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Showing 1491 - 1500 of 4879 results for "FAR"

Defined contribution: A global perspective

HARRISON WORLEY  |  THURSDAY, 14 NOV 2019
... non-means tested pension, savings through KiwiSaver and their own assets - had led the nation down a separate path to Australia so far. With just $60 billion in KiwiSaver at the moment, Klipin said New Zealand would probably consider itself a nation ...

Trustee firm expands into fund administration

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... processes supported by capable and efficient customer service and member administration staff." Administration in Australia is far too manual and more expensive than in many other nations, he added. According to Sargon, the system will "seamlessly integrate ...

BDM pay healthy despite headwinds

ELIZABETH MCARTHUR  |  TUESDAY, 12 NOV 2019
... industry has revealed those working in institutional funds management are paid the most while those at life insurers can expect far less. A senior BDM in institutional funds management can expect to take home between $220,000 and $320,000. A junior business ...

Calls for clarity on personal advice in DDO

KANIKA SOOD  |  MONDAY, 11 NOV 2019
... clients." Personal advice definition The FSC also thinks DDO's amendment to the definition of "personal advice" does not go far enough. Under current definition of personal advice in DDO, product issuers and distributors are exempt from DDO when they ...

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... million in superannuation savings for about 14,000 electrical industry employees at the end of last financial year. It has so far provided income protection insurance to members through Hannover. Starting end of this month, NESS will switch income protection ...

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... comparability and consistency of the industry's reported data. It will have a specific focus on the choice segment, which so far has not been subject to the same level of data collection as MySuper products. Australian Institute of Superannuation Trustees ...

Antares portfolio manager moves to LIC

KANIKA SOOD  |  THURSDAY, 7 NOV 2019
A portfolio manager on MLC's Antares Equities business has taken on a new role at a $7.7 billion listed investment company. Brett McNeill managed the Antares listed property fund and was the deputy for the Antares dividend builder fund. He left in July ...

Chief economist update: The yen to dictate if BOJ turns words into action

BENJAMIN ONG  |  THURSDAY, 7 NOV 2019
... from 48.9 in September) and the first contraction in the services sector (down to 49.7 from 52.8) since September 2016. So far so good, the BOJ is, in Bruce Lee's words, fighting (the currency war) without fighting. The yen's recent depreciation ...

Chief economist update: RBA holds but for how long?

BENJAMIN ONG  |  WEDNESDAY, 6 NOV 2019
... rhyme with the governor's words just a month before the RBA's first of three interest rate reductions this year (so far) - and even more optimistic. On May 7, Governor Lowe said: "The central scenario is for the Australian economy to grow by ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... Accounting, State Advice, Harvest Income, FitNActive8, De Lloyd and D P Loewy & Co all closed up shop according to the ASIC FAR. Meanwhile, a total of 26 single adviser licences ceased between July and October.