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Showing 101 - 110 of 228 results for "Millennial"

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... direct result of implementing the package, bringing the efficiency of the reforms into question. But others, such as millennial-targeted Future Super, dispute this. According to founder Adam Verwey, many in the sector have missed the point of the reforms. ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
The amount of premiums group insurers charge have outweighed benefit payments by a whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers ...

Millennial super products still just hype

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
... products available while the rest have attracted less than $1.6 billion from about 71,000 members. "Despite the fanfare millennial disruptor superannuation receive they nevertheless make up a very small portion of the superannuation market," Rainmaker ...

Compulsory super detrimental: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 MAY 2019
Compulsory superannuation is detrimental to many people and a voluntary super system would provide greater benefit, according to new research. The Centre for Independent Studies (CIS) believes voluntary super would be superior to the current compulsory ...

FCA stokes intergenerational wealth debate

HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
The Financial Conduct Authority published an intergenerational wealth discussion paper in the hopes of igniting debate over how the financial services industry should respond to the nation's shifting demographics. The discussion paper poses a series ...

Spaceship searches for new chief

KARREN VERGARA  |  TUESDAY, 21 MAY 2019
Startup superannuation fund Spaceship is shaking up its management structure and is on the hunt for a new chief. Chief executive and co-founder Paul Bennetts will become chief product officer, a new role that was created as part of the super fund's ...

Call for super funds to divest gambling interests

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
Australian Ethical has launched a new campaign to try to prompt Australians to consider whether they like the idea of their superannuation savings funding the gambling industry. Australian Ethical research found some of Australia's largest super ...

Financial adviser salaries revealed

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2019
As the fallout from the Royal Commission continues, financial adviser's salaries are being scrutinised. According to the latest Financial Adviser Salary Guide from Kaizen Recruitment, a senior financial adviser with more than 10 years' experience and ...

Younger HNWs splashing on art

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... was 50 years or older in the US, in Asian countries they were much younger. In Singapore, 46% of the respondents were millennial collectors. When combined with Gen X and Gen Z accounted for 91% of collectors. In Hong Kong, millennials were 39% of the ...

AUM growth subdued to 2025: Bloomberg

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
New research from Bloomberg suggests fee margins of global asset managers will drop 11% over the next six years. Most of the 1950 global asset managers surveyed in the Asset Management Outlook to 2025 provided conservative AUM growth forecasts over ...