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Values-based approach will advance advice

DARREN SNYDER  |  WEDNESDAY, 11 OCT 2017
... of Zelda's metamorphosis. She was once someone who voted for apartheid and took a job in Mandela's office because it was close to her parent's home. Yet in her first encounter with the man, when she was working for his private secretary, Zelda was taken ...

Super industry makes largest fee cuts since MySuper reforms

ALEX BURKE  |  WEDNESDAY, 11 OCT 2017
This year, the superannuation industry saw the largest fall in its total expense ratio (TER) since the introduction of the MySuper reforms - however, this varies significantly across product types and market segments. According to Rainmaker research ...

ECB exit: 2018 or 2021?

BENJAMIN ONG  |  WEDNESDAY, 11 OCT 2017
... core inflation as energy price effects dissipate and gradually approach the European Central Bank's objective of below but close to 2 percent over the next few years, reaching 1.9 percent only in 2021". This suggests that the IMF doesn't expect the ECB ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
The Australian Institute of Superannuation Trustees is urging the Senate to reject the Turnbull Government's proposal to mandate a governance model for superannuation funds and preserve the equal representation rule. In response to the Superannuation ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
... Hon. Kelly O'Dwyer, the Minister for Revenue and Financial Services will be onstage while later today, Sir Bob Geldof will close the conference with his speech "For a Higher Social Purpose". Follow the social media dialogue on #AFAau. 5.30pm - Godfrey ...

Super funds partner to tackle the coal problem

ALEX BURKE  |  TUESDAY, 10 OCT 2017
Two of Australia's largest superannuation funds have partnered to address investors' growing concerns about the long-term viability of the coal sector in Australia. Cbus and First State Super, working with the Investor Group on Climate Change (IGCC) ...

Voting opens for 2017 Power50

STAFF WRITER  |  MONDAY, 9 OCT 2017
Voting is now open for the 2017 Power50 list of Australia's most influential financial advisers. Last month Financial Standard received more than 600 nominations (including multiple nominations) on who should be recognised in the 50 Most Influential ...

Advisers back higher education standards

JAMIE WILLIAMSON  |  MONDAY, 9 OCT 2017
... for more stringent proficiency requirements - but the industry can still expect a major fallout from those who choose to close shop than adopt incoming educational reforms. "They are more than fair. A consumer has a right to an expectation of a standard ...

SuperConcepts chief joins Macrovue board

ALEX BURKE  |  FRIDAY, 6 OCT 2017
The chief executive of SuperConcepts has joined Macrovue's board. Natasha Fenech, who became chief executive of AMP's self-managed super fund administration business in January 2016, will now assume a directorial position at Macrovue, which is also ...

Life insurance complaints down: FOS

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2017
Disputes surrounding investments, advice and life insurance accounted for 9% of all disputes accepted at the Financial Ombudsman Service of Australia last financial year. In its annual report FOS outlined that of the 22,475 disputes it accepted over ...