal was made in light of the 105 FOS determinations made in favour of consumers that remain unpaid. The total amount ...

Super fees drop as fund war rolls on

LAURA MILLAN  |  MONDAY, 8 SEP 2014
Superannuation fees have been at the centre of public debate since David Murray's Financial System Inquiry (FSI) flagged that there is little fee-based competition and that "fees appear high by international standards." But the Rainmaker 2014 Super ...

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
... planner', 'financial adviser', and 'financial advice' become enshrined in the Corporations Act. "It is therefore important for the FSI Final Report to consider whether the ongoing connection between financial products and financial advice in the legislative ...

New players need support to enter financial services: Coles

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
... services industry, Coles has said The retailer expressed support for a proposal laid out in the Financial System Inquiry (FSI)'s interim report to improve access for new entrants to the financial services industry. In a submission to the inquiry Coles ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... according to the Australian Prudential Regulation Authority (APRA). In its second submission to the Financial System Inquiry (FSI), APRA was in agreement with interim reportA saying that the retirement income industry was underdeveloped, and that one ...

Senate bill challenges general advice definition

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
Greens Senator Peter Whish-Wilson has decided to get ahead of the Financial System Inquiry (FSI) and is set to table a bill to change the definition of 'general advice.' The Senator will introduce the private member bill today during the Senate sitting ...

Body needed to monitor adviser competency: FSC

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... standards, adviser education and the register of advisers, the FSC proposed in its submission to the Financial System Inquiry (FSI). The board should include representatives from industry participants such as the Australian Securities and Investments ...

Vertical integration good for consumers, competition: instos

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... positive for consumers because it helps market competition. The stakeholders have rebuffed the Financial System Inquiry's (FSI) concern that vertical integration might have a negative effect on consumers, especially when financial product manufacturing ...

FSC calls for new govt agency to grow industry overseas

MARK SMITH  |  MONDAY, 1 SEP 2014
... management industry, the Financial Services Council (FSC) said in its second round submission to the Financial System Inquiry (FSI). The new body, as envisaged by the FSC, would address international integration issues covering mutual recognition arrangements ...