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Showing 6991 - 7000 of 19594 results for "RIS"

Chief economist update: At the core-core of it

BENJAMIN ONG  |  TUESDAY, 31 JUL 2018
Financial markets could have a brand new worry (or not) depending on the outcome of the Bank of Japan's (BOJ) monetary policy meeting that's due to conclude this day. The 30-31 July meeting is particularly significant given last week's flare-up ...

Superannuation shortage facing Aussie retirees: AMP

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
Latest research from the mutual shows Australians hoping to live the retirement lifestyle they aspire to will, from age 65, run out of retirement savings after five years. AMP added that with the average life expectancy of Australians now 82.5 years ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
Group insurers are finding themselves pressed for resources as they race to meet the Federal Government's July 2019 deadline to cull the default opt-ins for group insurance. MetLife head of reinsurance and regulatory affairs James Carey said the ...

The case for indexed annuity bonds

KARREN VERGARA  |  MONDAY, 30 JUL 2018
Indexed annuity bonds could be the answer to superannuation trustees meeting members' post-retirement consumption needs while fulfilling fiduciary obligations at the same time. This is according to research from The McKell Institute, which highlights ...

Chief economist update: Boom in the USA

BENJAMIN ONG  |  MONDAY, 30 JUL 2018
Boom! That's the sound of the US economy popping up to an annualised rate of 4.1% in the second quarter of 2018, up from an upwardly revised 2.2% (from 2%) expansion in the first quarter. While this is in line with market expectations, it's ...

Industry fund renews insurer, drops premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
A $5.3 billion industry superannuation fund has renewed its group insurance mandate, reduced member premiums and removed automatic cover for members under 25. Media Super has reappointed Hannover Life Re as its group insurer from July 1. In doing so ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
MLC will cease deducting general financial advice fees from its MasterKey Personal Super products after admitting it did not clearly communicate to members they could opt out of the service. About 305,000 MasterKey Personal Super (MKPS) members will ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ...

Chief economist update: ECB on track for exit

BENJAMIN ONG  |  FRIDAY, 27 JUL 2018
Nobody expected action from the European Central Bank's (ECB) July 26 meeting. The Bank did not disappoint. It kept its benchmark repo rate at 0% - so were the rates on its deposit facility (-0.4%) and marginal lending facility (0.25%) - and repeated ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
The stats are out and they reveal that Australia's inflation genie is still inside the box. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation accelerated to 2.1% in the year to the June quarter ...