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Showing 71 - 80 of 281 results for "FSI"

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
... stirred the debate around super board independence, saying it has deteriorated into a "set of silly suggestions." In his final FSI report, Murray recommended that super funds appoint a majority of independent directors but so far the legislation is yet ...

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
... of the first Comprehensive Income Product for Retirement-style solution, a recommendation by the Financial System Inquiry (FSI). Administration provider AAS also recently partnered with Challenger A to make annuities accessible on its platform.

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... fallen to expectations, given the system's substantial increase in size and scale. He noted the Financial System Inquiry (FSI) cited data showing that between 2004 and 2013, average fees only fell by 20 basis points "whereas the size of the average fund ...

Big four prepared for APRA capital adequacy changes

ALEX BURKE  |  MONDAY, 20 JUL 2015
... mortgage exposures for Australian deposit-taking institutions (ADIs) will increase from 16% to at least 25%. It derived from the FSI recommendation that the regulator should "raise the average internal ratings-based (IRB) mortgage risk weight to narrow ...

SMSF direct property investment jumps 60pct

MARK SMITH  |  FRIDAY, 17 JUL 2015
... for SMSFs rather than these sorts of figures. I'm surprise to see them commenting," he said. The Financial System Inquiry (FSI) has recommended banning LRBAs, a move which was drawn criticism from industry quarters. The Association of Financial Advisers ...

Banks need to increase capital ratios: APRA

DARREN SNYDER  |  MONDAY, 13 JUL 2015
... comfortably positioned in the top quartile of international peers. In response to a recommendation of the Financial System Inquiry (FSI) that bank capital ratios must be "unquestionably strong" APRA conducted a study comparing the capital position of ...

FSC revamps board, policy team

LAURA MILLAN  |  FRIDAY, 3 JUL 2015
... previously an executive manager of advocacy for the Commonwealth Bank's (CBA) submission to the Financial System Inquiry (FSI). Economist Sara Dix took over the role of policy manager for global markets in 2014 and is responsible for the FSC's policy ...

Challenger and Link partner to offer super annuities

ALEX BURKE  |  MONDAY, 15 JUN 2015
... Government Super in its client-base. As a result of this, super fund trustees administered by AAS will be able to fulfil the FSI recommendation for a "comprehensive income product for retirement" option, which the FSI report states should include "a ...

Bank results underpin wealth management new era

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
... behaviour in the past. At the moment, a Parliamentary Joint Committee into financial advice, the Financial System Inquiry (FSI) and the Trowbridge report into risk advice are raising questions about the current model. "Although the industry is responding ...

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... standards and by improving the public perception of the life risk advice service offering. "The form of regulation proposed in the FSI Final Report would only serve to benefit life insurance providers and potentially push more Australians away from life ...