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Lower returns but higher balances for SMSFs

JAMIE WILLIAMSON  |  MONDAY, 18 SEP 2017
... Douglas McBirnie, said: "The upshot for the average SMSF household approaching retirement is that their improving balance has not been able to keep up with the increased cost of meeting their desired lifestyle in retirement." This is largely due to an ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
... building a base for their retirement savings," Kerlin said. "Given that they are often on relatively low incomes, the fund does not want to see undue account erosion because of insurance that may actually be of very limited value to them." Kerlin noted ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...

The British pound's sterling reversal

BENJAMIN ONG  |  MONDAY, 18 SEP 2017
... Japanese yen - and to a two-month high against the strengthening euro - at the close of last week's trading. And no, it's not because of what the Bank of England (BOE) did at the monetary policy council's 14 September meeting - it kept policy unchanged ...

Setting the active record straight

ALEX BURKE  |  MONDAY, 18 SEP 2017
... by saying that "unlike other commonly available comparison reports, SPIVA Scorecards account for the entire opportunity set-not just the survivors-thereby eliminating survivorship bias." As Hobson put it: "If an active manager has gone out of business ...

Impact investment in real-time

DARREN SNYDER  |  MONDAY, 18 SEP 2017
... single-access means of impact investing through a variety of direct and tax efficient wrappers, Barclays said. It said it is not an "ethical" fund that negatively screens investments on moral/ religious values. Barclays will provide reporting on overall ...

Managed accounts demand dominates platform market

KARREN VERGARA  |  SUNDAY, 17 SEP 2017
... regularly and in better ways, he added. Interestingly, advisers noted the main benefits gained in using managed accounts is not to make money for themselves, rather to do their jobs better and deliver better outcomes for clients, Dunnin said. He forecasts ...

The risk of under-insurance is real: ASFA

EMMA RAPAPORT  |  FRIDAY, 15 SEP 2017
... Information director of data and head of superannuation research Stephen Fay's blog: Does group insurance need to be sold and not bought?

Why managed accounts need a 'no exceptions policy'

KARREN VERGARA  |  FRIDAY, 15 SEP 2017
... benefits of switching and that "this is the way the business is going" and by simply having a "no exceptions policy" in place. Not having a clear idea about these conversations will only leave staff and clients "very confused" as the first six months ...

Superannuation gets another makeover

EMMA RAPAPORT  |  FRIDAY, 15 SEP 2017
... funds will be strengthened, enabling the regulator to take preventative or corrective action where they find that a fund is not acting in the best interests of members. "Given the compulsory nature of superannuation, Australians rightly expect superannuation ...