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

Search Results

Showing 81 - 90 of 117 results for "CIP"

MyRetirement too product heavy: Morningstar

KARREN VERGARA  |  MONDAY, 26 JUN 2017
Morningstar is pushing for MyRetirement solutions to be less product-centric and a mandatory digital advice component be made available for retirees. In a discussion paper submitted to Treasury on Comprehensive Income Products for Retirement (CIPRs) ...

Default retirement products not good enough: Milliman

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
Superannuation funds that don't get to know members better ahead of designing a Comprehensive Income Product for Retirement are putting themselves at risk of severe reputational damage. That is the view of risk management and retirement experts Milliman ...

Brexit-proof?

BENJAMIN ONG  |  WEDNESDAY, 5 APR 2017
A small dip in the Markit/CIPS UK manufacturing PMI to 54.2 in March from 54.5 in the previous month provides further evidence of the economy's resilience to Brexit uncertainty. The latest reading might be the lowest level in four months but it's also ...

Future retirement products aided by tax exclusions

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
The Federal Government's latest development of regulation for new retirement income streams is now open for public consultation. Adding to the existing draft legislation, the government has proposed that superannuation funds and insurance companies ...

Super consolidation imminent: research

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
The number of super funds (excluding SMFSs) have dropped by 72% from 872 to 244 in the last ten years (see Figure 1), according to new research from Rice Warner. The annual Superannuation Market Projections Report shows in 2016, 83 out of 219 funds ...

The era of the retirement consultant

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2017
The looming wave of retiring baby boomers is paving the way for the creation of the 'retirement consultant.' According to a new paper from actuarial consultancy Milliman, the need for the assistance of a consultant focused solely on the implications ...

MySuper progresses to MyRetirement

DARREN SNYDER  |  FRIDAY, 16 DEC 2016
The Federal Government is taking a leaf out of the MySuper playbook, suggesting Comprehensive Income Products for Retirement become MyRetirement products. Releasing a Treasury consultation paper on the development framework for CIPRs, Government Minister ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 3 NOV 2016
Australia building approvals New figures released by the Australian Bureau of Statistics show that the total number of dwelling units approved dropped by 8.7% over the month of September, less than market expectations for a 3.0% decline and follow a ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 2 NOV 2016
Australia performance of manufacturing The Australian Industry Group's (AiG) performance of manufacturing index bounced back into expansion territory with a reading of 50.9 in October after two months of contraction (below 50) - 46.9 in August 49.8 ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 5 OCT 2016
Australia ANZ job ads The latest ANZ job ads survey shows that the total number of job advertisements fell by 0.3% in the month of September following the strong 1.7% jump in the previous month. The year-on-year growth in job ads slowed to 3.7% last ...