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Showing 7931 - 7940 of 22800 results for "Funds"

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
If the Productivity Commission's recommendation of a best-in-show list was introduced tomorrow, which super funds would make the cut? If performance were the key metric used to determine which MySuper products are shortlisted, latest Rainmaker analysis ...

APRA, ASIC welcome Productivity Commission's superannuation report

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
... APRA said it welcomed the Productivity Commission's calls to grant the regulator additional powers to force superannuation funds to merge or wind up when it saw fit. The prudential regulator's deputy chair Helen Rowell said the superannuation industry ...

Productivity Commission report puts banks first: ACTU

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
... release on Thursday the ACTU called out the final report's recommendation to install a best-in-show list of superannuation funds, which would work to remove superannuation from industrial relations by nudging new workforce entrants towards selecting ...

Best-in-show splits industry

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... more serious problem of underperformance in the wider super system." "According to the Commission, a quarter of default funds underperform but this proposal would deny 90% of funds default status." Scheerlinck foresees it will remove many high-quality ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... monetary policy over the course of 2019. How patient and flexible? The CME FedWatch Tool puts the probability of the fed funds rate remaining at the current 2.25%-2.50% level by 11 December 2019 meeting at 70.2% -- up from 41.7% a month earlier (prior ...

Engagement should be easier: Productivity Commission

HARRISON WORLEY  |  THURSDAY, 10 JAN 2019
... the superannuation system and government for making engagement "harder than it ought to be" for members of superannuation funds, with over complex products, oft-changing rules, and a lack of easy-to-understand information all in the firing line. The ...

Superannuation a mystery to students: survey

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... students Student Super chief executive Andrew Maloney said the lack of awareness that young Australians had about their super funds was a major issue. "Students can have as many as six different employers before they turn 25. But because they're ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... report. Treasury has already extended the deadline on Comprehensive Income Retirement Products to July 2022, and most super funds have done very little work on it. The key point of the Retirement Income Covenant (which was released after the PC draft ...

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... interests of anyone other than the advisers receiving them," the report reads. A survey sent to Australia's superannuation funds by the Productivity Commission saw about 30% of the 114 funds that responded indicate their members are paying trail ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... and financial system regulators APRA and ASIC have allowed a situation to develop where chronically underperforming super funds are able to continually defy gravity and not just survive, but thrive? This problem is so pervasive that Australia's best ...