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Showing 581 - 590 of 935 results for "Incentive"

Bank cross-sell growing but slowly

ALEX DUNNIN  |  THURSDAY, 26 JUN 2014
... institutions 25%. Morris said the reasons for the relatively slow improvement in bank customer wallet share were "lack of incentive for customers to consolidate, competition from specialists providers such as for superannuation and insurance, lack of ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... effect on 1 July 2014 where that is legally possible," Cormann said. The statement is largely focused on commissions, incentive payments and conflicted remuneration in financial advice, which has been the most controversial of the government's proposed ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...

FWC halts default super review

JAMES FERNYHOUGH  |  WEDNESDAY, 11 JUN 2014
The Fair Work Commission (FWC) has said it will halt its selection of MySuper funds as default funds under modern awards, after the full Federal Court found the expert panel was incorrectly constituted. In a statement released yesterday the president ...

FSC and ISA both claim Federal Court victory

JAMES FERNYHOUGH  |  TUESDAY, 10 JUN 2014
Both the Financial Services Council (FSC) and Industry Super Australia (ISA) have claimed a victory in the Federal Court, even though the court's orders essentially uphold the FSC's objections. At the end of Friday's hearing over the composition of ...

FEATURE: Bulldozing the infrastructure roadblocks

JAMES FERNYHOUGH  |  FRIDAY, 6 JUN 2014
... already active in this area, like New South Wales and Queensland, to privatise brownfield assets. It will also serve as an incentive to get more reluctant states, such as Western Australia, to take the plunge. Western Australia Treasurer Mike Nahan said ...

ASIC asks FSI for more flexible toolkit

MARK SMITH  |  WEDNESDAY, 4 JUN 2014
The Australian Securities and Investments Commission (ASIC) has called on the Financial System Inquiry (FSI) to grant it a more flexible regulatory toolkit and increase its scope to address market problems. Giving a speech at the Corporate Governance ...

Jeremy Cooper: Rethinking retirement

JAMES FERNYHOUGH  |  THURSDAY, 29 MAY 2014
... If you just pull out a lump sum and put it in the bank you're denying yourself the tax free status. Apart from that incentive structure, there's no barrier. The issues that people are making choices about are very, very difficult. We're just looking ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Services Council (FSC) said that asking for a ban of commissions on general advice is "hypocritical" when intra fund advice itself is "non-transparent." FSC policy and global markets director Andrew Bragg and senior policy manager Cecilia ...

Don't be afraid of sales, industry funds told

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
Industry superannuation funds must embrace a sales culture if they are to compete with retail funds in an increasingly open market, according to Metta Group director and AustralianSuper consultant Clive Wilkinson. Speaking to an audience of not-for-profit ...