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| | | Superannuation funds with MySuper products should be allowed to extend their default offering into retirement, and should include annuities in that offering, Challenger has told the Financial System Inquiry (FSI). In its second submission to the FSI ... |
| | | | Cbus has today launched its member direct investment (MDI) option, Cbus Self Managed, in a move to provide an alternative to self-managed superannuation funds (SMSFs). The option gives members access to ASX 300 listed companies, 16 Exchange Traded Funds ... |
| | | | The majority of businesses would fund a rise in the superannuation guarantee (SG) out of their own - not their employees' - pockets, according to survey commissioned by industry fund Sunsuper. This contradicts Tony Abbott's claim last week that the ... |
| | | | Inflows to the total risk market grew 11.4% from $11.8 billion to $13.2 billion in the 12 months to 30 June, newly published data from Plan For Life shows. The group risk sub-market showed the strongest growth with inflows up 19.1%. This was driven ... |
| | | | Two thirds of investment executives are losing sleep over changing government regulation, according to BNP Paribas Securities Services' 'Asset Administration & Custody Review'. In a survey of 110 senior executives working in Australian asset management ... |
| | | | The share market is weaker as investors sit on the sidelines ahead of important economic events overseas. Most sectors of the market were lower at noon, and trading volumes were down. Investors are waiting for a meeting of the European Central Bank ... |
| | | | Financial advisers' effort to improve business efficiency in the context of the Future of Financial Advice (FoFA) has paid off, as new research shows that practice profitability has gone up in the last year. Financial planners are serving more clients ... |
| | | | ...and a but, but here, and a but, but there, everywhere a but, but. Looks like I'm not the only one who likes my buts around here. There were 'buts' a-plenty after the Australian Bureau of Statistics (ABS) released this "lucky country's' economic scorecard ... |
| | | | The share market is flat as gains by the big four banks offset weakness in the resources sector. Morgans private client adviser Alistair McCorquodale said the market was holding up well given a weak lead from Wall Street. The mining sector's weakness ... |
| | | | The government's decision to hold off raising the superannuation guarantee will cost young people tens of thousands of dollars in retirement savings, according to figures released by Industry Super Australia. A 25-year-old on $40,000 a year will miss ... |
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