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Showing 1791 - 1800 of 4851 results for "Super funds"

Actuaries Institute welcomes retirement income reforms

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
... this level, members are likely to already have longevity protection for at least 80% of their retirement income." Super funds must develop a retirement income strategy for members by 1 July 2020, with the introduction of a retirement income covenant ...

Major shareholders defy proxy advisers: Research

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
... according to new research. The annual Link AGM Snapshot report showed a drop in the influence of proxy advisers, with super funds voting in line with proxy advisers 42.7% of the time and investment managers 25.1%. The report covers the voting outcomes ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
... the advice was given." However, in 14 of the 15 calls, the law was breached by the implication that the rollover of super funds into a BT account was recommended. While not dishonest, the product advice was not provided efficiently, honestly and fairly ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
... safeguards were definitely required removing the provisions completely was not necessary," he said. "Regardless, Industry super funds will strive to ensure default insurance arrangements remain cost effective and matched to the insurance needs of members ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... their default superannuation fund; with the Government acting on Commissioner Hayne's finding that some large super funds spend "not insignificant amounts" on the practice. Additionally, the Government will move to extend civil penalties to superannuation ...

ACSA creates managed fund taskforce

HARRISON WORLEY  |  MONDAY, 11 FEB 2019
... participants - from both the perspectives of fund manufacturers and investors - have identified wealth platforms, super funds and individuals as "key blockages." The focus of the taskforce is set to be determined in accordance with pain points identified ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... they hang up their boots. That's a difference of $567,000. This is because the MySuper options from different super funds can perform differently. As an example, the best-performing default fund hit 7.4% per annum while the worst one only hit 3.2% ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... In separate recommendations, Hayne asked for the banking executives accountability regime (BEAR) to be extended to super funds and insurance. Under it, superfunds would have to nominate an accountable person to the regulators. "It would be prudent to ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... addressing conflicts of interest. Industry Super Australia said the structure of the industry and other profit-to-member super funds has avoided such conflicts resulting in "scarce evidence of misconduct or conduct falling below community expectations." ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... consider it would be in their interests to move funds, they can do so," he said. Board representation Regardless of how super funds nominate or select directors, Hayne's main recommendation is that all directors must meet the best interests obligation. ...