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Showing 891 - 900 of 1613 results for "Recommended"

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
... 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 financial ...

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 ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is tailored to their needs," the final report ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...

ATO cold calling to test SMSF trustees

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
... compliance work where we identify a need to call a trustee to discuss certain matters," the spokesperson said. Harkin recommended that advisers educate SMSF trustees: "Education of potential trustees is vital when establishing an SMSF, not only to ensure ...

Epoch funds get upgrade from Zenith

ALICE URIBE  |  FRIDAY, 5 DEC 2014
... Investment Partners has upgraded the Grant Samuel Epoch Global Equity Shareholder Yield Funds, hedged and unhedged, from "Recommended" to "Highly Recommended." In its product assessment Zenith said the funds are well-managed, providing international ...

Perennial Australian equity trust rated by Lonsec

MARK SMITH  |  WEDNESDAY, 3 DEC 2014
Perennial Value's Wealth Defender Australian Shares Trust has been given a "Recommended" rating by Lonsec. The rating follows an earlier 'Recommended' rating from Zenith Investment Partners. The Wealth Defender trust is listed on the BT Wrap, Asgard ...

Lonsec awards 'Recommended' rating to property ETF

LAURA MILLAN  |  MONDAY, 1 DEC 2014
The Market Vectors Australian Property Exchange Traded Fund (ETF) has been awarded a 'Recommended' rating by Lonsec. Lonsec highlighted the fund's use of a capped-weighted methodology and the ability to access the largest and most liquid Australian ...

Inflows from overseas double in four years

MARK SMITH  |  TUESDAY, 25 NOV 2014
... opportunity to build on the existing flows of funds from these countries. "It is critical that the remaining tax changes recommended in the Johnson Report are implemented so Australian fund managers can take full advantage of the these free trade agreements ...