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Royal Commission unnecessary: FSC

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... scheme would cost up to $300 million per year. There is a better way, Loane said, of not having another industry funded levy on top of regulatory costs already in place. One recommendation would be to strengthen the financial advice license framework ...

An institutional approach to retirement advice

ALEX BURKE  |  TUESDAY, 25 JUL 2017
... trying to achieve? Can we create a better investment mix that matches those liabilities? It shouldn't be about being at the top of the league table," Beesley said. Proposing a hypothetical asset-liability model for an individual retiree, Beesley suggested ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... superannuation funds will be asked to hold annual general meetings specifically with a member focus. Several of Australia's top super funds already host national and state-based member roadshows, as well as member meetings, but the new legislation would ...

Super system needs work on environmental and governance factors

DARREN SNYDER  |  FRIDAY, 21 JUL 2017
... Australia still ranks favourably for governance, a slight decline in its indicator score sees it fall one spot and out of the top 10 for this sub-index. Despite significant improvements Australia still has the ninth-lowest score in the environmental ...

Industry fund offers retirement income bonus

EMMA RAPAPORT  |  THURSDAY, 20 JUL 2017
... from a super fund account to a retirement pension - to members, and can be taken as a cash payment or left in the account to top up the balance. The base reward for new customers will be 0.5% of the new pension account balance and can increase up to ...

The bull and bear market in iron ore

BENJAMIN ONG  |  THURSDAY, 20 JUL 2017
... its nearest peak - that should encourage further price falls. As at last night, iron ore prices remained 25.7% below 2017's top of US$94.50/tonne hit on 21 February. Bull or bear, the outlook for iron ore prices has significant bearing on the Australian ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
... these new levels correspond with the FSI recommendation that Australia's major banks should match the capital levels of the top quartile of large internationally active banks. APRA chair Wayne Byres said the regulator's objective in establishing unquestionably ...

New super product for investment savvy

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2017
... While assets such as property and the more 'exotic' assets available through SMSFs are excluded, clients can invest in the top 500 ASX-listed securities; listed Australian shares; exchange-traded funds (ETFs); exchange-traded commodities; hybrid securities ...

Macquarie leads alternatives pack

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2017
Global alternative assets under management rose 10% to US$4 trillion in the 12 months to December 2016, with Macquarie Group dominating the local sector. The annual Willis Towers Watson global alternatives survey of 562 investment managers (which included ...

Association launches retirement savings research hub

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2017
The SMSF Association will establish a 'policy think tank' to provide thought leadership for the retirement savings market on financial and non-financial issues. The Global Centre of Excellence for Retirement Savings will be based in Adelaide and will ...