Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 751 - 760 of 2988 results for "ARRA"

Industry fund shifts service functions to Link

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
A major industry superannuation fund has outsourced all of its service centre functions to Link Group. From 1 March 2021, Hostplus' contact centre, communications, complaints and employer servicing functions will transition to Link Group and housed ...

SSGA names global investments chief

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
State Street Global Advisors has welcomed a new global chief investment officer who will have oversight of the local business. Lori Heinel has been promoted to the new role after serving as deputy global chief investment officer since 2016 when she ...

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
The report modelled average annual retirement income from three types of longevity products for retirement income. Here's what came out on top. It found allocating 100% of retirement assets to a group self-annuity starting at 67 would yield the best ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
Consumers engaging directly with their super fund on insurance matters are often left confused and overwhelmed by the information provided and upset they cannot get guidance specific to their circumstances, an ASIC report shows. A third of unadvised ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
The underinsurance gap has broadened compared to three years ago, new Rice Warner research finds. Over the last 18 months, a slew of government regulation as well as unforeseen circumstances have contributed to more Australians being underinsured. This ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review (RIR) has discussed the possibility of a fifth pillar in Australia's retirement income system based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension ...

Industry fund names new group insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 NOV 2020
Australian Catholic Superannuation and Retirement Fund has ended its longstanding relationship with OnePath, naming a new group insurer to take over in the New Year. The $9 billion industry fund said it undertook a comprehensive review and tender process ...

Mental health over financial health: Research

ELIZA BAVIN  |  THURSDAY, 19 NOV 2020
The MetLife 2020 Employee Benefit Trends Study found the majority of Australian workers feel their mental health is the most important aspect to focus on in the wake of COVID-19. Around 70% of workers said mental health is the most important thing to ...

Super fund increases premiums

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
A $117 billion superannuation fund is changing the cost of insurance across the board at the turn of the New Year. Most QSuper members will see income protection cover go up 31%, while death and total and permanent disability (TPD) cover will increase ...

ASIC opens consultation on scaled advice

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
The Australian Securities and Investments Commission (ASIC) is calling on financial advisers to provide feedback to its consultation paper on affordable scaled advice. As previously announced last month, ASIC's latest consultation paper, Promoting access ...