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Showing 331 - 340 of 922 results for "Incentive"

The case for indexed annuity bonds

KARREN VERGARA  |  MONDAY, 30 JUL 2018
Indexed annuity bonds could be the answer to superannuation trustees meeting members' post-retirement consumption needs while fulfilling fiduciary obligations at the same time. This is according to research from The McKell Institute, which highlights ...

Royal Commission cracks down on life insurance phone sales

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
The banking and financial services Royal Commission has unearthed the unethical practices and incentives of life insurers selling policies over the phone at the expense of the most vulnerable customers living in remote communities. ASIC Indigenous Outreach ...

Absolute returns core to building wealth: ARCO chair

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
... means is that we will perform less well than the overall market when the markets are rising very strongly but our main incentive is to perform better when the market is struggling." Absolute return investing can measure its performance against the Reserve ...

Super industry critiques PC draft report

KARREN VERGARA AND STEPHEN FAY  |  WEDNESDAY, 20 JUN 2018
... remunerated based on the assets of members. When clients are spending money in retirement phase - valued at $760 billion - the incentive to provide that advice is not there, he said. Adam Gee, a superannuation advisory partner at KPMG Australia, told ...

Active shortfalls see pension fund fee restructure

ALEX BURKE  |  THURSDAY, 14 JUN 2018
... managers are paid considerable sums regardless of their investment performance," GPIF said. "They therefore have little incentive to set target excess return rates appropriately, to be innovative in seeking excess returns, and to control their management ...

Best-in-show funds pose pressing issues for advisers

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
The Productivity Commission's proposed best-in-show list of the top 10 default superannuation products could have pressing implications for financial advisers which shouldn't be overlooked. According to Wealthdigital technical manager Rob Lavery, the ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
The sharp turnaround in the All Ordinaries index from the 2018 low of 5859.15 points plumbed on April 3 to 6234.95 points - 6.5 points short of this year's high of 6241.46 points (January) - by May 14 it had almost prompted me to declare that 2018 ...

Age Pension needs national objective: Actuary

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
Actuary Michael Rice believes there should be a national objective for the Age Pension and the Federal Government could consider setting a combined target for Age Pension and aged care costs as a percentage of GDP. These are two of several policy initiatives ...

Industry funds call for super shortfall reform

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
The likelihood of a comfortable, self-sufficient retirement will diminish over the next decade for about 3.1 million Australians, according to new research. Recent findings from AustralianSuper and Cbus suggest the changing nature of work will create ...

Personal tax cuts lead the Budget

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
Personal tax cuts were on the top of Treasurer Scott Morrison's five-point list to "strengthen the economy" as he opened his Budget night speech. The Federal Government is proposing middle and lower income earners pay up to $530 less in tax, starting ...