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FASEA consultation could sway retirement outcomes

JAMIE WILLIAMSON  |  MONDAY, 9 APR 2018
... increasing," Cooper said. "This wealth was accumulated to provide income in retirement, but the system is not yet set up to do this next phase successfully by providing pooling mechanisms to reduce the risk of running out of money in retirement." The ...

Chief economist update: No target sign on India's back

BENJAMIN ONG  |  MONDAY, 9 APR 2018
... world is enough to get many investors quivering in their socks. Add volatility and the uncertainty of what Trump will do next into the mix - oh, and the "sell in May" dictum (which coincides with the May 1 expiration of the tariff exemption Trump granted ...

BetaShares corners market with super-cheap Aussie equities ETF

ALEX BURKE  |  FRIDAY, 6 APR 2018
... growth trajectory, we believe that greater availability of simple, low cost portfolio building blocks will help drive the next wave of ETF industry growth. "A200 will significantly reduce the cost of ownership of a diversified portfolio of Australian ...

New super fund joins forces with GBST

ALEX BURKE  |  THURSDAY, 5 APR 2018
... challenging opportunity." Superestate has been willing to stretch the boundaries of "conventional thinking and foresee what the next generation of a competitive superannuation investment market will be. Working with GBST, Superestate has been able to ...

Contango restructure sees reduced headcount

ALEX BURKE  |  THURSDAY, 5 APR 2018
... work in the retail market, reducing our cost base. We're planning to launch two new ETFs in the fixed-interest space in the next 12 months as well as an exchange-traded managed fund (ETMF) via California-based WCM Investment Management." He described ...

Industry fund transformation sees rebrand

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
... Superannuation. "We're excited to develop and implement innovative and intuitive tools to communicate with members as we enter this next phase of our journey," Howard said. The change follows recent insights from APRA's release of superannuation statistics ...

What will estate planning look like in 2020?

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
... there's potential for a tax on end benefits (e.g. lump sums) and an increased tax on super earnings. "It's possible over the next 10 years we could have an increased tax on the lump sums. Currently it's tax free for those over 60. If there's an increase ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
... seemingly few repercussions for poor outcomes. It's in the industry's interests that this perception changes," Byres said. In the next phase of its work, APRA said it might suggest changes on improved design of remuneration frameworks; enhanced implementation ...

Industry fund names investment operations boss

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
... experienced significant growth over the last few years and with the fund expecting to grow to more than $60 billion in the next five years, having the right team in place is essential," he said. "A significant focus of our new investment model is the ...

Chief economist update: Synchronised global slowing?

BENJAMIN ONG  |  WEDNESDAY, 4 APR 2018
... quoted as saying: "China will take equivalent measures on US goods at the same level and scale" in anticipation of Trump's next wave of trade restrictions on Beijing." In addition, China's Foreign Ministry said that although China does not want a trade ...