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Showing 10311 - 10320 of 19601 results for "RIS"

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
David Murray has recommended that the MySuper system be replaced by a default fund auction process similar to the Chilean model if fees do not come down considerably by 2020. The Financial System Inquiry final report has argued that superannuation fees ...

Banks should hold more capital: Murray

AAP  |  SUNDAY, 7 DEC 2014
Australian banks should be forced to hold more capital to minimise their risk of failure and improve competition, the Financial System Inquiry has found. The final report of David Murray's blueprint for the future of Australia's financial system, released ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

NAS loses another super fund

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
NAB Asset Servicing (NAS) has lost another super fund client, with TWUSUPER switching custodians to BNP Paribas Securities Services. The $3.9 billion fund is the latest in a string of super funds, including QSuper, Sunsuper and Cbus, to take their business ...

Epoch funds get upgrade from Zenith

ALICE URIBE  |  FRIDAY, 5 DEC 2014
Zenith Investment Partners has upgraded the Grant Samuel Epoch Global Equity Shareholder Yield Funds, hedged and unhedged, from "Recommended" to "Highly Recommended." In its product assessment Zenith said the funds are well-managed, providing international ...

ECB came bearing no pre-Xmas cheer

BENJAMIN ONG  |  FRIDAY, 5 DEC 2014
"Maybe this year, maybe next year, maybe never I'm confessing That I'm guessing all the time." Edna Savage's immortal 1959 classic "Maybe This Year" provides an apt background song heading into last night's European Central Bank (ECB) Governing Council ...

Market Wrap AM

AAP  |  FRIDAY, 5 DEC 2014
The Australian market looks set to open flat after Wall Street fluctuated, not moving far from its previous records after the ECB stopped short of announcing new stimulus measures. At 0848 AEST on Friday, the December share price index futures contract ...

Insurance inflows up 12.9% in a year

LAURA MILLAN  |  THURSDAY, 4 DEC 2014
Risk market inflows were up 12.9% for the twelve months to September 2014, with most companies reporting increases in business. Plan for Life figures for the September 2014 quarter show that total inflows went from $12.4 billion last year to $14 billion ...

Altius launches ethical bond fund

MARK SMITH  |  THURSDAY, 4 DEC 2014
Altius Asset Management has launched a new sustainable bond fund designed to align with investors' social values without compromising investment returns over the long-term. The Altius Sustainable Bond fund invests in a diversified portfolio of Australian ...