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Showing 81 - 90 of 281 results for "FSI"

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 ...

FSI must lift value in super system: AVCAL

DARREN SNYDER | WEDNESDAY, 8 APR 2015

Australian Private Equity and Venture Capital Association Limited (AVCAL) has called on the federal government to lift the value of Australia's superannuation system and retirement incomes. The call comes as one of four key issues raised by AVCAL in ...

ClearView predicts end of independent financial advice

ALEX BURKE | WEDNESDAY, 1 APR 2015

The recommended restrictions and levelling of commission levels and upfront payments in the FSI and Trowbridge reports could drive independent advisers completely out of business, according to ClearView's FSI submission. The submission suggested that ...

FSI submissions close

DARREN SNYDER | TUESDAY, 31 MAR 2015

Public submissions on the federal government's Financial System Inquiry Final Report close today. Provided about four months to comment, it is expected all financial service sectors will contribute their thoughts on the government's 44 recommendations ...

Competition for annuities likely to remain low

LAURA MILLAN | FRIDAY, 27 MAR 2015

... insurers, "are not in a position to compete in the near term." The report said that following the Financial System Inquiry (FSI) recommendations, "the banks currently have capital constraints and have recently experienced losses and low returns in their ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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