Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 611 - 620 of 979 results for "Financial System"

Ai Group defends super in awards

JAMES FERNYHOUGH  |  WEDNESDAY, 10 SEP 2014
... superannuation default funds to remain within the modern awards system. In its second-round submission to the Financial System Inquiry (FSI) the employer group, which represents more than 6000 businesses and appoints employer representatives to the board ...

Market Wrap AM

AAP  |  WEDNESDAY, 10 SEP 2014
... with high dependence on short-term funding would have tougher capital rules, to ensure they do not place the financial system at risk. The market was lower in early trade and the losses accelerated in the afternoon after Apple, the largest US company ...

Instos offer advice at a loss to drive product sales: EY

LAURA MILLAN  |  TUESDAY, 9 SEP 2014
... offering it at a loss to lead clients into product sales, Ernst & Young (EY) have said in their submission to the Financial System Inquiry (FSI). EY argued that decades old industry approaches "have devalued advice by offering it as a loss leader into ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... their default offering into retirement, and should include annuities in that offering, Challenger has told the Financial System Inquiry (FSI). In its second submission to the FSI, Challenger argued that disengagement and "behavioural biases" mean a default ...

FOS demands licensee-funded consumer protection scheme

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... consumers are paid when awarded compensation, the Financial Ombudsman Service (FOS) asked in its submission to the Financial System Inquiry (FSI). The proposal was made in light of the 105 FOS determinations made in favour of consumers that remain unpaid. ...

Super fees drop as fund war rolls on

LAURA MILLAN  |  MONDAY, 8 SEP 2014
Superannuation fees have been at the centre of public debate since David Murray's Financial System Inquiry (FSI) flagged that there is little fee-based competition and that "fees appear high by international standards." But the Rainmaker 2014 Super ...

Ties between product and advice "archaic": FPA

ALICE URIBE  |  FRIDAY, 5 SEP 2014
The Financial Planning Association urged the Financial System Inquiry to review the definition of 'financial product advice' in the Corporations Act and said that the current regime was "detrimental to innovation." In its second submission to inquiry ...

New players need support to enter financial services: Coles

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
... the financial services industry, Coles has said The retailer expressed support for a proposal laid out in the Financial System Inquiry (FSI)'s interim report to improve access for new entrants to the financial services industry. In a submission to the ...

Former Treasury adviser joins ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 3 SEP 2014
... body in June. McCrea has 14 years' experience in government policy, most recently as a senior adviser in the Financial System and Services division of Treasury. ASFA chief executive Pauline Vamos said: "The appointment reflects the increasing complexity ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission to the Financial System Inquiry (FSI), APRA was in agreement with interim reportA saying that the retirement income industry was underdeveloped ...