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Showing 231 - 240 of 515 results for "Attack"

Mastering the art of ignoring crises

MARK SMITH  |  MONDAY, 29 AUG 2016
The promise of outsized - but very infrequent - returns in financial markets can, like casinos, lead investors to trade in ways that destroys their wealth. That's the view of Capital Fund Management president Philippe Jordan who says investors who get ...

Sentry Group slams LICG's "opportunistic attack"

ALEX BURKE  |  WEDNESDAY, 24 AUG 2016
Sentry Group chief executive and chair Murray Hills has criticised the Life Insurance Consumer Group's "attack" on the Association of Financial Advisers in an open letter. Directed to the financial services industry, the letter admitted that Sentry ...

Competitive forces driving US pension fees down

MARK SMITH  |  WEDNESDAY, 18 MAY 2016
Greater transparency and increased competition, as well as the risk of legal proceedings, have driven companies in the US to demand lower fees from pension providers for their employees' 401(k) plans. As new disclosure rules allow companies to learn ...

Shorten attacks government's retro super changes

DARREN SNYDER  |  FRIDAY, 6 MAY 2016
Federal Opposition Leader Bill Shorten used his budget reply speech last night to label the government's superannuation changes as "retrospective" and reaffirm Labor's election policy on the $2 trillion industry. On Tuesday the government announced ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 31 MAR 2016
Australia migration The Australian Bureau of Statistics (ABS) reports that the percentage of Australian born overseas reached their highest level in "over a century" (120 years). As at 30 June 2015, 28.2% -- or 6.7 million -- of the country's resident ...

ASIC consults on robo regulation

ALEX BURKE  |  MONDAY, 21 MAR 2016
ASIC has released a draft regulatory guide and consultation paper for the robo-advice sector. The guide addresses industry concerns about and expectations for digital advice. It suggests robo-advice providers must hold an Australian financial services ...

CommInsure enhances claims process

ALEX BURKE  |  FRIDAY, 11 MAR 2016
... also appoint an independent expert to review past declined claims. The CBA insurer has also said it is upgrading the heart attack and severe rheumatoid arthritis definitions in its Trauma offering; these definitions will be backdated to May 2014, the ...

Senate to investigate life industry

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
... criteria it uses in determining whether a person has a valid claim to a payout for a medical occurrence such as a heart attack," the statement said. The additional terms of reference also give Australians an opportunity to make a submission on their ...

Narev apologetic in face of CommInsure allegations

MARK SMITH  |  MONDAY, 7 MAR 2016
... insurance arm. A joint Four Corners and Fairfax investigation alleged CommInsure knew its trauma insurance contained heart attack definitions that were out of step with contemporary medical thinking but continued to deny insurance payouts anyway, in ...

Industry bodies attack SG freeze speculation

MARK SMITH  |  FRIDAY, 5 FEB 2016
Associations representing the superannuation industry have railed against speculation the government is considering freezing scheduled increases to the super guarantee (SG). The Association of Superannuation Funds of Australia (ASFA) said the move would ...