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Showing 51 - 60 of 94 results for %22Dan James%22

Are super funds the new shadow banks?

JAMES FERNYHOUGH  |  FRIDAY, 18 JUL 2014
Superannuation funds are increasingly behaving like shadow banks and should be regulated as such, an economist and pension expert from the UK has warned. Dr Bernard Casey of Warwick University said stricter global capital requirements are seeing new ...

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
Impediments to the development of innovative retirement products as an alternative to the account-based pension show no signs of lifting, despite industry consensus that such innovation is necessary. MetLife's recent decision to drop its hybrid annuity-style ...

FSU warns of job loss 'tidal wave'

JAMES FERNYHOUGH  |  FRIDAY, 20 JUN 2014
A "tidal wave" of job losses in the Australian financial services sector may be the outcome of "secret" trade negotiations, the Financial Services Union has said. Along with the United States and the European Union, Australia is currently leading negotiations ...

Beware engaged baby boomers, super funds told

JAMES FERNYHOUGH  |  WEDNESDAY, 21 MAY 2014
Increased member engagement could lead to a spike in complaints, according to the Superannuation Complaints Tribunal (SCT) chairperson Jocelyn Furlan. Furlan said this was a particular danger among the baby boomer generation, who have proved some of ...

Budget a 'missed opportunity': ISA

JAMES FERNYHOUGH  |  TUESDAY, 13 MAY 2014
Industry Super Australia (ISA) Director of Public Affairs Matt Linden said the budget was a "missed opportunity to find small innovative solutions," saying the changes could result in a 25% decrease in retirement income for many Australians. He said ...

Equip to launch pension version of MySuper

JAMES FERNYHOUGH  |  FRIDAY, 9 MAY 2014
Superannuation fund Equip will launch a retirement phase version of MySuper, called 'Equip MyPension', on 1 July this year, chief executive Danielle Press has revealed. The product is designed to be a default pension fund for members in the MySuper ...

PROFILE: Actuaries Institute CEO David Bell

JAMES FERNYHOUGH  |  THURSDAY, 8 MAY 2014
... painting actuaries as the 'rock stars of the 21st Century'. FourA months into the role, new chief executiveA David Bell tells James Fernyhough what heA hopes the campaign will achieve. Variety has been a constant in David Bell's life. His incarnation ...

Custodians fight hard for big super deals

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
Custodians are fiercely competing to win the business of Australia's largest superannuation funds, with some trading in short-term commercial gain in exchange for strategic long-term deals. One method of doing this is by offering so-called 'fee holidays' ...

What is the future of transition management?

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
The recent departure of J.P. Morgan from the transition management space - following the departure of Credit Suisse, BNY Mellon and Convergex - has brought the future of this under-the-radar industry into question. The departure of these four players ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The removal of super from modern awards could see the big banks employing illegal or dubious methods to get new employers to sign up to their MySuper products, according to Cbus chief executive David Atkin. Currently, super funds wishing to provide ...