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Showing 211 - 220 of 422 results for %22Financial System Inquiry%22

FSI proposal to ban LRBAs "draconian"

LAURA MILLAN  |  THURSDAY, 12 FEB 2015
The Financial System Inquiry (FSI)'s recommendation to ban limited recourse borrowing arrangements (LRBAs) is "a draconian move that we need to reflect on," the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said. "LRBAs ...

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
... compensation mechanism. "PI Insurance is just not effective," the FOS said, and noted that "the FSI [Financial System Inquiry] interim report identified a clear gap in this area of consumer loss and sought views on how to address this."

Industry insurance report to focus on advice remuneration model

LAURA MILLAN  |  FRIDAY, 30 JAN 2015
... remuneration structures. The report is expected to be completed before March 31, when submissions for the final Financial System Inquiry (FSI) report are due, AFA chief executive Brad Fox told Financial Standard. Submissions are due today for the preliminary ...

Asset owners throwing money away in hidden fees

MARK SMITH  |  THURSDAY, 29 JAN 2015
... Shaw, believes local institutions would especially benefit from this kind of cost pattern analysis. "The Financial System Inquiry put the focus squarely on cost in both its interim and final reports. Chairman David Murray and his committee said that ...

What if SMSFs flocked to global equities in 2015?

LAURA MILLAN  |  WEDNESDAY, 21 JAN 2015
... of Selfie demand may even undermine the banks efforts to re-capitalise their balance sheets post the Financial System Inquiry." But according to Credit Suisse, a more realistic environment would be SMSFs benefitting from stronger inflows following the ...

FPA sets sights on lifting professional standards

MARK SMITH  |  FRIDAY, 16 JAN 2015
... rightly on education and professional standards. The FPA welcomes this and we are pleased to see that the Financial System Inquiry, Senate Inquiry into the Performance of ASIC and most recently the PJC Inquiry have widely supported the measures we called ...

AIST and Mercer launch new super tracker

STAFF WRITER  |  FRIDAY, 9 JAN 2015
... recent inquiries into superannuation reiterate the need for evidence based evaluation. "We've had the Financial System Inquiry Final Report, now we're waiting for the review of the Tax System - it's a crucial time to be making evidence-based decisions ...

Adviser remuneration "critical": Trowbridge Interim Report

ALICE URIBE  |  THURSDAY, 18 DEC 2014
... March 2015. Formal submissions on these topics are invited and will be open until 30 January 2015. The Financial System Inquiry final report recommended the Government considers the Trowbridge Report in its response to the FSI next year.

Season's Greetings from Financial Standard

ALICE URIBE  |  FRIDAY, 12 DEC 2014
... up. The same can be said for the financial services industry.A The release of the final report of the Financial System Inquiry (FSI) made a splash. And some of the issues that were big in 2013 continued on into 2014. The Future of Financial Advice (FoFA) ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... year has been another busy one for the financial servives industry. FoFA remained on the radar and the Financial System Inquiry has the potential to change things in a big way. The Financial Standard team takes a look at the issues that made waves and ...