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Showing 411 - 420 of 1019 results for James Fernyhough

No cut to age pension in this term: Abbott

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Prime Minister Tony Abbott has said there will be no change to the age pension in this term of parliament, putting an end to speculation that the pension would be cut back in next month's budget. However, the PM used his address to the Sydney Institute ...

Industry responds to super fees study

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Superannuation industry bodies have responded to the Grattan Institute's report on super fees, arguing that fundamental change is not necessary. Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees (AIST), said that the ...

Legal action on cards as FWC denies FSC requests

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
The Fair Work Commission (FWC) has rejected the Financial Services Council's (FSC) call for a hearing on the validity of the expert panel as well as its request for a one week extension on MySuper applications. In response to this decision, the FSC ...

Kinetic Super to reduce admin fees

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Kinetic Super will reduce the fixed portion of its member administration fee by as much as 10.5%, the fund has announced. While the fund has not committed to a definite figure, it has given the 10.5% as a maximum limit. Currently the fund charges $1.90 ...

BNP Paribas wins $1bn Certitude contract off NAB

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
BNP Paribas has won a bid to provide custody and administration to Certitude Global Investment, replacing previous custodian NAB. The deal involves 14 international unit trusts, including Threadneedle Investments (UK), Lighthouse Investment Partners ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
The government should get involved in picking default superannuation funds in order to increase competition and bring down fees, a Grattan Institute report has argued. The report, entitled 'Super sting: how to stop Australians paying too much for superannuation' ...

Over 50s want to work longer, survey finds

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
Employer attitudes towards older people in the workforce are improving as employees show a willingness to work longer, according to a study commissioned by the Financial Services Council (FSC). The report, which was conducted by Kreab & Gavin Anderson ...

Funds passport 'doomed to fail' without tax reform

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
The Asia Region Funds Passport is "doomed to fail" unless the government changes taxation law to favour Asian investors in Australia, according to BNP Paribas Security Services managing director Peter Baker. While the funds passport initiative is good ...

ISA 'deeply concerned' over banks' MySuper campaign

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
Industry Super Australia (ISA) has upped its campaign to keep superannuation in awards, saying it is "deeply concerned" by the big bank-led push to take the Fair Work Commission out of the default super selection process. ISA chief executive David Whiteley ...

Risk management top concern for sovereign wealth funds

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
The majority of sovereign wealth funds and central banks globally have said risk management is a major concern, according to a recent survey carried out by State Street Corporation. The 'New Horizons for Official Institutions' report, released today ...