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| | | ... and believes will be important as an industry, what we can do to safeguard our clients, financial assets and retirement income savings," Stavrou says. APRA's focused enforcement is also supported by the Association of Superannuation Funds of Australia ... |
| | | | ... Socially Conscious went up from 0.41% to 0.44% and Balanced Socially Conscious saw a rise of 0.39% to 0.41%. For Retirement Income and Term Allocation Pension products, investment fees also saw some minor changes. The High Growth option saw fees drop ... |
| | | | ASIC commissioner Simone Constant says that three years into the Retirement Income Covenant, things are "not where we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their ... |
| | | | ... Balanced option each made 9.7% p.a. over the three-year period. AustralianSuper's Choice Income Balanced and GESB Retirement Income AP's Balanced options returned 8.7% p.a. each. Government funds ESSSuper Income Streams Balanced and Super SA Income Stream ... |
| | | | ... clients on the new investment menu can also access the MyNorth Lifetime solution, unique to North, which delivers retirement income for life at no additional cost. Commenting, AMP general manager of managed portfolios and investments David Hutchison ... |
| | | | ... reinforcing its commitment to the Australian market and ensuring its structure remains aligned with the evolving retirement income and life protection markets," AA Life acting chief executive David Kane said in a statement. "AA Life remains patient and ... |
| | | | The new feature will allow AMP Super members to boost their retirement savings by earning cashbacks, which could grow their balances by as much as $100,000 when they retire. Despite the significant benefits of compounding, AMP found the concept is poorly ... |
| | | | ... ASIC commissioner Simone Constant has told super trustees more needs to be done to meet obligations under the Retirement Income Covenant. "We are three years into the Retirement Income Covenant now. Three years since trustees have been obliged by law ... |
| | | | ... population, rising mortgage debt in retirement, and complex system settings will place increasing pressure on the retirement income system. Without reform, the gender and housing wealth gaps will widen, and the system's sustainability could be undermined ... |
| | | | ... Labor's guidance on fiduciaries' duties in relation to alternative assets in 401(k) plans governed by the Employee Retirement Income Security Act of 1974 (ERISA) and other defined contribution offerings. It also directs the Securities and Exchange Commission ... |
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