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Showing 3501 - 3510 of 10303 results for "STI"

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
ASIC's latest review into insurance in superannuation shows the industry still has "significant weaknesses" despite the launch of the voluntary code of practice nine months ago. Over 2017-18, ASIC reviewed 47 superannuation trustees, which included ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
Several industry superannuation funds are teaming up to consolidate multiple accounts estimated to save members $100 million per year. The cross-fund matching initiative will see 18 industry funds consolidate 500,000 low balance, inactive accounts. ...

The changing face of SMSFs

JAMIE WILLIAMSON  |  MONDAY, 10 SEP 2018
Self-managed superannuation funds increased allocations to international equities by 30% in the first half of 2018, as well as upped exposure to listed investment companies and trusts in a bid to reach new markets. According to the latest Commsec SMSF ...

Australian retirement outcomes among the best

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
Latest research from Natixis Investment Managers shows the wellbeing of Australia's retirees remains steady. For the third year running Australia has placed sixth overall for retirement outcomes in Natixis' Global Retirement Index, sitting behind Switzerland ...

ASIC to ramp up trustee visits

KARREN VERGARA  |  FRIDAY, 7 SEP 2018
Superannuation funds should get accustomed to leaving the front door open for ASIC as the regulator flagged it will pay trustees more periodic visits. Presenting a regulatory update at the AIST Super Investment Conference? in Cairns yesterday, ASIC ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
ASIC commenced Federal Court action against MLC Nominees and NULIS today in relation to the significant advice fees charged to superannuation members despite no financial advice being provided. ASIC alleges NULIS and MLC Nominees - the current and former ...

Gonski asks philanthropists to have more heart

DARREN SNYDER  |  THURSDAY, 6 SEP 2018
ANZ chairman David Gonski believes Australian philanthropists must give with more rigour as assets that have taken years to accumulate are too often spent on a whim. Speaking at the Philanthropy Australia National Conference in Melbourne yesterday ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
New retirement income products from the financial advice space could arrive sooner than those from superannuation funds but there is still a long wait for both, according to State Street Global Australia. In its May budget, the Federal Government said ...

Philanthropists must move beyond the hierarchy

DARREN SNYDER  |  WEDNESDAY, 5 SEP 2018
The president at one of the largest US philanthropic institutions believes there is a misnomer that philanthropists must stick to a strict hierarchy when addressing global problems. Speaking at the Philanthropy Australia National Conference this morning ...

VicSuper among top pension funds, others climb

KANIKA SOOD  |  TUESDAY, 4 SEP 2018
VicSuper is now one of the world's top pension funds, sitting alongside 16 other Australian superannuation funds, according to Willis Towers Watson. The Global 300 research from WTW's Thinking Ahead Institute looked at the world's largest ...