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Showing 201 - 210 of 275 results for "Financial System Inquiry"

Call general advice 'sales': CBA

ALICE URIBE  |  FRIDAY, 29 AUG 2014
... be 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
... than 6,300 bodies, companies and individuals have provided second 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 ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... shortfalls 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 ...

FSC: Appoint an ASIC commissioner for international issues

MARK SMITH  |  THURSDAY, 28 AUG 2014
The Financial Services Council (FSC) has called on the Financial System Inquiry to consider the appointment of a new ASIC commissioner to deal with international regulatory issues and for an agency to be established to coordinate and promote financial ...

SPAA rejects compulsory annuitisation

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... has 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 ...

IFM warns against foreign ownership of infrastructure

JAMES FERNYHOUGH  |  THURSDAY, 28 AUG 2014
... meaning more assets will be bought by foreign investors, IFM Investors has warned. In its submission to the Financial System Inquiry, the industry fund-owned fund manager said, "The existing liquidity management regime strongly encourages Australian ...

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
... in reducing the Age Pension burden on public coffers can be measured. In its latest submission to the Financial System Inquiry the industry body set a number of key targets for the superannuation to have achieved by 2050. Specifically these include limiting ...

SPAA defends SMSF tax rules

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
... not just SMSFs. She voiced full support for the tax imputation system, which is under scrutiny from the Financial System Inquiry.