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Showing 981 - 990 of 1814 results for "Regulation 2014"

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
The Australian Securities and Investments Commission (ASIC) asked the Financial System Inquiry (FSI) to consider changing the regulator's funding model to one partly based on fee for service. In a submission to the Murray inquiry, ASIC proposed to charge ...

APRA requests more decision-making power

JAMES FERNYHOUGH  |  MONDAY, 7 APR 2014
The Australian Prudential Regulation Authority (APRA) has used its submission to the Financial System Inquiry to call for increased independence from government. APRA's submission argues that it needs more freedom to regulate the banking, superannuation ...

Government will go ahead with FoFA changes: Ciobo

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
The government has reaffirmed its commitment to follow through with its amendments to the Future of Financial Advice (FoFA) reforms, despite putting the changes on hold last week. Speaking at an event hosted by the Financial Services Council, Parliamentary ...

Life insurers need more 'wise old heads': APRA

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
The life insurance industry needs more 'wise old heads' to provide an historical perspective and avoid falling into the same traps, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Laughlin said that ...

ASFA and AIST push for tighter regulation of SMSFs

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
Two of the major superannuation industry bodies have used their submissions to the Financial System Inquiry to call for tighter regulation of the self-managed superannuation funds (SMSF) sector. Both the Association of Superannuation Funds of Australian ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
The Institute of Chartered Accountants Australia (ICAA) has said that the current practice of individual financial advisers operating under the Australian Financial Services Licences (AFSLs) of institutions could result in a decline of competition and ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
Commonwealth Bank (CBA) is asking the Financial Systems Inquiry to remove super from awards and to amend legislation so employers can select any MySuper product as the default fund for their employees. In a submission to the Murray inquiry, CBA said ...

FEATURE: Facing the perfect storm

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
Australia's life insurance sector has experienced an increase in claims and policy lapses in the last few years. The confluence of factors pressuring the group and retail insurance market has created a perfect storm that has seen insurers' profits plummet. ...

Wealth management sector key to Australian growth: Deloitte

MARK SMITH  |  THURSDAY, 27 MAR 2014
The wealth management sector is among the list of top five most important industries to lift Australia's growth trajectory over the next 20 years, according to new research from professional services firm Deloitte. Along with gas, agribusiness, international ...

FoFA uncertainty presents good buying opportunity

JAMES FERNYHOUGH  |  THURSDAY, 27 MAR 2014
The uncertainty over the regulation of financial advice over recent years has presented small cap investors with a good buying opportunity, according to NovaPort Capital portfolio manager Sinclair Currie. After weeks of continued debate over the Future ...