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Showing 1401 - 1410 of 3180 results for "ACTU"

Future Fund investment mandate revised

DARREN SNYDER  |  THURSDAY, 25 MAY 2017
From 1 July the Future Fund will have an investment mandate that targets a return of CPI plus four to five per cent. Overnight the Federal Government registered a revised investment mandate for the Future Fund, better reflecting global investment market ...

Australia ranks fifth for financial literacy

ALEX DUNNIN  |  THURSDAY, 25 MAY 2017
Australia's school education performance against global benchmarks in mathematics, reading and science may be falling but their financial literacy performance is strongly above average, ranking fifth from 15 countries. According to a statement released ...

Default retirement products not good enough: Milliman

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
Superannuation funds that don't get to know members better ahead of designing a Comprehensive Income Product for Retirement are putting themselves at risk of severe reputational damage. That is the view of risk management and retirement experts Milliman ...

Big banks pay $60m in advice refunds

ALEX BURKE  |  MONDAY, 22 MAY 2017
AMP, ANZ, CBA, NAB and Westpac have to-date repaid $60 million out of an estimated $204 million for charging clients for financial advice that was not provided. This news follows the October 2016 release of ASIC's report into the advice businesses of ...

Reporting overhaul to hit insurer profits

KARREN VERGARA  |  MONDAY, 22 MAY 2017
More than 450 listed insurers' bottom lines will be significantly affected by a new global accounting standard overhauling how premiums and claims are reported. Under new international accounting standard IFRS 17 Insurance Contracts, a life insurance ...

Senior ATO official tangled in $165m fraud scandal

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
One of the Australian Taxation Office's most senior and long-serving officials is expected to be charged in relation to an Australian Federal Police investigation into an alleged $165 million tax evasion syndicate. Deputy tax commissioner Michael Cranston ...

Boutique fund joins Bennelong suite

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2017
The number of boutique funds under the Bennelong Funds Management umbrella is expanding, with three asset management experts partnering to create a new business focused on retirees. Bennelong has teamed up with Alastair MacLeod, Sam Jacob and Andrew ...

First home buyers: Devil is in the detail for super funds

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
Asset consultants and industry associations alike are applauding the introduction of the First Home Super Savers Scheme which they say will help young people to get a foothold in the property market. The scheme, announced as part of the Federal Budget ...

Downsizing measures present advice opportunities

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
Financial planners will have an easier time preparing for and sustaining clients throughout retirement thanks to new measures for retirees wishing to downsize the family home. It also presents a number of advice opportunities. The Federal Budget proposes ...

Asia-Pacific needs more retirement income specialists: Milliman

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
Populations in East Asia and the Pacific are ageing faster than other regions in the world but many nations are yet to develop comprehensive retirement income systems. Global consulting and actuarial firm Milliman said across the Asia-Pacific consumers ...