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Showing 661 - 670 of 982 results for "Financial System"

UK annuities policy dubbed 'political schizophrenia'

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
... decision to scrap compulsory annuitisation as 'political schizophrenia'. The comments came on the same day the Financial System Inquiry floated the possibility of introducing compulsory annuitisation in Australia. Speaking at an event on infrastructure ...

Market Wrap AM

AAP  |  THURSDAY, 17 JUL 2014
... Bank's business survey for the June quarter are due to be released. Reserve Bank of Australia assistant governor (financial system) Malcolm Edey is slated to be a panel participant at the Centre for International Finance and Regulation (CIFR) Market ...

Market wrap

AAP  |  WEDNESDAY, 16 JUL 2014
... Yellen's testimony to Congress on Tuesday night (AEST). The major banks were mixed as the first review of the financial system in 17 years was released in Canberra. ANZ was steady at $33.54, Westpac added 16 cents to $34.30, NAB lifted 13 cents to $33.97 ...

SMSFs get off lightly in FSI interim report

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
Self-managed superannuation funds look unlikely to face any major regulatory overhauls as a result of the Financial System Inquiry (FSI), recommendations made in the interim report suggest. The FSI interim report dedicated a short section to SMSFs ...

FSI questions viability of franking credits

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... The viability of Australia's imputation (or 'franking') credits system has been singled out for review in the Financial System Inquiry's interim report. The report acknowledged that the franking credit system, which refunds corporation tax to low or ...

Yellen yawn turn to Yellen yikes

BENJAMIN ONG  |  WEDNESDAY, 16 JUL 2014
... provide incentives for some investors to "reach for yield," and those actions could increase vulnerabilities in the financial system to adverse events. While prices of real estate, equities, and corporate bonds have risen appreciably and valuation metrics ...

Confidence key to financial future: Murray

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  TUESDAY, 15 JUL 2014
The first review of the financial system since 1997 may result in lower superannuation fund fees and slow the erosion of retirement nest eggs. At a time when financial advisers and the Commonwealth Bank are under a cloud, the head of the financial system ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
The Financial System Inquiry (FSI) Committee, headed up by chairman David Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry. In ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
In its interim report released today the Financial System Inquiry (FSI) has suggested that the vertically integrated structures may be reducing the quality of financial advice that consumers receive. The FSI has asked stakeholders to consider different ...

Market wrap

AAP  |  TUESDAY, 15 JUL 2014
... Yellen's testimony to Congress on Tuesday night (AEST). The major banks were mixed as the first review of the financial system in 17 years was released in Canberra. ANZ was steady at $33.54, Westpac added 16 cents to $34.30, NAB lifted 13 cents to $33.97 ...