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| | | 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 ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | 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. ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | "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 ... |
| | | | 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 ... |
| | | | 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 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 ... |
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