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

Search Results

Showing 71 - 80 of 275 results for "FSI"

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 ...

CSRI identifies super flaws

ALEX BURKE  |  MONDAY, 4 MAY 2015
... 2, the Committee for Sustainable Retirement Incomes has identified key issues with Australia's superannuation system in its FSI submission. According to CSRI's statement, the submission "identified as a priority policies that compel people to use their ...

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
In its final Financial System Inquiry (FSI) submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles ...

Trowbridge proposals will hit consumers hardest

ALEX BURKE  |  MONDAY, 20 APR 2015
AFA chief executive Brad Fox has hit back at the FSI and Trowbridge recommendations, saying they are "unworkable, impractical and do not acknowledge the value life insurance advisers provide to consumers." He noted that the hybrid remuneration model ...

FOS decries unpaid compensation

DARREN SNYDER  |  TUESDAY, 14 APR 2015
... protection framework and the problem of unpaid compensation. While unpaid compensation was included as an issue in the Interim FSI Report, it was not addressed in the Inquiry's Final Report," the FOS submission states. "FOS recommends the establishment ...

Retirement income committee to launch in June

ALEX BURKE  |  FRIDAY, 10 APR 2015
... committee members include policy experts Vince Fitzgerald, Bob Officer, Elana Rubin, Andrew Podger and Patricia Pascuzzo. FSI chair David Murray and Chris Bowen MP will make keynote speeches at the forum. This announcement follows the release of the ...

Regional banks call for FSI reforms without delay

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
Australia's four leading regional banks raised three key issues in their submission to the federal government's Financial System Inquiry Final Report recently. Regional banks including Suncorp Bank, ME Bank, Bank of Queensland and Bendigo and Adelaide ...