Nettet6. feb. 2024 · The government must pursue insurance legacy product rationalisation more ... vigorously," Actuaries Institute president Jenny Lyon said in its 2024 pre-budget submission to Treasury. ... Nettet7 ONGOING RATIONALISATION ISSUES 319 7.1 Legacy products 319 7.2 Capital gains tax relief 321 7.3 Particular products 321 7.4 Member protection 322 8 ELIGIBLE ROLLOVER FUNDS 323 8.1 Background 323 8.2 ERFs and choice architecture model 324 9 SUPERANNUATION COMPLAINTS TRIBUNAL 325 9.1 90‑day time limit 326 …
As one of Australia’s leading superannuation fund ... - Treasury
Nettet7. des. 2014 · Downloads. Financial System Inquiry Final Report 4.81 MB. Financial System Inquiry Final Report – navigation tool 184.2 KB. Fact Sheet: Competition 924.66 KB. Fact Sheet: Consumer outcomes 138.12 KB. Fact Sheet: Inquiry process 104.51 KB. Fact Sheet: Funding 94.85 KB. Fact Sheet: Innovation 789.2 KB. Fact Sheet: … Nettet24. jul. 2024 · Achieving an integrated payments ecosystem. Key regulatory changes and the rise of open banking have led to big changes in the global payments space – and rationalisation and integration are at the core of those changes. Nash Riggins explores the benefits of integration and what key players are able to offer corporates in order to … arumi bachsin emil dardak
FSC calls on government to end legacy products - ifa
NettetThe proposed rationalisation process is intended to provide customers holding a financial product, subject to the rationalisation process, with a fair and equitable outcome. Our proposal was sent to the Treasurer in July 2005 and has been shared with Treasury, the regulators and other stakeholders — and so far the concept for reform has ... Nettet10. apr. 2012 · The process phases out economically inefficient older financial products, or ‘legacy products’, by transferring investors into newer, more efficient products. In 2009-10, the Treasury released a proposals paper to consult with stakeholders about a proposed product rationalisation framework for superannuation products, managed … Nettetpenalties (the numerous reasons for product lock-in are detailed in Section 4.3 below). Acknowledging this problem, the Government some time ago (2015) announced it would implement a comprehensive product modernisation (or product rationalisation) scheme for legacy products in financial services. The FSC is urging the Government to … banff park in canada