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Showing 171 - 180 of 422 results for %22Financial System Inquiry%22

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
... system is doing its job, a newly published white paper from the Actuaries Institute has concluded, but Financial System Inquiry chair David Murray argues it must be removed from political intervention. The new paper, 'For Richer or Poorer', analyses ...

Industry funds attack banks on super

DARREN SNYDER  |  MONDAY, 31 AUG 2015
... efficiency and better services for members," he said. FSC chief executive Sally Loane previously said the "Financial System Inquiry found that in the last decade average fees have fallen by 20 basis points while the size of the average fund has grown ...

Reform summit must keep momentum: ASFA

DARREN SNYDER  |  MONDAY, 31 AUG 2015
... needs improvement. ASFA believes the super system is already meeting its objectives as determined by the Financial System Inquiry (FSI) but long-term success would entail meeting several benchmarks by 2050. The benchmarks include having less than 20% ...

Bankers see ASIC user pays model as burden

LAURA MILLAN  |  FRIDAY, 28 AUG 2015
... consultation paper seeking stakeholder views. This consultation is part of the government's consideration of the Financial System Inquiry (FSI), which recommended that ASIC's regulatory activities be funded by industry. The government said that an industry ...

Frydenberg relaxed about SMSF borrowing

DARREN SNYDER  |  MONDAY, 24 AUG 2015
... spoke widely about the parliament's tax and financial services reviews, including that, as part of the Financial System Inquiry (FSI), the government would make a measured response around problems associated with limited recourse borrowing arrangements ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
... Authority (APRA) regulated superannuation funds. Consistent with both the 2010 Cooper Review and the Financial System Inquiry, the Government's proposed reforms will include a requirement that all APRA-regulated superannuation funds have a minimum of ...

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
David Murray, chair of the Financial System Inquiry, has stirred the debate around super board independence, saying it has deteriorated into a "set of silly suggestions." In his final FSI report, Murray recommended that super funds appoint a majority ...

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
... launch of the first Comprehensive Income Product for Retirement-style solution, a recommendation by the Financial System Inquiry (FSI). Administration provider AAS also recently partnered with Challenger A to make annuities accessible on its platform ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... have not fallen to expectations, given the system's substantial increase in size and scale. He noted the Financial System Inquiry (FSI) cited data showing that between 2004 and 2013, average fees only fell by 20 basis points "whereas the size of the ...

Super board changes ignore past lessons: Bowen

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... proposed governance changes to superannuation fund boards ignore the lessons learnt from the HIH disaster. Speaking at the Financial Services Council annual conference, Bowen quoted Justice Neville Owen in his capacity at the HIH Royal Commission and ...