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Showing 501 - 510 of 979 results for "Financial System"

Hedge funds face brain drain

LAURA MILLAN, MARK SMITH  |  MONDAY, 24 AUG 2015
... other managers will follow. He expressed concern that the trend clouds transparency, even fearing the entire financial system could be at risk: "The future of the hedge fund industry is in family offices. It's going back to its roots. The trouble is ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
... Regulation Authority (APRA) regulated superannuation funds. Consistent with both the 2010 Cooper Review and the Financial System Inquiry, the Government's proposed reforms will include a requirement that all APRA-regulated superannuation funds have a ...

Regulation is not the only answer: Herbert Smith Freehills

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
... regulators don't act decisively to weed out the bad apples, the thicket of rules gets thicker and thicker and the financial system gets less efficient." He explained that the industry does not need more regulation, but more effective regulation. "There ...

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
David Murray, chair of the Financial System Inquiry, has stirred the debate around super board independence, saying it has deteriorated into a "set of silly suggestions." In his final FSI report, Murray recommended that super funds appoint a majority ...

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
... VicSuper's launch of the first Comprehensive Income Product for Retirement-style solution, a recommendation by the Financial System Inquiry (FSI). Administration provider AAS also recently partnered with Challenger A to make annuities accessible on its ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... fees have not fallen to expectations, given the system's substantial increase in size and scale. He noted the Financial System Inquiry (FSI) cited data showing that between 2004 and 2013, average fees only fell by 20 basis points "whereas the size of ...

FSC calls for 12% super by 2022

MARK SMITH  |  THURSDAY, 6 AUG 2015
... bipartisan approach to define the objective of superannuation and to enshrine it in legislation as recommended by the Financial System Inquiry. "The FSC's definition of the objective of superannuation is to ensure that the majority of Australians achieve ...

Government to review ASIC

ALEX BURKE  |  FRIDAY, 24 JUL 2015
... objectives and future regulatory changes." Frydenberg noted that the review has come about as a response to the Financial System Inquiry recommendation for periodic reviews of Australia's financial regulators. "Findings of the capability review will ...

SMSF direct property investment jumps 60pct

MARK SMITH  |  FRIDAY, 17 JUL 2015
... provision of advice for SMSFs rather than these sorts of figures. I'm surprise to see them commenting," he said. The Financial System Inquiry (FSI) has recommended banning LRBAs, a move which was drawn criticism from industry quarters. The Association ...

Climate change to impact financial systems

ALEX BURKE  |  MONDAY, 13 JUL 2015
Research by The Climate Institute concludes Australia's financial system may be vulnerable to climate change. The institute argues this is based on several factors, including the country's "carbon-intensive economy, lack of policy clarity and reliance ...