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Showing 511 - 520 of 1005 results for "Financial System"

ASIC to be handed greater powers

MARK SMITH  |  TUESDAY, 20 OCT 2015
... commenced on an industry-pays funding model. The government said it will strengthen the focus on competition in the financial system by explicitly including consideration of competition in ASIC's mandate and tasking the Productivity Commission to examine ...

AMP to launch SMSF trustee course

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... amount rather than a lump sum amount and goal set." Burgess said when the government finally responds to the Financial System Inquiry, he expects the government to also tighten rules around limited recourse borrowing arrangements (LRBAs). "And that will ...

New super Shadow Minister as PM acknowledges Labor's plans

DARREN SNYDER  |  WEDNESDAY, 14 OCT 2015
... said he will build on Labor's proud record in superannuation and advance a "more resilient, fair and competitive financial system." Chalmers joined several first-term Labor members in promotions among the shadow ministry yesterday, and at a time when ...

FSI and tax response "close to completion": Morrison

LAURA MILLAN  |  THURSDAY, 24 SEP 2015
Treasurer Scott Morrison confirmed that the government's response to the Financial System Inquiry (FSI) is "proceeding and close to completion," despite the recent Liberal spill and cabinet reshuffle. Morrison addressed the media along with Finance ...

New faces to lead financial services policy reform

LAURA MILLAN  |  MONDAY, 21 SEP 2015
... revenue collection. O'Dwyer will be the industry's main point of contact to deal with policy issues such as the Financial System Inquiry (FSI), the government's response to the parliamentary inquiry into advice, ethical and education standards and the ...

Room to move on super investment fees

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... its power to put downward pressure on fees and increase the quality of superannuation products." He notes the Financial System Inquiry found that between 2004 and 2013, average fees only fell by 20 basis points whereas the size of the average fund increased ...

Turnbull expected to dust off shelved policies

LAURA MILLAN  |  TUESDAY, 15 SEP 2015
... industry sees the leadership change as an opportunity for the government to finally issue its response to the Financial System Inquiry (FSI) report and other policy issues that have remained shelved for months. A number of industry representatives expressed ...

Regulators put super funds on notice

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
... shortly announce a package to allow new retirement product development in line with recommendations from the Financial System Inquiry (FSI). Fitzpatrick said ASIC has had an increasing role in promoting financial literacy to ensure consumers are confident ...

ASIC would "rarely" ban products

ALEX BURKE  |  MONDAY, 7 SEP 2015
ASIC would only ban products in "extreme circumstances" if its regulatory powers were expanded as per Financial System Inquiry recommendations, ASIC chair Greg Medcraft said. Speaking at the Banking and Financial Services Law Association conference ...

MyPension product to solve retirement income hurdle

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
... chairman and superannuation expert Jeremy Cooper said. Cooper said that this issue has been identified by the Financial System Inquiry (FSI) and he flagged the need for the industry to develop a "comprehensive income product for retirement." He explained ...