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Showing 6361 - 6370 of 18124 results for "superannuation"

Royal Commission interim report flawed

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
... investment products has been debunked. "The interim report doesn't just criticise grandfathered arrangements on superannuation and investment products. It clearly indicates the Royal Commission's concerns with life insurance commission arrangements. ...

Legal woes continue for super fund

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Industry superannuation fund Rest is facing renewed scrutiny over its responsible investment practices after one of its members filed an updated Federal Court claim alleging the fund has failed to act in his best interests. In July, Rest member Mark ...

Industry fund goes for growth

JAMIE WILLIAMSON  |  TUESDAY, 2 OCT 2018
A $12 billion industry superannuation fund is growing its executive lineup, adding its first chief growth officer. LGIAsuper is welcoming Andrea Peters to the newly created role, joining from Credit Union Australia where she was head of banking products. ...

Industry fund members more satisfied

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Despite the flak the superannuation industry has received from the Royal Commission, industry fund members are more satisfied with their fund than retail members. This is according to a survey of 50,000 participants conducted Roy Morgan, which pitted ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... more detail over the weekend," Thorburn said. Thorburn reiterated comments he made after the banks failings in superannuation were aired during the fifth round of the Royal Commission, saying NAB needed to 'own and fix' its mistakes. "For us at NAB ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... counsel assisting Michael Hodge cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. APRA deputy ...

Super funds call for grandfathering ban

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Superannuation funds are rallying to see an end to grandfathered commissions and for the regulator to impose stronger sanctions on those that fail to act in the best interests of members. In its submission to the financial services Royal Commission ...

Industry fund announces new leadership

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
A $9 billion industry superannuation fund has named its new chief executive. Laura Wright has been officially promoted to lead NGS Super, having served as interim chief executive since February when long-serving chief Anthony Rodwell-Ball retired. Wright ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... insurance required to be offered through the fund? They also questioned if the terms set out in the Insurance in Superannuation Voluntary Code of Practice is sufficient to protect the interests of fund members. Further, they asked if the Life Insurance ...

Part-time work widens super gender gap

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
Women approaching retirement will have 37% less in their superannuation balance than men, latest figures from the Australian Bureau of Statistics show. Women aged between 55 to 64 years old will have an average of $196,000, while men retire with a significantly ...