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Showing 361 - 370 of 605 results for "MEC"

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
Financial services providers owe consumers about $15 million in unpaid compensation, according to the Financial Ombudsman Service (FOS). The latest edition of The FOS Circular reveals that since January 1, 2010, a total of 26 financial services companies ...

Super Mario delivers huge stimulus package

BENJAMIN ONG  |  FRIDAY, 23 JAN 2015
"I've got sunshine on a cloudy day... I guess you'd say What can make me feel this way?" Mario, Mario, Mario Talkin' 'bout Q-E Q-E. Yes Virginia, he did it. Super Mario brought sunshine to the financial markets on this, a cold and cloudy Frankfurt day. ...

Government Cyber Security Strategy already out of date

MARK SMITH  |  TUESDAY, 9 DEC 2014
Financial System Inquiry (FSI) chair David Murray has called for government and other financial system stakeholders to tighten processes to counter the growing threat of cyber-crime. Recommendation 38 in the final report of the FSI said the government's ...

FSI calls for tax relief to switch out of legacy products

MARK SMITH  |  TUESDAY, 9 DEC 2014
The government should introduce a means to allow investors in out of date products to switch to new and improved products without being whacked with capital gains tax, the Financial System Inquiry has recommended in its final report. It is estimated ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
Everything is political and especially so with the super-charged high stakes poker game on display in the Financial System Inquiry (FSI) where the battle lines were quickly drawn between financial product providers versus consumers. And after listening ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

Cash rate more likely to fall than rise: PIMCO

JAMES FERNYHOUGH  |  FRIDAY, 28 NOV 2014
The Reserve Bank of Australia (RBA) is more likely to cut the cash rate than raise it in 2015, according to PIMCO head of portfolio management in Australia Robert Mead. While Mead said the most likely scenario in 2015 is that rates will stay where they ...

The second FS Power50 list unveiled

STAFF WRITER  |  MONDAY, 17 NOV 2014
Social media is the epicentre of new ideas and innovation in financial services industry and this years' edition of the FS Power50 features the top 50 individuals in Australia leading this conversation. The second edition of the FS Power50 is a completely ...

Next super revolution must tackle retirement: Vilgan

JAMES FERNYHOUGH  |  WEDNESDAY, 12 NOV 2014
The next revolution in superannuation must involve building a reliable retirement system that tackles market risk and longevity risk, according to QSuper chief executive Rosemary Vilgan. Speaking at the opening session at the Association of Superannuation ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
The Australian Securities and Investments Commission (ASIC) has demanded the introduction of a last resort compensation scheme that would provide compensation to victims of failed investments and bad financial advice "where all the other options have ...