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Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
... scenario for the economy to grow by 3%, the unemployment rate to improve "a little below 5%", and inflation "expected to be close to 2%". The RBA's optimistic outlook is predicated on the "low level of interest rates, recent tax cuts, ongoing spending ...

Boomers show healthy ESG appetite

ALLY SELBY  |  TUESDAY, 3 DEC 2019
Environmental, social and governance (ESG) investing is well and truly on the radar for savvy millennials, but new research has revealed it could also be the secret ingredient to tempting Baby Boomers into engaging with their super. The research, coming ...

Women in Super: A year of accomplishments

MICHELLE BALTAZAR  |  MONDAY, 2 DEC 2019
... The huge super gender disparity has urged WIS to lobby the government for new superannuation policy proposals that will close this gap, including changes to tax concessions and SG on parental leave entitlements. "We completed over 26 policy submissions ...

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... regulator to achieve better results. "APRA is not an enforcement-based agency, we are a safety led organisation. We have a very close look at our enforcement approach and we have demonstrated an increased ability to be constructively tough," Byres said. ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
Rainmaker's research head is calling for the superannuation industry to avoid over-interpreting OECD figures indicating Australia's retirement saving system is cheap, as debate breaks out. Alex Dunnin, Rainmaker executive director of research and compliance ...

Advice associations welcome ASIC stance

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
Australia's peak financial planning bodies have welcomed ASIC's stance on the Financial Planners and Advisers code of ethics, however remain concerned about the workability of certain standards. In separate statements, both the Financial Planning Association ...

ACSI, AFIC respond to Westpac scandal

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
The Australian Council of Superannuation Investors welcomed the announcement today that Brian Hartzer will step down as chief executive of Westpac. "The actions taken today reflect the seriousness of the incidents and the failure of the bank to meet ...

Industry fund partners with global asset manager

HARRISON WORLEY  |  TUESDAY, 26 NOV 2019
A $70 billion industry superannuation fund has partnered with a global asset manager to enhance its dynamic asset allocation capabilities. Sunsuper and PineBridge Investments have joined forces to ensure the super fund's 1.4 million members benefit ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
APRA has floated proposed revisions to prudential standards covering insurance in super, including requiring independent verification of insurance arrangements to ensure they are in the best interests of members. The prudential regulator has released ...

Consultation opens for retirement income review

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
The financial services industry and wider community has just over two months to make submissions to the government's retirement income review. The retirement income review's consultation period officially opened late on Friday afternoon, providing industry ...