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Showing 221 - 230 of 1019 results for James Fernyhough

More data leads to more bad decisions

JAMES FERNYHOUGH  |  TUESDAY, 12 AUG 2014
The human brain is biologically incapable of processing the reams of data it receives, and the more data we try to process without help, the more bad decision we will make. That was the message of evolutionary biologist Rebecca Costa's speech that closed ...

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
The term 'general advice' is misleading to consumers, and would be more appropriately labeled 'product sales', Financial Planning Association chief executive Mark Rantall has said. Speaking to a full house of Financial Services Council conference delegates ...

ACCI calls for end to super in awards

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
The campaign to keep super in awards suffered another setback on Thursday when the Australian Chamber of Commerce and Industry (ACCI) renewed calls for an end to the Fair Work Commission's involvement in selecting default funds. The call, made at the ...

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
There is no evidence to suggest Australians abuse their right to withdraw superannuation as a lump sum, Shadow Treasurer Chris Bowen has said. Addressing delegates at the Financial Services Council conference, the former treasurer said forcing consumers ...

Portfolio disclosure a 'data dump' on consumers

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
The proposed portfolio holdings disclosure rules amount to a "data dump" that is useless to consumers, according to Michael Gordon, group executive at Perpetual Investments. Arguing in the affirmative for the ACSA debate, 'Disclosure requirements... ...

Simplify your products, life insurers told

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
The struggling life insurance industry should focus on developing simpler products if it wants to avoid a repeat of its recent woes, according to Australian Prudential Regulation Authority (APRA) member Ian Laughlin. While acknowledging the industry ...

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
Former minister for superannuation Nick Sherry has branded as "utterly unsustainable" the rule allowing Australian retirees to withdraw their superannuation as a lump sum. Speaking in the opening session of the Financial Services Council conference ...

FSC Conference: Follow the biopsychosocial model, life companies told

JAMES FERNYHOUGH  |  WEDNESDAY, 6 AUG 2014
The future of the life insurance industry depends on the deeper understanding and implementation of the biopsychosocial model, life company executives have heard. Speaking at the Financial Services Council (FSC) annual conference, Robin Chase of the ...

AustralianSuper, HOSTPLUS launch own-brand debit cards

JAMES FERNYHOUGH  |  TUESDAY, 5 AUG 2014
Industry superannuation giants AustralianSuper and HOSTPLUS are offering members branded debit cards in association with the bank they collectively own, ME Bank. Members of the two funds can sign up to receive a debit card branded with the super fund's ...

Mercer launches its own MDI

JAMES FERNYHOUGH  |  TUESDAY, 5 AUG 2014
Mercer has launched a direct investment option, giving members direct access to shares, exchange traded funds, and term deposits. Dubbed 'Mercer Direct', the option is open to Mercer Super Trust members. Members must transfer super into a special account ...