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Showing 201 - 210 of 422 results for %22Financial System Inquiry%22

Digital currency continues to be monitored: RBA

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... mediums of exchange such as digital currencies, consistent with the observations of the final report of the Financial System Inquiry." The RBA noted digital currencies have the potential to raise more immediate concerns over issues relating to taxation ...

Regional banks call for FSI reforms without delay

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... Australia's four leading regional banks raised three key issues in their submission to the federal government's Financial System Inquiry Final Report recently. Regional banks including Suncorp Bank, ME Bank, Bank of Queensland and Bendigo and Adelaide ...

FSI must lift value in super system: AVCAL

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... incomes. The call comes as one of four key issues raised by AVCAL in its submission to the government's Financial System Inquiry Final Report due last month. AVCAL recommends "disclosure settings for superannuation funds should be designed to encourage ...

FSI submissions close

DARREN SNYDER  |  TUESDAY, 31 MAR 2015
Public submissions on the federal government's Financial System Inquiry Final Report close today. Provided about four months to comment, it is expected all financial service sectors will contribute their thoughts on the government's 44 recommendations ...

Competition for annuities likely to remain low

LAURA MILLAN  |  FRIDAY, 27 MAR 2015
... life insurers, "are not in a position to compete in the near term." The report said that following the Financial System Inquiry (FSI) recommendations, "the banks currently have capital constraints and have recently experienced losses and low returns ...

ASIC penalties 'like being hit with a lettuce leaf': Murray

LAURA MILLAN  |  WEDNESDAY, 25 MAR 2015
... Securities and Investment Commissions (ASIC) are so weak that they are like being hit with a lettuce leaf, Financial System Inquiry chair David Murray said. Speaking at a panel session at the ASIC summit, only two seats away from ASIC chairman Greg Medcraft ...

FSC supports longer threshold for unclaimed life insurance

ALEX BURKE  |  THURSDAY, 19 MAR 2015
... Loane said that the decision to change the threshold back to seven years was "backed by David Murray's Financial System Inquiry which found this would halve the number of claims." She added, "Under the three year rule there was no nexus between re-uniting ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  WEDNESDAY, 11 MAR 2015
... will be a broad based tax review - the Tax White Paper, a government policy response to David Murray's Financial System Inquiry, reforms to lift financial adviser competency standards, completion of Mark Johnson's exporting of funds management recommendations ...

Super funds turning to passive to tackle high fees

MARK SMITH  |  MONDAY, 9 MAR 2015
... managed by a representative basket of retail funds has risen from 24.0% in 2011 to 46.6% in 2013. The Financial System Inquiry has put the spotlight on superannuation fees in recent months, questioning why costs are high next to global peers. "If performance ...

Nationals pressure Treasury for RC into white collar crime

LAURA MILLAN  |  MONDAY, 23 FEB 2015
... given Treasury the suggested terms of reference for a Royal Commission into white collar crime. Williams confirmed to Financial Standard that he gave the documents to Treasurer Joe Hockey's chief of staff two weeks ago, and that he is hoping to get a ...

Editor's Choice

Australian Retirement Trust people chief to depart

ELIZABETH FRY
Australian Retirement Trust has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year.

SSGA loses $2.4bn in two months

KARREN VERGARA
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products.

AFCA seeks industry feedback on approaches

ELIZA BAVIN
The financial complaints authority is asking the industry for feedback on how it approaches issues and reaches decisions.

Apex, ACA partner to broaden client services

ANDREW MCKEAN
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.

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