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Showing 1441 - 1450 of 7331 results for "Life"

QSuper merger update, fee cuts

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
QSuper has assured members they will shortly feel the benefits of scale in the form of fee cuts, after it merges with Sunsuper to create Australian Retirement Trust. The $133 billion QSuper will merge with $90 billion Sunsuper on February 28. The QSuper ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... the three Commonwealth superannuation funds and APRA. "This 'Smart Default' fund will make a huge impact on the quality of life for Australians entering retirement because it will boost their retirement balances by, on average, at least 35%," he said. ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... in outcomes between a top product and an underperforming one can amount to hundreds of thousands of dollars over a working life." Of the 76 MySuper products assessed by APRA, 13 of them failed the test (as announced in August 2021). These products were ...

Mine Super refreshes investment options

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
The $11.2 billion superannuation fund Mine Super announced a suite of changes to its investment menu, which includes offering two new options to members. The options, Balanced and Indexed Defensive, launched on 20 December 2021. The Balanced option ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

Pension scheme, UBS divest energy companies

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... the need for immediate action. The prospect of a 2.4C global temperature rise will cause dramatic changes to our ways of life and businesses need to be preparing now to remain profitable and successful," Nest's senior responsible investment manager Katharina ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... underscored the importance of ensuring consumers can access affordable financial advice that considers their investment and life insurance needs. In response to the latest installment of the heatmaps initiative, acting chief executive of the Financial ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... will undertake a review three years after it commences. "This standard demonstrates that when policy settings change, the life insurance and superannuation sectors will take proactive steps to protect consumers. The FSC is very pleased to be working ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... considered scaled, intra-fund or limited in scope. Many other hot topics for the industry are on the table for review - including life commissions, annual renewal, safe harbour and disclosure requirements including Statements of Advice.

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The financial advice industry lost more than 2200 advisers this year, marking an 11% year-on-year drop to 18,822. Rainmaker modelling of ASIC's Financial Adviser Register reveals that only 18,822 advisers are left as of yesterday, December 16. At ...