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Showing 541 - 550 of 1005 results for "Financial System"

EOFY means new laws and new products

DARREN SNYDER  |  WEDNESDAY, 1 JUL 2015
... superannuation board governance. Financial services industry representatives have also hinted expectations that the Financial System Inquiry may reach its conclusion this month. Below is a short list of superannuation and investment changes set to occur ...

Australian market set for further falls

AAP  |  TUESDAY, 30 JUN 2015
... week and restricted withdrawals from ATMS to 60 euros per person per day to avoid a collapse of the country's financial system.

Super funds clash on board independence

DARREN SNYDER  |  FRIDAY, 26 JUN 2015
... recommended by reviews under both Labor and Liberal governments with the Super System Review in 2009 and the Financial System Inquiry in 2014. Recognising existing super funds will need to reconstitute their boards as a result of these reforms, the government ...

Animal spirits may be playing with fire

DARREN SNYDER  |  FRIDAY, 19 JUN 2015
... substantial redemptions, and so be forced to engage in asset 'fire sales' that could be destabilising for the financial system." The asset management paper highlights the global industry has grown rapidly following the global financial crisis. Australia's ...

Over-reliant bank lending slows OECD economic growth

DARREN SNYDER  |  THURSDAY, 18 JUN 2015
An over-reliance on bank lending poses risks to long-term growth in Australia, according a new report by the Organisation for Economic Co-operation and Development. The report said recent financial development shows further expansion of bank credit ...

Trio liquidators deny deregistering fraud fund

ALEX BURKE  |  MONDAY, 15 JUN 2015
... from the government due to the staggering incompetence of ASIC both as the shield and sword of the Australian Financial System. In response to this, PPB have issued a statement saying that "It is not proposed nor is it the intention of the liquidators ...

VicSuper and Challenger launch integrated super retirement product

DARREN SNYDER  |  THURSDAY, 11 JUN 2015
VicSuper has answered the Financial System Inquiry's call for superannuation trustees to introduce measures that will potentially protect members' longevity risk and improve efficiency in retirement. In conjunction with investment management firm Challenger ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
... "Significant and continued financial losses in this sector could also lead to a lack of confidence in the Australian financial system broadly, and in superannuation in particular, leading to a withdrawal of investors from the sector." Recent investigations ...

Independence on super boards should be skills based

DARREN SNYDER  |  MONDAY, 1 JUN 2015
... report is considered timely as the financial services industry expects the federal government to respond to the Financial System Inquiry next month. Mercer believes a recommendation will be to assign a majority of independent directors on superannuation ...

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... should be able to choose any MySuper product to be the default fund for their workplace." Loane added that in the Financial System Inquiry, choice and competition were at the centre of recommendations on superannuation. It strongly endorsed the principle ...