Cost has historically inhibited many superannuation funds from developing best-of-breed member data analytics solutions often available to larger retail funds with institutional backing, according to Madeline Dermatossian, Managing Director of superannuation administrator FuturePlus. Member data analytics as a science is not new and the benefits to complex operations are well understood, however, super funds are... Read more continue reading
29
Nov
2012
The Standard Risk Measure adopted by superannuation funds to help investors assess investment risk may already be misleading them, according to van Eyk Head of Strategic Research Jonathan Ramsay. Mr Ramsay warned that, while he supported the concept of a standard measure of risk, the current version was already producing anomalies because it allowed funds... Read more continue reading
25
Oct
2012
AMP is reminding customers to consolidate their super following a successful campaign to reunite members with their lost super. Approximately $4.8 million in lost super has been returned to AMP customers so far after 17,000 members with 23,000 accounts were contacted in the first tranche. The average customer has been returned $12,000, with amounts ranging... Read more continue reading
08
Oct
2012
The prevailing view that superannuation funds must merge in order to survive and achieve scale does not stand up to scrutiny, according to Madeline Dermatossian, Managing Director of FuturePlus. “Many funds of a certain size¹ are feeling that they have to merge as it is the only way to achieve the scale required,” she said. ... Read more continue reading
03
Oct
2012
One of Australia’s leading superannuation providers has said the Productivity Commission’s recommendations for the selection and ongoing assessment of default funds in modern awards was a win for Australian workers. BT Financial Group head of superannuation Melanie Evans said, if implemented, the recommendations would result in a more transparent and competitive superannuation system. “The Productivity Commission’s... Read more continue reading
03
Jul
2012
From January 2014, the ATO will help super funds to auto-consolidate accounts with low balances by providing details of these accounts to members’ active funds. The information will be provided annually and will include details of: lost accounts accounts that have not received a contribution or rollover for two years with balances under $1,000 accounts... Read more continue reading
04
May
2012
The Small Independent Superannuation Funds Association (SISFA) has questioned the intentions of the Government in imposing a wealth tax on high income earners making superannuation contributions. “If this goes ahead, it’s clearly a disaster and really is just the surcharge reincarnated. Although it is proposed to only apply to high income earners, the reality is... Read more continue reading
01
May
2012
One of Australia’s leading superannuation providers today said the Government’s announcement of a Productivity Commission Inquiry was an important step for millions of Australian workers. BT Financial Group head of superannuation Melanie Evans said for the superannuation system to deliver higher retirement savings, Australians needed a more open and competitive market. “We welcome the fact... Read more continue reading
23
Jan
2012
The Association of Financial Advisers (AFA) congratulates the Minister for Financial Services and Superannuation, Bill Shorten, for taking the first step towards ensuring a better standard of living in retirement. “Minister Shorten is to be congratulated for taking what we consider to be a very important step forward,” said AFA CEO Richard Klipin. “In moving... Read more continue reading
03
Nov
2011
Bendigo Wealth has announced the release of Bendigo SmartStart Super™. Bendigo Wealth, the wealth management division of Bendigo and Adelaide Bank, is backed by the heritage and strength of over 150 years of banking, investment and lending expertise. SmartStart Super features a full suite of low cost (0.39 to 0.99bp) index and actively managed funds –... Read more continue reading
04
Oct
2011
Earn CPD Points
CPD: Ethics and financial controlFinancial control, a form of financial or economic abuse, is [...]
CPD: The Pandemic accelerant - digital age business strategiesThe following article is an excerpt from a white paper [...]
CPD: The pool’s lovely, come on in! An essential guide to life insurance underwriting in AustraliaThe gatekeeper to the pool In an earlier article we [...]
CPD: Don't be fooled by most ESG rankings - focus on materiality insteadAre ESG investors being fooled? The Wall Street Journal recently [...]
CPD: Life underinsurance – from gap to chasm, the advice challengeLife underinsurance has been a much discussed – and debated [...]
0 comments