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Showing 71 - 80 of 160 results for "David Murray"

Market Wrap AM

AAP  |  MONDAY, 8 DEC 2014
... 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. Meanwhile, the ANZ job advertisements ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
... development of the impact investment market and encourage innovation in funding social service delivery. FSI chair David Murray also called for guidance to be provided to superannuation trustees on the appropriateness of impact investment. The report ...

Industry braces for majority independent directors

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
Superannuation fund boards should comprise a majority of independent directors including an independent chair, David Murray has recommended in the Financial System Inquiry final report. If the government implements this recommendation, it would represent ...

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... System Inquiry (FSI) that was handed down today. The inquiry headed up by former Commonwealth Bank chief executive David Murray recommended that "product issuers and distributors should take responsibility for the design, targeting and distribution of ...

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
David Murray has recommended that the MySuper system be replaced by a default fund auction process similar to the Chilean model if fees do not come down considerably by 2020. The Financial System Inquiry final report has argued that superannuation fees ...

Murray calls for ASIC to have more money and power

MARK SMITH  |  SUNDAY, 7 DEC 2014
... Commission (ASIC) should be given greater powers and more money to do its job. Those were the recommendations laid out by David Murray in his final report to the Financial System Inquiry (FSI). "Regulators' funding arrangements and enforcement tools ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... cause consumers to believe the information is tailored to their needs," the final report of the inquiry chaired by David Murray said. "General advice should be replaced with a more appropriate, consumer-tested term to help reduce consumer misinterpretation ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... battle lines were quickly drawn between financial product providers versus consumers. And after listening to FSI chair David Murray and Treasurer Joe Hockey speak at this morning's media conference announcing the release of the report it's clear who ...

Banks should hold more capital: Murray

AAP  |  SUNDAY, 7 DEC 2014
... minimise their risk of failure and improve competition, the Financial System Inquiry has found. The final report of David Murray's blueprint for the future of Australia's financial system, released by Treasurer Joe Hockey on Sunday, says capital requirements ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such changes to the law "would reduce incentives for churning and improve the quality of advice on life insurance." ...