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Showing 221 - 230 of 332 results for "Retirement Product"

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
Everything is political and especially so with the super-charged high stakes poker game on display in the Financial System Inquiry (FSI) where the battle lines were quickly drawn between financial product providers versus consumers. And after listening ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
Life insurer TAL has argued in favour of regulatory changes to income stream products in a detailed response to the Treasury's 'Review of retirement income stream regulation' discussion paper. TAL said that regulation "should be broadened to enable ...

Extend MySuper to retirement: ASFA

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
Regulation of superannuation should be designed for the whole of life, incorporating accumulation and retirement, if there is to be stability and product innovation, according to the Association of Superannuation Funds of Australia (ASFA). In its submission ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... second submission to the FSI, Challenger argued that disengagement and "behavioural biases" mean a default retirement product would make sense. "Many retirees are disengaged from the superannuation system; they lack sufficient financial literacy and ...

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
... money into an annuity without them knowing. "Guaranteed products are inflexible. You can't develop a default retirement product using an annuity as part of your base, because if you're members are unengaged and you plonk them into an annuity and they ...

Actuaries Institute to advise FSI on longevity

JAMES FERNYHOUGH  |  MONDAY, 25 AUG 2014
The Financial System Inquiry has enlisted the Actuaries Institute to advise it on possible product solutions that deal with the challenge of longevity. In its submission to the FSI, released today, the Actuaries Institute states: "The Institute is assisting ...

NGS launches income-focused retirement product

JAMES FERNYHOUGH  |  TUESDAY, 5 AUG 2014
NGS Super has launched a new retirement income product which balances "a combination of capital growth and income return." The new product, called the 'Income Generator', has a growth-to-defensive asset allocation ratio of 56% to 44%. It aims to achieve ...

Default pensions 'very logical' solution: Brogden

JAMES FERNYHOUGH  |  THURSDAY, 31 JUL 2014
A MySuper-style default retirement product could be "a very logical" way to encourage retirees to take income streams rather than lump sums, according to Financial Services Council (FSC) chief executive John Brogden. Brogden's comments came in response ...

MetLife refocuses on middle classes with direct distribution

ALEX DUNNIN  |  WEDNESDAY, 30 JUL 2014
Based on the way global insurers are increasingly looking to the direct market to boost sales in developed economies, the way insurance is distributed in Australia looks set for a shake-up. In the past week it was widely reported across the Americas ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... possibility of maintaining the relatively unregulated status quo, but introducing legislation to allow for more retirement product innovation. It considered the benefits of deferred lifetime annuities, group self-annuitisation, and the possibility of ...