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

Search Results

Showing 271 - 280 of 505 results for "Murray"

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
... grow to a level where it could be a threat to people's retirement savings." In its final report handed down yesterday, the Murray Inquiry recommended that government reinstate the prohibition on direct borrowing for LRBAs by superannuation funds. It ...

Industry funds reject majority independent directors

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
David Murray's recommendation that super fund boards comprise a majority of directors has met with mixed responses from the industry, with the retail side welcoming it but the not-for-profit side broadly rejecting it. Media reports, meanwhile, have ...

SPECIAL REPORT: Financial System Inquiry

ALICE URIBE  |  MONDAY, 8 DEC 2014
... superannuation and investment management industries for years to come, was delivered by Treasurer Joe Hockey and FSI chair David Murray at 10.30am on Sunday morning. Released in July, the interim report was one of the major talking points this year. ...

Share market rallies on Murray report

AAP  |  MONDAY, 8 DEC 2014
... capital. Shares in the major banks and the small regional players are firmer, a day after former Commonwealth Bank boss David Murray's final report was released by Treasurer Joe Hockey. But Mr Murray's report was vague about the levels of capital he ...

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... legislation in an effort to lift standards in the financial planning industry. Greens' Senator Peter Whish-Wilson said that "the Murray Inquiry recommendations are a big warning sign to the government on their pursuit of weaker consumer protections in ...

Market Wrap AM

AAP  |  MONDAY, 8 DEC 2014
... brought the yearly average to 241,000 a month. In local economic news on Monday, Financial System Inquiry chairman David Murray is slated to speak at a Committee for Economic Development of Australia (CEDA) event in Sydney. Meanwhile, the ANZ job advertisements ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
... development of the impact investment market and encourage innovation in funding social service delivery. FSI chair David Murray also called for guidance to be provided to superannuation trustees on the appropriateness of impact investment. The report ...

Murray calls for end to LRBAs

ALICE URIBE  |  SUNDAY, 7 DEC 2014
The Murray Inquiry has recommended that government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation funds. It said that the government should restore the general prohibition on direct ...

Industry braces for majority independent directors

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
Superannuation fund boards should comprise a majority of independent directors including an independent chair, David Murray has recommended in the Financial System Inquiry final report. If the government implements this recommendation, it would represent ...

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... System Inquiry (FSI) that was handed down today. The inquiry headed up by former Commonwealth Bank chief executive David Murray recommended that "product issuers and distributors should take responsibility for the design, targeting and distribution of ...