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Showing 31 - 40 of 281 results for "FSI"

Default super system splits industry

DARREN SNYDER | WEDNESDAY, 21 SEP 2016

... models around the allocation process for default fund members - another development from the 2014 Financial System Inquiry (FSI). The commission's issues paper on alternative default models, released yesterday, has again split the system by those representing ...

CIPR discussion paper by year's end

DARREN SNYDER | WEDNESDAY, 14 SEP 2016

... provide a reasonable amount of income over the course of their retirement. "The concept that was outlined by David Murray in the FSI is that trustees should be able to offer a CIPR as a soft default or preselect for their members a retirement income ...

Super industry bodies unite over adequacy

DARREN SNYDER | FRIDAY, 5 AUG 2016

... As it stands, the federal government is keen to legislate super's objective as recommended by the Financial System Inquiry (FSI) - being "to provide income in retirement to substitute or supplement the Age Pension." The industry consensus recommends ...

PROFILE: FSC chief executive Sally Loane

ALEX BURKE | TUESDAY, 31 MAY 2016

... into a well-oiled machine. Obviously, the FSC under John Brogden and Andrew Bragg had put in a number of submissions into the FSI, so what came out of that was obviously going to be extremely important. It was a great day. It certainly set my focus for ...

FSC releases policy priorities for next parliament

ALEX BURKE | WEDNESDAY, 18 MAY 2016

... 9.3% of national economic growth and employs nearly 500,000 people, FSC chief executive Sally Loane said: "Unsurprisingly the FSI's recommendations are a significant focus of our policies." "The FSI demonstrated that Australia's world-leading financial ...

Financial Sector Advisory Council back in action

DARREN SNYDER | MONDAY, 9 MAY 2016

... mandate to advise the federal government on regulator performance as well as its implementation of the Financial System Inquiry (FSI). The rebuilt Council will have nine members and is to be chaired by Suncorp Group chief executive Michael Cameron. It ...

Royal Commission won't hit banks where it hurts

ALEX BURKE | FRIDAY, 15 APR 2016

... about implementing the reforms," Degotardi explained. Degotardi's comments refer specifically to the recommendations in the FSI pertaining to "inappropriate regulatory barriers" to foreign and domestic entrants into the banking sector. The report specifically ...

Super's objective needs to get personal

DARREN SNYDER | TUESDAY, 12 APR 2016

... standard of living in retirement similar to what they had during their working lives." This would be an alternative to the FSI definition for super to "provide income in retirement to substitute or supplement the Age Pension." WSSA chief executive Douglas ...

FSC salutes choice reforms, ISA calls for more transparency

ALEX BURKE | FRIDAY, 18 MAR 2016

... 2016, which will allow APRA-approved MySuper funds to enter the default super sector. "The legislation is consistent with the FSI recommendation that individuals be allowed to choose their own superannuation fund," she said. "The Government should be ...

FICAP marks 10th anniversary with record fundraising

MICHELLE BALTAZAR | THURSDAY, 17 MAR 2016

The Financial Industry Community Aid Program (FICAP) celebrated its tenth year milestone last week by raising more than $200,000 at its annual 'Who Wants to be a RockStar?' fundraising night. More than 700 professionals from the financial services industry ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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