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Showing 121 - 130 of 387 results for "Retail super"

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... interests," the report reads. Data collected by the Royal Commission indicates trail commissions for 11 of the largest retail super funds totalled more than $400 million in the 2016-17 financial year. Six of these same funds were also among those reporting ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... skills matrix, with a copy to be provided to APRA." Retail under pressure Modelling undertaken by the Commission shows retail super funds were constant underperformers compared to not-for-profit funds, which delivered returns above benchmarks. An analysis ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... average of 50% which had the effect of neutralising the fee advantage NFP funds once had over retail funds." For a retail super sector already reeling from the Royal Commission fallout, Dunnin said this could have a significant impact. "Forcing funds ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
... who are effectively left to fend for themselves," Scheerlinck said. "All sorts of arguments have been put up by the retail super sector as to why these things shouldn't happen when what they really fear is losing the easy profits to be made from consumers ...

Advice group rebuilds following regulatory headwinds

DARREN SNYDER  |  MONDAY, 26 NOV 2018
A financial advice group specialising in self-managed superannuation funds and residential property investment acknowledged it's hurt from recent regulatory burdens. However, there are opportunities afoot for the ASX-listed business, including an entry ...

Industry funds lead website experience

KANIKA SOOD  |  FRIDAY, 23 NOV 2018
Industry superannuation funds are providing members a better website experience than retail funds but retail wins when it comes to retirement calculators, the latest digital engagement study finds. IQ Group's fifth annual study on digital engagement ...

FSC moves to protect retail super from ALP 'tinkering'

HARRISON WORLEY  |  WEDNESDAY, 14 NOV 2018
... benefited from franking credit refunds in the 2015-16 financial year. According to responses to an FSC survey of 14 retail super funds, franking credit refunds could provide a $55,000 benefit to some fund members at retirement. Additionally, the survey ...

Super funds cut exposures to banks

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... stocks, owning about $30 billion worth at an average 22% of their equities portfolios. Together, not-for-profit and retail super funds own about 22% of Australia's banks, Rainmaker estimates. "Australia's super funds owning one fifth of the banks means ...

Retirement living advice is an opportunity: Challenger Financial Standard Technical Services Forum

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
On the back of the aged care Royal Commission recently announced, financial advisers should delve deeper into the retirement living conversation with clients, according to a technical services expert. Speaking at yesterday's Challenger Financial ...

Suncorp charged super members incorrect fees

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
The retail superannuation master trust charged incorrect fees to some of its members in the Suncorp Employee Super and Brighter Super funds and is working on remediating clients. Suncorp charged an incorrect investment fee to its members who joined ...