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| | | Australians should not be able to be defaulted into or even be able to choose to enter an underperforming superannuation fund, according to AustralianSuper chief executive Ian Silk. Appearing before the House of Representatives Standing Committee on ... |
| | | | Australia's biggest super fund has been crowned fund of the year at this year's Rainmaker SelectingSuper awards in Melbourne this morning. The $167 billion AustralianSuper took home the coveted title. Rainmaker executive director of research ... |
| | | | ... licensee, Paragem managing director Nathan Jacobsen said. Selecting the right licensee is a key business decision and can make a big difference to the future of an adviser's practice," he said. "Advisers are right to take their time, ask uncomfortable ... |
| | | | ... strong, confident advisers right now going out on their own is actually a better business proposition," Shade said. "Where the big institutions used to offer something, they're now a bit of a burden. They can stand in the way of good advisers giving ... |
| | | | A $70 billion industry fund has hired State Super's former chief investment officer who left the fund in December last year. Sunsuper has appointed Richard Hedley as a portfolio manager for private markets. He started in the role earlier this month. ... |
| | | | The co-founder of iPac Securities believes the issues that saw the big banks exit wealth management will pale in significance to future failures he expects will come as a result of "fringe" advice groups. Appearing at the ASFA Conference in Melbourne ... |
| | | | ... protection cover, they could be paying significantly more. "Within income protection the waiting periods make a really, really big difference in terms of premiums," Ross said. "So, you can get defaulted into a 30, 60 or 90-day waiting period. If you ... |
| | | | ... allows for "nimbleness" or room for new ideas such as alternatives in the form of private equity, he says. Alternatives are "big bite-sized" investments that span over a 10-year time horizon, which in turn requires guiding clients through an education ... |
| | | | ... was an issue in the US - with people withdrawing or taking loans from their retirement savings - but not the biggest. "The big problem is people have many, many jobs during their career. Each time, they have the opportunity to take their money out. It's ... |
| | | | ... offer to access their pension pot early. FCA executive director of enforcement Mark Steward said: "We know many people have big plans for their retirement, whether it's seeing new places, learning new skills or helping their families out financially. ... |
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