Time to move beyond "cheap and generic" retirement products: MillimanBY ALEX BURKE | WEDNESDAY, 7 MAR 2018 12:55PM
Milliman practice leader Wade Matterson thinks the Australian wealth industry should be called to account for creating a raft of "very cheap, generic retirement income products based on a lot of averages."Read more: Milliman, HILDA, Wade Matterson, Retirement ESP, Jeff Gebler, Association of Superannuation Funds of Australia, Blacktown, Financial Standard, Household Income, Labour Dynamics, Mosman, Opportunity, Profiles Report, Retirement Standard
An activist short seller that accused an ASX-listed agricultural fund of running "scams" was dealt a blow in a Supreme Court judgment handed down yesterday.
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour.
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out.
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