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Showing 51 - 60 of 100+ results for Mark Smith

ING DIRECT pays up for "no fees" super marketing

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
ING DIRECT is returning a total of $5 million to members of its superannuation fund, Living Super, and will no longer promote the product as having "no fee" after the financial services regulator raised concerns about how fees on its cash option were ...

UK corporate pension deficit swells

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
The combined pension deficit of the UK's 350 largest listed companies widened £50 billion ($87 billion) in August, the increase on record. According to data from Mercer, the accounting deficit of defined benefit pension schemes for FTSE 350 companies ...

Act now to ensure super sustainability: Cooper

MARK SMITH  |  TUESDAY, 6 SEP 2016
BT Financial Group chief executive Brad Cooper has called on the government to raise the super guarantee to 12% and limit reviews of superannuation policy to once every five years. In a speech at a Trans-Tasman Business Circle event in Sydney's Barangaroo ...

Energy Super selects group insurer

MARK SMITH  |  MONDAY, 5 SEP 2016
... current incumbent insurer for Energy Super's default group life and TPD plan, as well as its long term GSC offering. Suzanne Smith, general manager of MLC Group Insurance, said: "Since 2009, we have been working closely with Energy Super to drive better ...

ASFA names KPMG partner as new CEO

MARK SMITH  |  MONDAY, 5 SEP 2016
The Association of Superannuation Funds of Australia (ASFA) has named its new chief executive to take over from Pauline Vamos, who stepped down in July after nine years with the industry body. Dr. Martin Fahy, who is currently a partner in management ...

Voya names new chief executive

MARK SMITH  |  FRIDAY, 2 SEP 2016
Voya Investment Management has promoted its chief investment officer of fixed income to the role of chief executive. Christine Hurtsellers, who has been fixed income CIO since 2009, officially took over the reins on 1 September, reporting to Voya Financial's ...

How super investment option fees vary

MARK SMITH  |  FRIDAY, 2 SEP 2016
Superannuation members who have selected an investment option other than their fund's balanced option may be paying more in fees than they realise, according to research by Rainmaker. The researcher said investment management fees generally account ...

Future Fund ahead of target on tenth birthday

MARK SMITH  |  THURSDAY, 1 SEP 2016
The Future Fund has celebrated its tenth anniversary by passing a significant funds under management milestone after achieving ahead of target performance numbers. At 30 June the flagship Future Fund reached $122.8 billion in funds under management ...

New platform allows super funds to share data with partners

MARK SMITH  |  WEDNESDAY, 31 AUG 2016
Data specialist Empirics has launched a new platform, MarketSuite Alliance, to enables super funds and their business partners to collaborate with their data in a secure and encrypted environment to help improve member retention and satisfaction. Empirics ...

Inflows and performance boost Australian Ethical profits

MARK SMITH  |  WEDNESDAY, 31 AUG 2016
Australian Ethical has extended its run of strong financial performance, raising net after tax profits 53% to $3 million in the 12 months to 30 June. The rise in profits was driven by net inflows of $319 million, up 78% on last year. Group funds under ...