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Showing 1041 - 1050 of 3213 results for "CHOICE"

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... at all stages find the super system too hard to navigate, and do not know where to turn for help. "Members get excessive choice at the expense of less comparability, and even highly engaged and financially literate members struggle. Many would like more ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... statements: "Rivalry between funds in the default segment is superficial, and there are signs of unhealthy competition in the choice segment (including product proliferation)." "While some funds consistently achieve high net returns, a significant number ...

Regulators in Productivity Commission firing line

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
... the Government to legislate all APRA-regulated funds be required to undertake annual outcomes tests for their MySuper and choice offerings, with clear benchmarking requirements for all MySuper and choice investment options. The report said benchmarking ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... issue, the Commission wants workers to be defaulted once, if they do not have an existing super account and fail to make a choice of their own, it said. The shortlist would be compiled by an independent expert panel and assess the list every four years ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... reaffirms the strength of superannuation, but member advocates say the findings are wake up call to fix a broken system. CHOICE chief executive Alan Kirkland said the final report is a call for all political parties to fix an "outdated" system. The fact ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... data. It beats all other retail funds in employer lifestage super returns for a 40 year old over 3 year period: ANZ Smart Choice returned 6.2% p.a., Essential Super Employer returned 6% p.a. and Mercer SmartPath delivered 5.9% p.a. Colonial First State ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... costs of MySuper products with the fees and costs of superannuation held via a platform. Most bank-owned and other retail choice superannuation products are held through platforms," AIST chief executive Eva Scheerlinck said. Scheerlinck added the Royal ...

Joint venture to set new ETF standard

JAMIE WILLIAMSON  |  WEDNESDAY, 9 JAN 2019
... chief executive Damon Williams said the partnership is a win for Canadian investors. "Canadian investors deserve a level of choice, quality and cost competitiveness that is second to none - and that is what RBC iShares delivers. This exciting step forward ...

UK loses £800bn in assets amid Brexit fears

KARREN VERGARA  |  TUESDAY, 8 JAN 2019
... financial services leader Omar Ali said as things stand and as per regulatory expectations, financial services firms have no choice but to continue preparing on the basis of a no-deal scenario. "Deal or no deal, financial services companies' main ...

APRA lifts interest-only restrictions

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
... Anna Bligh said. "While banks will continue to lend prudently, today's decision will mean all banks can offer more choice for customers who are looking to buy a house or apartment. "Increased competition across the industry will mean customers have ...