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Showing 151 - 160 of 281 results for "FSI"

Call general advice 'sales': CBA

ALICE URIBE  |  FRIDAY, 29 AUG 2014
... changes to the way that 'advice' is described in its second round submission that responds to the Financial System Inquiry's (FSI) Interim Report. In its 92 page submission published on the FSI website today, it recommended that general advice should ...

FSI flooded with second round submissions

ALICE URIBE  |  FRIDAY, 29 AUG 2014
... round submissions in response to the Financial System Inquiry's Interim Report which was released in July. According to the FSI over 5,000 submissions were received on the issue of "credit card surcharges" and around 700 covered the issue of "too-big-to ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... and challenges of the retirement phase of superannuation in the second round of submissions to the Financial System Inquiry (FSI). In its 140 page submission the Association of Superannuation Funds of Australia (ASFA) put the emphasis on limiting expenditure ...

SPAA rejects compulsory annuitisation

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... spoken against the introduction of compulsory annuitisation in Australia in its submission to the Financial System Inquiry (FSI) "SPAA does not support policy incentives that encourage retirees to purchase one particular type of retirement income product ...

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
... Rice's claims with the following statement: "The failure of non-guaranteed products in retirement is the very reason why the FSI has floated the idea of default annuities. So you could say the horse has already bolted on the issue of non-commutability." ...

Give MySuper time to work, says AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
... Australian Institute of Superannuation Trustees (AIST) has said. In its submission in response to the Financial System Inquiry (FSI) interim report, AIST said wholesale structural changes to deal with the comparatively high fees super funds charge would ...

Higher education will not fix advice industry problems: Accountants

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... recent years, the Chartered Accountants Australia and New Zealand (CAANZ) said in a submission to the Financial System Inquiry (FSI). "Australians cannot have a professional relationship with an adviser when there is such disparity in the education levels ...

ASFA asks FSI for clear targets to measure super success

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
The Association of Superannuation Funds of Australia (ASFA) has called on the Murray Inquiry to set clear objectives against which the success of superannuation's role in reducing the Age Pension burden on public coffers can be measured. In its latest ...

Actuaries Institute to advise FSI on longevity

JAMES FERNYHOUGH  |  MONDAY, 25 AUG 2014
... Actuaries Institute to advise it on possible product solutions that deal with the challenge of longevity. In its submission to the FSI, released today, the Actuaries Institute states: "The Institute is assisting the FSI Secretariat formulate a paper ...

Ditch retail prospectuses in some cases, say leading lawyers

ALEX DUNNIN  |  TUESDAY, 19 AUG 2014
... leading finance industry lawyers has said. The proposal surfaced following the release of the interim Financial System Inquiry (FSI) report that raised the conjecture that disclosure has failed to protect retail investors. Speaking at a UNSW law school ...