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Showing 561 - 570 of 979 results for "Financial System"

FSI calls for tax relief to switch out of legacy products

MARK SMITH  |  TUESDAY, 9 DEC 2014
... out of date products to switch to new and improved products without being whacked with capital gains tax, the Financial System Inquiry has recommended in its final report. It is estimated that approximately 25% of all funds under management are in out ...

FSI report favours longevity pooling

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
The Financial System Inquiry final report has recommended superannuation funds make more use of longevity pooling in their retirement products. The report recommended that super funds offer a quasi-default 'comprehensive income product for retirement' ...

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
The SMSF Professionals Association of Australia (SPAA) has rejected the Financial System Inquiry's (FSI) recommendation that the government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation ...

SPECIAL REPORT: Financial System Inquiry

ALICE URIBE  |  MONDAY, 8 DEC 2014
Catch up on Financial Standard's comprehensive coverage of the Financial System Inquiry's final report here. The report, which is likely to shape industry and regulatory policy for the financial planning, superannuation and investment management industries ...

Share market rallies on Murray report

AAP  |  MONDAY, 8 DEC 2014
The share market is stronger, with banks rallying on the Financial System Inquiry's recommendation that banks hold more capital. Shares in the major banks and the small regional players are firmer, a day after former Commonwealth Bank boss David Murray's ...

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... to reach "bipartisan consensus on the objectives of the superannuation system," following the release of the Financial System Inquiry (FSI) final report. Bowen said that Labor welcomes the release of the report, but noted that "it is important that key ...

Inquiry asks for greater simple bond red tape reduction

MARK SMITH  |  MONDAY, 8 DEC 2014
... reduced further by amending the simple bond legislation to make disclosure less complicated, the Inquiry into the financial system has said in its final report. In one of its 44 recommendations, the report called for the government to reduce disclosure ...

Market Wrap AM

AAP  |  MONDAY, 8 DEC 2014
... added a combined 44,000 jobs and brought the yearly average to 241,000 a month. In local economic news on Monday, Financial System Inquiry chairman David Murray is slated to speak at a Committee for Economic Development of Australia (CEDA) event in Sydney. ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
Impact investment was singled out in the final report of the Financial System Inquiry as an area that needs to be given greater attention. Recommendation 32 called for ways to facilitate development of the impact investment market and encourage innovation ...

Murray calls for end to LRBAs

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... could pose a risk to our superannuation system. "Direct borrowing by superannuation funds could pose risks to the financial system if it is allowed to grow at high rates. It is also inconsistent with the objectives of superannuation to be a savings vehicle ...