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Showing 661 - 670 of 2995 results for "Problem"

Industry butt heads over super guarantee

ALLY SELBY  |  THURSDAY, 13 FEB 2020
Superannuation industry professionals are going head to head over Australia's super guarantee system, yet all agree it's time for an upheaval. In a submission to the Treasury's Retirement Income Review Panel, the Actuaries Institute called for universal ...

Product provider makes big FASEA promise

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 FEB 2020
... inducement to act in a way that isn't in the client's best interest," Lonsec said. Haynes said Lonsec is offering to solve this problem by acquiring the investment management rights from existing portfolios to manage the investment process on behalf ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
ASIC said that common problems have been persistent in its review of superannuation trustees' PYSP communication with members, with some trustees failing to present facts and instead focusing on member and insurance retention. The regulator launched ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
Drought, bushfires, coronavirus are among the risks Reserve Bank of Australia governor Philip Lowe nominated when he testified before the House of Representatives Standing Committee on Economics on the February 7. One day later, and Lowe would have ...

Not the time for long-term decisions: Baur

HARRISON WORLEY  |  FRIDAY, 7 FEB 2020
This year is not the time for investors to make bold, long-term calls, according to Principal Global Investors' Bob Baur. Speaking at the Financial Standard Chief Economists Forum in Sydney this morning, Principal Global Investors executive director ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... was significant room to increase gender equality in workforce participation rates, which would help solve much of the problem earlier in the process. "Our economists estimated that a halving of the gap between male and female participation would see ...

Super fee obsession must stop

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
In one of the first submissions to the Retirement Income Review, the body for private market investors has urged the government to focus less on fees and consider the place for illiquid assets in MySuper. Citing APRA's heat maps as an example, the Australian ...

BetaShares calls for universal pension

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
BetaShares has proposed that Australia adopt a system that would provide a pension to everyone, funded by superannuation contributions. The proposal was made in the company's submission to the Australian Treasury as part of its consultation with market ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
... many Australians, particularly women, are retiring without enough super and the increase to 12% is central to fixing the problem. "ISA analysis shows more than eight million Australians could be worse off in retirement if the super rate is cut, losing ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... services royal commission." Rice Warner's analysis stated that the quality of the disclosures is another contributor to the problem. "In other words, product statements have been largely unintelligible for laypersons. This has arisen in part due to the ...