SG increase to benefit lower, middle income earners

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While the Federal Government’s proposed increase in the Superannuation Guarantee (SG) could result in some workers taking home less pay, the incremental increase is likely to benefit lower and middle-income Australian’s, according to QMV’s principal consultant, Jonathan Steffanoni. The current rate for SG payments made by employers is 9.5%, with this rate set to continue […]

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Data error “hot spots” revealed – Financial institutions need to find data errors early

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The ways in which fund data can go wrong are infinite. What matters most is how early errors are detected and corrected, and how this impacts customers, says Stephen Mahoney, executive director at QMV.  “Achieving error-free investment and customer data is unrealistic, but effective measures can be put in place to reduce the incidence and […]

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Super industry consolidation moving faster than ever

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Consolidation in the superannuation industry is happening faster than ever, and those funds looking to merge must ensure the process is conducted with the needs of members remaining top of mind, according to industry panelists at a recent QMV event. The panelists agreed that many superannuation funds that exist today will not be here in […]

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Fund members to take centre stage in 2019

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2019 is set to be a year of significant technical, strategic, and regulatory change for the Australian superannuation and insurance sectors, with long-term implications for all stakeholders in these industries, according to Wendy Colaço, principal consultant at independent consulting firm QMV. QMV has identified four key trends that will dominate the financial services landscape in […]

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Data Bill will usher in human rights for the digital age

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While the introduction of the Consumer Data Right Bill into parliament has been delayed, it needs to be a priority for the government in 2019, as it is welcome first step in addressing the imbalance of bargaining power between the holders and subjects of data, says Jonathan Steffanoni, principle consultant, legal and risk, with QMV. […]

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Royal commission moves into solution mode

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Proposed superannuation industry reforms from the Royal Commission are likely to cover four main themes including simplification of the law and of disclosure requirements, appropriate civil penalties for breeching best interests duty and an end to grandfathered commissions, says Jonathan Steffanoni, Principal Consultant, Legal & Risk at QMV. “The future of financial product disclosure probably […]

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QMV appoints principal consultant

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Wealth management consulting and technology firm QMV has appointed Wendy Colaço to the position of principal consultant. In the role she will lead the existing team in the Sydney office, and provide senior consulting services to QMV clients. QMV Managing director Mark Vaughan said the appointment of Ms Colaço comes at a period of significant […]

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“Open super” an opportunity for smart super funds

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The superannuation industry should prepare for an “open super” regime in the next few years, in light of current moves towards “open data” and “open banking” and the fundamental shift in the balance of power in the information economy, says Jonathan Steffanoni, principal consultant – legal and risk at QMV. “We are seeing growing momentum […]

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New managing director for QMV  

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Superannuation consulting and technology firm QMV has appointed Mark Vaughan as managing director, replacing Michael Quinn who has held the role since March 2014. QMV provides independent consulting services and technology systems to superannuation funds, trustees, administrators and wealth management organisations.  It was founded in 2008 by Mr Quinn, Mr Vaughan and Stephen Mahoney. Mr […]

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