Three must-reads to understand what the FSI’s findings mean for the broker channel
Three must-reads to understand what the FSI’s findings mean for the broker channel
The final report of the long-running Financial System Inquiry (often referred to as the Murray Inquiry) was released yesterday. At 320 pages, it’s hardly light morning reading – but it is essential reading.
MPA has picked out the best explanations of what the report means for you:
The digital side of the Australian Broker magazine is running a range of articles specifically for brokers – from the FSI’s recommendations on brokers reporting ownership to SMSF borrowing and bank risk weighting, with more on the way (disclosure: MPA and Australian Broker are part of the same publishing house).
p. 271 – where the report recommends disclosure ownership structures and re-defining the term ‘general advice’
pp. 223-6 – where the report talks about education standards in broking and financial planning
p. 86 – where the report outlines recommendations regarding SMSF borrowing
p. 60 – the FSI’s recommendations when it comes to bank risk-weighting
The final report of the long-running Financial System Inquiry (often referred to as the Murray Inquiry) was released yesterday. At 320 pages, it’s hardly light morning reading – but it is essential reading.
MPA has picked out the best explanations of what the report means for you:
Australian Broker Online
The digital side of the Australian Broker magazine is running a range of articles specifically for brokers – from the FSI’s recommendations on brokers reporting ownership to SMSF borrowing and bank risk weighting, with more on the way (disclosure: MPA and Australian Broker are part of the same publishing house).Digital Finance Analytics
If you want to get more into technical detail, finance expert Martin North’s blog is an invaluable resource. North has summarised the recommendations but perhaps most useful are his ‘reflections’ on what the FSI report really means.The report itself
To go beyond media interpretation, we advise you read parts of the report for yourself. In particular we recommend:p. 271 – where the report recommends disclosure ownership structures and re-defining the term ‘general advice’
pp. 223-6 – where the report talks about education standards in broking and financial planning
p. 86 – where the report outlines recommendations regarding SMSF borrowing
p. 60 – the FSI’s recommendations when it comes to bank risk-weighting
