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Under reporting of super fees harming investors: ASIC

DARREN SNYDER  |  THURSDAY, 8 SEP 2016
ASIC says it is motivated by the fact that inconsistent and under reporting of superannuation fees is harming investors and as a regulator it will not allow this to continue. ASIC has also revealed it recently knocked back industry requests to extend ...

Enrolments point to adviser growth

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
... suggest a greater number of people are embracing financial advice as a career. Data from the end of August showed there was close to a 30% increase in financial services enrolments compared to the same time in 2015 and a 20% increase in enrolments in ...

Inappropriate advice drives disputes

KERRIE SYDEE  |  TUESDAY, 6 SEP 2016
... inappropriate advice (28%), failure to follow instructions/agreement (10%) and misleading product/service information (7%). Close to two thirds of the accepted disputes were related to managed investments (37%) and superannuation (28%). Mixed asset funds ...

Capital stewards create value on Main Street

DARREN SNYDER  |  TUESDAY, 6 SEP 2016
Australia's superannuation system is estimated to reach more than $9.5 trillion in the next 20 years and the role of super funds as capital stewards will remain large, according to industry professionals. Capital stewardship is continually redefined ...

Energy Super selects group insurer

MARK SMITH  |  MONDAY, 5 SEP 2016
$5.9 billion industry fund Energy Super has chosen who will provide its group salary continuance insurance. Effective from 5 September, MLC Life Insurance has won the contract in what the life company has described as "a significant announcement for ...

GBST closes international Composer deal

JAMIE WILLIAMSON  |  MONDAY, 5 SEP 2016
Financial technology provider GBST has secured a five-year contract to support an international client via its GBST Composer platform. The partnership will see GBST assisting an unnamed South African-owned retail investment business in boosting its ...

Low rates signify opportunity for reinvesting

JAMIE WILLIAMSON  |  FRIDAY, 2 SEP 2016
Australia should start thinking about historically low rates as an opportunity for reinvestment, according to Vanguard principal and head of investments, Vanguard Asia Pacific Rodney Comegys. Addressing the Vanguard ETFs in Practice forum in Sydney ...

NGS awards $300m mandate

KERRIE SYDEE  |  THURSDAY, 1 SEP 2016
Industry super fund NGS Super has awarded a $300 million mandate to an Australian global equities manager. Independently owned Bell Asset Management has been awarded the $300 million global equity mandate and will work closely with NGS to manage the ...

Sentry Group appoints head of wealth solutions

ALEX BURKE  |  THURSDAY, 1 SEP 2016
Sentry Group has appointed a new head of wealth solutions. Karen Brown joins Sentry Group from Grant Samuel Funds Management, where she was state manager for Western Australia, having held the same role for Challenger prior to that. In her new role ...

Frontier appoints associate

DARREN SNYDER  |  THURSDAY, 1 SEP 2016
Asset consultant Frontier Advisors has hired a new associate, marking the tenth consulting team appointment in the past year and expanding the firm's staff to 54. Joining Frontier from 26 September is Madeline Chelper. She will be involved across a ...