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| | | Public submissions on the federal government's Financial System Inquiry Final Report close today. Provided about four months to comment, it is expected all financial service sectors will contribute their thoughts on the government's 44 recommendations ... |
| | | | ... life insurers, "are not in a position to compete in the near term." The report said that following the Financial System Inquiry (FSI) recommendations, "the banks currently have capital constraints and have recently experienced losses and low returns ... |
| | | | ... recommendations of the Parliamentary Joint Committee (PJC) on Corporations and Financial Services, which recently conducted an inquiry into financial advisers' education requirements. "With the right model, improvements in the qualifications, competence ... |
| | | | ... president Anthony Serhan said. "The appointment is particularly relevant in the context of the recent Financial Services Inquiry, FOFA and other changes to superannuation in Australia post the GFC," he added. "We are committed to working with the government ... |
| | | | ... Securities and Investment Commissions (ASIC) are so weak that they are like being hit with a lettuce leaf, Financial System Inquiry chair David Murray said. Speaking at a panel session at the ASIC summit, only two seats away from ASIC chairman Greg Medcraft ... |
| | | | ... Loane said that the decision to change the threshold back to seven years was "backed by David Murray's Financial System Inquiry which found this would halve the number of claims." She added, "Under the three year rule there was no nexus between re-uniting ... |
| | | | ... will be a broad based tax review - the Tax White Paper, a government policy response to David Murray's Financial System Inquiry, reforms to lift financial adviser competency standards, completion of Mark Johnson's exporting of funds management recommendations ... |
| | | | ... managed by a representative basket of retail funds has risen from 24.0% in 2011 to 46.6% in 2013. The Financial System Inquiry has put the spotlight on superannuation fees in recent months, questioning why costs are high next to global peers. "If performance ... |
| | | | ... Williams and the Treasurer, the Senator said. Williams is the Senator who tabled the motion for a Senate Economics Committee inquiry into the performance of the Australian Securities and Investments Commission (ASIC) in mid-2013. The inquiry revealed ... |
| | | | The Financial System Inquiry (FSI)'s recommendation to ban limited recourse borrowing arrangements (LRBAs) is "a draconian move that we need to reflect on," the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said. "LRBAs ... |
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