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Showing 1371 - 1380 of 2989 results for "ARRA"

Productivity Commission proposes default super overhaul

EMMA RAPAPORT  |  WEDNESDAY, 29 MAR 2017
The Productivity Commission has released its anticipated draft report on alternative default models in superannuation, looking at ways to introduce more competition in a system where members do not exercise fund choice. The commission has developed ...

'Retire ready' is more than a large super balance

EMMA RAPAPORT, STEPHEN FAY  |  THURSDAY, 23 MAR 2017
Satisfaction in retirement is a function of more than financial security, with other factors equal or more powerful in driving overall satisfaction, according to presenters at this years' Conference of Major Super Funds. At a session on retirement and ...

CSC renews $40bn custody mandate

ALEX BURKE  |  WEDNESDAY, 22 MAR 2017
The Commonwealth Superannuation Corporation has renewed custody arrangements for its $40 billion in funds under management. Northern Trust (NTC) has overseen custody and investment administration for the government employee and Australian Defence Force ...

PIMCO unitholders approve $10bn RE transaction

ALEX BURKE  |  MONDAY, 20 MAR 2017
PIMCO unitholders have voted overwhelmingly in favour of the manager internalising responsible entity services for over $10 billion in funds under management, representing one of the largest RE transitions in Australian history. Just five months ago ...

Workers' retirement angst growing

KARREN VERGARA  |  MONDAY, 20 MAR 2017
A growing number of Australians are not prepared for retirement, while those already retired fear of outliving their savings, the latest research from Investment Trends shows. According to the 2016 Retirement Income Report, 44% of the 6987 surveyed ...

Past Morgan Stanley adviser hit with permanent ban

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2017
A former Morgan Stanley Wealth Management adviser was permanently banned for failing to act in the best interests of clients and providing inappropriate advice. Employed by Morgan Stanley between January 2013 and May 2015, Andrew Peter Panayiotides ...

Super industry accepts group insurance needs work

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
Several superannuation industry groups recognise there is work to be done to reduce the erosion of member account balances through group life insurance. This recognition comes from the newly-formed Insurance in Superannuation Working Group (ISWG), which ...

CBA Group Super CIO retires

DARREN SNYDER  |  MONDAY, 6 MAR 2017
The chief investment officer at Commonwealth Bank Group Super is retiring after more than 20 years' service at the corporate superannuation fund. Following 38 years' service with CBA, Gerard Parlevliet will retire from the banking group before the end ...

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
Australians are missing out on thousands in retirement savings due to confusing superannuation products according to consumer advocacy group CHOICE. In their submission to the Parliamentary Inquiry into the Life Insurance Industry in Sydney and Melbourne ...

BT Panorama adds super and insurance

ALEX BURKE  |  MONDAY, 27 FEB 2017
Investors in BT Financial Group's Panorama platform will now be able to integrate their superannuation and life insurance arrangements. Advisers using BT Panorama can now seamlessly move clients from accumulation to pension phase; track contributions ...