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Industry veteran departs Energy Super

DARREN SNYDER  |  THURSDAY, 7 APR 2016
... been Bob's vision and commitment during the past two decades that has driven Energy Super's reputation as one of Australia's top performing and truly member-focused funds. "Bob will be missed - not only at the board table and in the corridors of Energy ...

Super needs consolidation: Mercer

DARREN SNYDER  |  WEDNESDAY, 6 APR 2016
... Ben Walsh said super industry consolidation is one of three shifts needed to improve retirement choice for Australians. On top of consolidation and more retirement income options that provide an income for life, Walsh said the industry needs to simplify ...

Government lagging on super policy: Labor

KERRIE SYDEE  |  TUESDAY, 5 APR 2016
... balance between fairness and sustainability, they maintain concessionality while reducing government spending at the very top income brackets." Chalmers also flagged that more should be done to ensure there is certainty and predictability within the ...

The lucky country may not be so for future generations

WHITNEY FITZSIMMONS  |  MONDAY, 4 APR 2016
... help the nation feel more confident about its future. "We know that maintaining our lifestyle and financial security are our top priorities for Australians. However, Australians are telling us they are worried. "There has always been the expectation ...

Industry groups slam SEC plan to limit derivatives

WHITNEY FITZSIMMONS  |  THURSDAY, 31 MAR 2016
... that would allow up to 300% exposure if the fund met an additional test. In a statement the SEC said, a fund could agree to 'top off' the value of its exposure to 150% of its net assets, or alternatively, it could have exposure of up to 300% if it passes ...

AMP and Topdocs partner for SMSF service

ALEX BURKE  |  THURSDAY, 31 MAR 2016
AMP has partnered with legal document provider Topdocs to provide SMSF documentation services through its SuperConcepts SMSF business. The service will allow SMSF advisers to generate documentation based on the fund data available on SuperConcepts' ...

Little separates Australia's largest custodians

DARREN SNYDER  |  TUESDAY, 29 MAR 2016
... billion to $584 billion by the end of 2015. J.P. Morgan recorded a 2.8% increase to more than $573 billion AUC. Rounding out the top three custodians in Australia is BNP Paribas which reported a 24.9% growth to about $430 billion AUC. The latest industry ...

Super the bedrock for multi-sector funds

DARREN SNYDER  |  THURSDAY, 24 MAR 2016
Australia's superannuation funds have again proven themselves as "the bedrock contributor" for positive flows in to multi-sector funds, according to the latest Morningstar data. The firm's fourth annual Global Asset Flows Report shows the AustralianSuper ...

J.P. Morgan wins in $5bn NZ custody review

ALEX BURKE  |  TUESDAY, 22 MAR 2016
... requirements aren't changing, but the investment world is definitely changing," he said. "We're implementing new investments, and on top of that, the custody world is changing, too - custodians are improving their systems while their competitors do the ...

Republican brands Dodd-Frank "regulatory waterboarding"

MARK SMITH  |  TUESDAY, 22 MAR 2016
A top House Republican has accused the Obama administration of engaging in "regulatory waterboarding" when it comes to monitoring banks. House Financial Services Committee chairman Jeb Hensarling said the Dodd-Frank reforms, which increase the oversight ...