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Showing 521 - 530 of 1006 results for "Financial System"

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 ...

Government must not mandate products for super members: AIST

DARREN SNYDER  |  WEDNESDAY, 2 SEP 2015
... groundwork to allow new retirement product development. He expects this will be in line with recommendations from the Financial System Inquiry (FSI). "Our super system is still decades away from full maturity. Most Australians still retire with relatively ...

Super doing its job: Actuaries Institute

MARK SMITH  |  WEDNESDAY, 2 SEP 2015
... superannuation system is doing its job, a newly published white paper from the Actuaries Institute has concluded, but Financial System Inquiry chair David Murray argues it must be removed from political intervention. The new paper, 'For Richer or Poorer' ...

Industry funds attack banks on super

DARREN SNYDER  |  MONDAY, 31 AUG 2015
... greater efficiency and better services for members," he said. FSC chief executive Sally Loane previously said the "Financial System Inquiry found that in the last decade average fees have fallen by 20 basis points while the size of the average fund has ...

Reform summit must keep momentum: ASFA

DARREN SNYDER  |  MONDAY, 31 AUG 2015
... system needs improvement. ASFA believes the super system is already meeting its objectives as determined by the Financial System Inquiry (FSI) but long-term success would entail meeting several benchmarks by 2050. The benchmarks include having less than ...

Bankers see ASIC user pays model as burden

LAURA MILLAN  |  FRIDAY, 28 AUG 2015
... consultation paper seeking stakeholder views. This consultation is part of the government's consideration of the Financial System Inquiry (FSI), which recommended that ASIC's regulatory activities be funded by industry. The government said that an industry ...

Frydenberg relaxed about SMSF borrowing

DARREN SNYDER  |  MONDAY, 24 AUG 2015
... Treasurer spoke widely about the parliament's tax and financial services reviews, including that, as part of the Financial System Inquiry (FSI), the government would make a measured response around problems associated with limited recourse borrowing ...

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 ...