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Showing 641 - 650 of 992 results for "Financial System"

FSC: Appoint an ASIC commissioner for international issues

MARK SMITH  |  THURSDAY, 28 AUG 2014
The Financial Services Council (FSC) has called on the Financial System Inquiry to consider the appointment of a new ASIC commissioner to deal with international regulatory issues and for an agency to be established to coordinate and promote financial ...

SPAA rejects compulsory annuitisation

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... (SPAA) has spoken against the introduction of compulsory annuitisation in Australia in its submission to the Financial System Inquiry (FSI) "SPAA does not support policy incentives that encourage retirees to purchase one particular type of retirement ...

IFM warns against foreign ownership of infrastructure

JAMES FERNYHOUGH  |  THURSDAY, 28 AUG 2014
... infrastructure, meaning more assets will be bought by foreign investors, IFM Investors has warned. In its submission to the Financial System Inquiry, the industry fund-owned fund manager said, "The existing liquidity management regime strongly encourages ...

Give MySuper time to work, says AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
... system, the Australian Institute of Superannuation Trustees (AIST) has said. In its submission in response to the Financial System Inquiry (FSI) interim report, AIST said wholesale structural changes to deal with the comparatively high fees super funds ...

Higher education will not fix advice industry problems: Accountants

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... experienced in recent years, the Chartered Accountants Australia and New Zealand (CAANZ) said in a submission to the Financial System Inquiry (FSI). "Australians cannot have a professional relationship with an adviser when there is such disparity in ...

Government tables FoFA bill in House of Reps

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
The Coalition has reintroduced the amendments of the Future of Financial Advice (FoFA) bill into the House of Representatives, reigniting the political debate around financial planning legislation. The government's move follows the opposition's failed ...

ASFA asks FSI for clear targets to measure super success

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
... superannuation's role in reducing the Age Pension burden on public coffers can be measured. In its latest submission to the Financial System Inquiry the industry body set a number of key targets for the superannuation to have achieved by 2050. Specifically ...

Stagflation is real in Brazil

BENJAMIN ONG  |  WEDNESDAY, 27 AUG 2014
... follows the lowering in required reserves announced on 24 July (estimated to release 30 billion reals into the financial system) and is in addition to lowered risk capital requirements that the CBB expects to add another 15 billion reals. Brazil's finance ...

SPAA defends SMSF tax rules

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
... retirees, not just SMSFs. She voiced full support for the tax imputation system, which is under scrutiny from the Financial System Inquiry.

Actuaries Institute to advise FSI on longevity

JAMES FERNYHOUGH  |  MONDAY, 25 AUG 2014
The Financial System Inquiry has enlisted the Actuaries Institute to advise it on possible product solutions that deal with the challenge of longevity. In its submission to the FSI, released today, the Actuaries Institute states: "The Institute is assisting ...