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| | | A report by the Super Members Council (SMC) suggests the complex retirement system in Australia could be costing retirees up to $136,000. The modelling underscores the long-awaited need for financial advice reforms, and simpler, smarter pathways to ... |
| | | | Global credit rating agency Morningstar DBRS (Morningstar) has announced its expansion into the Asia Pacific region with the opening of a new regional hub in Australia. The Sydney hub will function as a service center for the broader Asia Pacific region. ... |
| | | | ... 0.85% per annum, while retail MySuper products experienced a small increase of 2% to a TER of 0.96% per annum. Personal product fees increased by 9% which is the biggest growth across all segments. Meantime, retirement product fees grew by 4.7% due to ... |
| | | | Jeff Peters is exiting L1 Group as chief executive as a replacement immediately fills his seat. The group is also embarking on a $330 million raise. Peters, who is also managing director, leaves L1 Group effective today. He is replaced by Julian Russell. ... |
| | | | ... proposals in the next stage of consultations, including a more principles-based approach to the illiquidity premium, including product eligibility under the revised framework, as well as a targeted restriction on assets backing longevity products. APRA ... |
| | | | ... Federal Court upheld a previous decision to ban Mawhinney from receiving or soliciting funds in connection with a financial product for 20 years. He has already served five years of the ban, which was first handed down in August 2020. The Court determined ... |
| | | | ... delivered in two phases: one for accumulation and one for retirement. "We're very excited to have this innovative product in the wrap already, and coming into the master trust, MLC Super, soon," Woodall said. "All of this is supported by expertise ... |
| | | | Kenya is planning to roll out its first sovereign wealth fund as it looks to safeguard its income derived from oil, gas and minerals mining. The Kenya Sovereign Wealth Fund is designed to provide a buffer from fluctuations in resource revenues or macro-economic ... |
| | | | ... carrying on any business related to financial products or financial services. This is in addition to providing financial product advice, dealing in financial products, or marketing superannuation or managed investment scheme products. Justice Moshinsky ... |
| | | | ... for lifetime retirement income products, with an initial focus on the decumulation phase. It will encompass factfinding, product selection, income stream calculations, strategy modelling, advice generation and the advice review processes. Iress chief ... |
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