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Showing 31 - 40 of 79 results for "Chile"

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
David Murray has recommended that the MySuper system be replaced by a default fund auction process similar to the Chilean model if fees do not come down considerably by 2020. The Financial System Inquiry final report has argued that superannuation fees ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
Group self-annuitisation (GSA) may provide a more affordable alternative to deferred lifetime annuities (DLA) when it comes to dealing with longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission ...

Drastically limit number of default funds: Grattan CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 30 JUL 2014
... executive John Daley. Speaking at a superannuation roundtable hosted by Bravura Solutions, Daley pointed to the example of Chile, where the government runs a tender every few years to decide which fund should be the default fund. "Rather than having ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
In its interim report released today the Financial System Inquiry (FSI) has suggested that the vertically integrated structures may be reducing the quality of financial advice that consumers receive. The FSI has asked stakeholders to consider different ...

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 ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
... choice products. APRA would continue to assess candidate funds to ensure they meet prudential standards." The report held up Chile's system as an example. The Chilean government puts out a tender every two years for private pension providers to manage ...

BNP appoints new head of APAC

LAURA MILLAN  |  MONDAY, 16 SEP 2013
... and Emerging covers 19 countries and includes local investment management capabilities in Argentina, Australia, Brazil, Chile, China, India, Indonesia, Japan, Hong Kong, Korea, Malaysia, Russia, Singapore, Taiwan and Turkey. The APAC and Emerging division ...

Market Wrap

AAP  |  FRIDAY, 26 JUL 2013
... that they will spend a combined $US3 billion ($A3.26 billion) to build a new desalination plant at the Escondida mine in Chile. Rio, which has a 30 per cent stake in the mine, will contribute $US1.03 billion ($A1.13 billion) and BHP Billiton, which has ...

Sovereign wealth funds climb to US$5.5tr

ALEX DUNNIN  |  WEDNESDAY, 17 JUL 2013
... Permananet Fund, Azerjajan's State Oil Fund, Ireland's National Pensions Reserve Fund, the New Zealand Superannuation Fund, Chile's Social and Economic Stablisation Fund and their Pension Reserve Fund.

Latin American pension funds eye PE

LAURA MILLAN  |  MONDAY, 4 MAR 2013
... National Monetary Council. But the cap is lowered to 10 per cent if they invest in international funds. Also, pension funds in Chile can allocate up to 2.5% of total assets to private equity and can invest in both local and international private equity ...