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Showing 81 - 90 of 275 results for "FSI"

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 ...

Degrees don't ensure good financial advice

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
The FSI recommendation for advisers to hold a "relevant tertiary degree" in order to raise minimum competency standards will not ensure good advice and may drive established advisers out of the system, according to Australian Institute of Company Directors ...

ASIC penalties 'like being hit with a lettuce leaf': Murray

LAURA MILLAN  |  WEDNESDAY, 25 MAR 2015
... with ASIC don't see much of a problem" with penalties. "But we've got a different opinion on this," he said, referring to the FSI committee. "There isn't a serious problem with the Wallis architecture. The issue is whether the agencies themselves are ...

Actuaries Institute demands long term policy focus

ALEX BURKE  |  MONDAY, 23 MAR 2015
The Actuaries Institute recommended increased policy focus on retirement income in its final FSI submission. The submission emphasised the issue of existing regulatory barriers to improving Australia's retirement income system, arguing that a legislative ...

APRA shakes up executive team, addresses super conflicts

ALEX BURKE  |  FRIDAY, 20 MAR 2015
... Representatives Standing Committee on Economics, outlining APRA's current objectives. He discussed lending standards for housing, FSI recommendations, private health insurance and conflicts of interest in superannuation. On the final point, Byres noted ...

IGR proves current welfare level is unsustainable: FSC

LAURA MILLAN  |  FRIDAY, 6 MAR 2015
... "With Australia's annuity market representing 0.3% of GDP, compared with more than 15% in the United States according to the FSI report, we've clearly got some catching up to do in providing longevity risk protection to super fund members."

Borrowing magnifies risk: David Murray

ALEX BURKE  |  MONDAY, 2 MAR 2015
FSI chair and former CBA chief executive David Murray clarified his position on borrowing in super at the Switzer Leadership Lunch in Sydney. Arguing that the media had misrepresented his views, Murray explained that the FSI recommended that superannuation ...