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

Search Results

Showing 161 - 170 of 275 results for "Financial System Inquiry"

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is tailored to their ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... Everything is political and especially so with the super-charged high stakes poker game on display in the Financial System Inquiry (FSI) where the battle lines were quickly drawn between financial product providers versus consumers. And after listening ...

Banks should hold more capital: Murray

AAP  |  SUNDAY, 7 DEC 2014
... should be forced to hold more capital to minimise their risk of failure and improve competition, the Financial System Inquiry has found. The final report of David Murray's blueprint for the future of Australia's financial system, released by Treasurer ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

MTAA hails 'a third, a third, a third' board structure a success

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
The Financial System Inquiry report will be released this Sunday, and it is widely expected to have something to say about superannuation fund governance - namely, that the boards of super funds should have a quota of independent trustees. While many ...

Follow our coverage of the FSI final report on Sunday

ALICE URIBE  |  FRIDAY, 5 DEC 2014
Financial Standard will be providing comprehensive coverage of the Financial System Inquiry's final report after its release on Sunday. The report, which is likely to shape industry and regulatory policy for the financial planning, superannuation and ...

Inflows from overseas double in four years

MARK SMITH  |  TUESDAY, 25 NOV 2014
... effort to make the most of our comparative advantage in funds management. We have recommended to the Financial System Inquiry that a body be established to coordinate the efforts of Treasury, the Department of Foreign Affairs and Trade, ASIC and Austrade," ...

Murray takes aim at industry culture

JAMES FERNYHOUGH  |  TUESDAY, 25 NOV 2014
... human systems, which affect people who do have views about things." The only time Murray referred to the Financial System Inquiry (FSI) was in relation to the culture of financial institutions. Murray is expected to deliver the FSI final report to the ...

Further raise pension age, says Future Leaders winner

JAMES FERNYHOUGH  |  TUESDAY, 25 NOV 2014
... presentations on one of four hot topics: MySuper and competition; the Asia region funds passport; the Financial System Inquiry (FSI); and the regulation of the financial services industry. Flegg chose to present on the FSI, and focused on the problem ...