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Showing 5291 - 5300 of 8611 results for "DIF"

Industry fund claims experience worse than retail: PWC

LAURA MILLAN  |  FRIDAY, 4 APR 2014
The claims experience at industry superannuation funds has deteriorated in recent months and is now worse than in retail funds, PriceWaterhouseCoopers partner Barry Rafe said. Speaking at the Financial Services Council 2014 Life Insurance Conference ...

FPA calls for clear separation of general and personal advice

LAURA MILLAN  |  FRIDAY, 4 APR 2014
The Financial Planning Association (FPA) asked the Financial System Inquiry (FSI) to review the definitions of general and personal advice over concerns that the terms make it difficult for consumers to distinguish personal advice from product sales. ...

Plato partners Milliman to offer retiree income solution

MARK SMITH  |  FRIDAY, 4 APR 2014
Plato Investment Management has teamed up with Milliman to develop and income strategy for retirees which will allow them to maintain higher weightings to growth assets whilst managing the risk of a GFC-style shock. Many superannuation funds see "lifecycle" ...

RBA questions super fund infra investment

ALICE URIBE  |  THURSDAY, 3 APR 2014
The Reserve Bank of Australia (RBA) has questioned the role of superannuation funds boosting funding for infrastructure investment, saying that it is not appropriate to mandate funds to invest in assets to meet "broader national objectives." In its ...

ATO takes over SME super clearing house

MARK SMITH  |  WEDNESDAY, 2 APR 2014
The Australian Taxation Office (ATO) has taken over responsibility from the Department of Human Services for the Small Business Superannuation Clearing House. This move is part of the government's commitment to streamline processes and it believes the ...

Wanted: Money managers that are investors not product makers

ALEX DUNNIN  |  WEDNESDAY, 2 APR 2014
In an era when many investment managers are engineering overly complex, multi-layered model-driven strategies, traditional managers focused on long term fundamentals are finding a receptive audience. "It's performance, performance, performance. It's ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
The Institute of Chartered Accountants Australia (ICAA) has said that the current practice of individual financial advisers operating under the Australian Financial Services Licences (AFSLs) of institutions could result in a decline of competition and ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
Commonwealth Bank (CBA) is asking the Financial Systems Inquiry to remove super from awards and to amend legislation so employers can select any MySuper product as the default fund for their employees. In a submission to the Murray inquiry, CBA said ...

Allianz launches cyber risk insurance product

MARK SMITH  |  TUESDAY, 1 APR 2014
Allianz Global Corporate & Specialty (AGCS) has launched a cyber risk insurance product to counter the growing threat to security faced by Australian businesses. Allianz Cyber Protect has been launched to the Australian market to enable businesses to ...

SPAA and Macquarie to investigate SMSFs

STAFF WRITER  |  MONDAY, 31 MAR 2014
The SMSF Professionals' Association of Australia (SPAA) and Macquarie will investigate SMSF business models in a newly launched survey that is targeting financial advisers, accountants, administrators and stockbrokers. The findings of the survey will ...