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| | | The Australian sharemarket has opened flat after a record session on Wall Street and a rise in the iron ore price. The US broad-based S&P 500 reached a new high, gaining 0.49 per cent to 1854.29, passing the previous high mark set in January. CommSec ... |
| | | | Financial planners are shying away from margin lending advice following falls in the margin lending market in the second and third quarters of 2013. The proportion of planners advising on margin lending fell from 55% in 2012 to 45% in 2013, according ... |
| | | | Retail superannuation fund members are more likely to switch funds than their industry and SMSF counterparts, with investment performance being the main concern cited, according to a report by Roy Morgan Research. The report, entitled 'Superannuation ... |
| | | | Financial planners are at risk of losing their current clients and are failing to see that, contrary to general perceptions, advice seekers are likely to be female, baby boomers and from less wealthy segments. About a third of advised Australians are ... |
| | | | Dissatisfaction with performance and fees is still the biggest risk to member retention for retail funds while for industry funds changing employers is the biggest risk to retention, reveals the latest Roy Morgan Research's superannuation and wealth ... |
| | | | Over one million Australians have stopped dealing with their financial institution in the last year, despite customer retention efforts. The majority, about 855,000 people, ended a relationship with a bank, a Roy Morgan Research Consumer Single Source ... |
| | | | The Australian Securities and Investments Commissions (ASIC) has called into question the quality of advice given to self-managed superannuation funds (SMSF) investors in proposed guidance the regulator released today. "There is a need to improve the ... |
| | | | Mercer has developed a "whole-of-life" lifecycle default fund which it will use as its MySuper product. The fund, named 'SmartPath', is already being advertised on Mercer's website, and will be available on 1 January 2014. Mercer partner Graeme Mathers ... |
| | | | Offering a direct investment option (DIO) within a superannuation fund could be the key to retaining members and discouraging them from moving to self-managed super funds (SMSF). A CoreData Member Retention report found that a DIO within the super fund ... |
| | | | State Street Global Advisers (SSgA) has unveiled a new suite of low cost lifestyle products, aimed at better protecting investors in or approaching retirement from GFC style shocks. The three Retirement Lifestyle Solutions are aimed at investors at ... |
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