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Showing 1 - 10 of 12 results for "Better System"

Wealth managers bracing for compensation claims

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
A rise in compensation claims from clients is expected over failure to understand risk suitability and will lead to tougher regulation, research suggests. New research from Oxford Risk revealed 58% of wealth managers, who collectively manage assets ...

Defined benefits robbed women: Kelty

ELIZABETH MCARTHUR  |  FRIDAY, 25 OCT 2019
... 30% access to super but 5% got it. Our funds, our system was designed to ensure women had equality and had a much better system than they had before." He was clear that while the current super system offers women a better deal, it is far from perfect. ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
Following today's round of hearings for the Royal Commission, the Finance Sector Union of Australia (FSU) noted that "banks had better systems in place to track incoming revenue than to make sure customers had been given the ongoing advice they were ...

CBA chair defends executive bonuses

KARREN VERGARA  |  MONDAY, 23 OCT 2017
The Commonwealth Bank is standing by the way it rewarded bonuses to senior executives between 2015 and 2016, the period it was made aware of potential anti-money laundering and counter-terrorism law breaches, a public inquiry has found. Commonwealth ...

Asset managers tested, remain optimistic: Research

KARREN VERGARA  |  FRIDAY, 6 OCT 2017
Following years of high profit margins and revenues rising parallel to AUM growth, majority of asset managers remain undeterred about the radical changes sweeping the industry, latest research shows. About 78% of global asset managers canvassed in State ...

Super rules for women still unclear

DARREN SNYDER  |  MONDAY, 25 MAY 2015
... Superannuation Funds of Australia (ASFA) released a report, The future of Australia's super: a new framework for a better system, and Greens MP Adam Bandt took up one of its recommendations by introducing The Sex Discrimination Amendment (Boosting Superannuation ...

ASFA launches blueprint for post-retirement system

JAMES FERNYHOUGH  |  THURSDAY, 13 NOV 2014
... paper that sets out a framework for building an effective post-retirement system. Entitled A New Framework for a Better System, the paper argues for an opt-out MyPension product for default members, as well as compulsory disclosure income stream projections. ...

SG increase the key to global pension top spot

ELISE BURGESS  |  WEDNESDAY, 12 OCT 2011
Australia's pension system has been rated second in the world, behind the Netherlands which secured first place with its action on SG increases and raising the retirement age. According to the 2011 Melbourne Mercer Global Pension Index, Netherlands ...

Industry funds, independent platforms stand up for FOFA reforms

ALISON BEVEGE  |  WEDNESDAY, 1 JUN 2011
... announced package," he wrote. "Those pushing these measures, aimed at delivering a poorer system for consumers but a better system for themselves, should expect a counter-response to further strengthen the package." Connie McKeage, chief executive of ...

Superpartners to push for paperless super admin

MICHELLE BALTAZAR  |  THURSDAY, 11 DEC 2008
... the past five years, in tandem with the growth of the industry super fund sector, hence the need for a bigger and better system. To date, Superpartners services around six million members and 700,000 employers. That means processing about $1 billion ...
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