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Showing 521 - 530 of 2259 results for Mark Smith

More must be done to cut fees: FSC

MARK SMITH  |  THURSDAY, 1 OCT 2015
Average working Australians would have thousands of dollars more in their retirement savings if bigger superannuation funds faced stronger competitive tensions, the Financial Services Council has said. A new report released in the FSC's submission to ...

Link Group announces plans for float

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
Superannuation administration company Link Group is targeting a valuation of up to $2.6 billion in an initial public offer expected to take place on 27 October. Details in the prospectus reveal the company aims to raise between $879.2 million and $946.5 ...

Retail funds recommending advice fee rates

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
While retail super funds post-FOFA have unbundled their embedded advice commissions, half still recommend an average 0.55% in ongoing advice service fees, the annual super fee survey from Rainmaker reveals. As a result of the compulsory adoption of ...

La Trobe makes swathe of new hires

MARK SMITH  |  TUESDAY, 29 SEP 2015
Credit specialist La Trobe Financial has appointed 25 new staff and expanded to a second floor at its Collins Street headquarters in Melbourne. Fourteen of the 25 new hires, are experienced senior credit analysts and their appointments grow the company's ...

Super fees almost halved in five years

MARK SMITH  |  MONDAY, 28 SEP 2015
Super fund fees have fallen 40% in the last five years owing to regulatory shifts and technological innovation, but the fall has not unduly impacted providers' bottom lines, according to the latest comprehensive survey of the sector by Rainmaker. The ...

PIMCO launches bank capital fund

MARK SMITH  |  MONDAY, 28 SEP 2015
Bond giant PIMCO has launched a new global bank capital fund which aims to reduce risk for investors with large exposures to the big Australian banks. The PIMCO Capital Securities Fund offers investors a long-term, strategic allocation to the global ...

Financial services most at risk from disruption

MARK SMITH  |  THURSDAY, 24 SEP 2015
The banking and financial services industry is uniquely placed to suffer most from the wave of digital disruption that is sweeping the world. That's according to Citi managing director of customer experience Linda Duncombe, who opened the Afiniation ...

Aberdeen beefs up local distribution team

MARK SMITH  |  WEDNESDAY, 23 SEP 2015
Aberdeen Asset Management has added an investment specialist to its distribution team. Josh Hall joins the fund manager from AMP Capital where he was senior product solutions manager for two and a half years. Hall has a range of experience in Australian ...

Club Plus Super appoints three senior execs

MARK SMITH  |  TUESDAY, 22 SEP 2015
Industry superannuation fund Club Plus Super has made three appointments to its management team. Nici Andronicus joins as head of strategic relationships, Gemma Dooley joins as head of investments and Lindy Hunt joins as head of legal, audit, risk and ...

Australian pre-retirees streets ahead of US

MARK SMITH  |  TUESDAY, 22 SEP 2015
Industry bodies often say people's super savings will not fund a comfortable retirement, but new stats from the US show just how far ahead Australia is. Figures from US researcher Bankrate show that 26% of Americans ages 50 to 54 have no savings. That ...