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18 Oct 14 - Financial Services Superannuation News
Superannuation & Funds Management - Whats News - 8 October 2014
FINANCIAL SERVICES COUNCIL - 2 October 2014 - The first report on MySuper performance and fees released by APRA is a game changer for the way superannuation is reported, the Financial Services Council said. The FSC Director of Policy said for the ...
Too many changes to the superannuation system
The heads of Australia's biggest superannuation lobby groups have reached rare common ground to warn that people are so perplexed by constant changes to the rules governing super that they are afraid to retire.
Superannuation & Funds Management - What's News - 23 September 2014
MEDIA - 15 September 2014 - Superannuation fees in Australia are comparatively low on a global scale and could be even lower with the right policy settings the Financial Services Council said today. At 0.85%, MySuper fees are competitive on a ...
Superannuation & Funds Management - What's News - 8 September 2014
MEDIA - 2 September 2014 - Groceries giant, Coles, will keep its offers as simple as possible, as it expands its position in the financial services sector with a possible superannuation offer, Coles Financial Services general manager, Richard Wormald says.
AMP tech chief to retire
Lee Barnett will exit the financial services world when she retires from AMP after 18 years of service, including 12 years as chief information officer.
Links with industry super funds are worth probing
The finance minister, Penny Wong, hit back, claiming that Bowtell (who had once worked for the ACTU) had been a superannuation trustee for more than 10 years and a member of the AGEST board for five years. But the truth is that being a trustee and ...
Banks in no hurry to take up superannuation reforms
But for the Financial Services Council (FSC) - whose interests lie with the retail fund industry - the detailed APRA spreadsheet "is evidence that MySuper is delivering both transparent, comparable information and lower fees".
Curb SMSF borrowing: Keating
Staff Reporter; 6 hours ago. Industries · Financial Services. Former prime minister Paul Keating has urged the federal government to reduce the amount of leverage self-managed super funds can use to buy property, The Australian Financial Review reports.
Alarm raised on superannuation stake
Nationals senator John Williams, a member of the parliamentary joint committee on corporations and financial services, will raise concerns about The New Daily at Senate Estimates hearings this month.
Financial Services Council renews push for standards body
The Financial Services Council told a parliamentary joint committee inquiry into advice standards that a professional standards body proposed by the group should first and foremost be represented by licensees and the regulator.
AMP tech chief Lee Barnett retires
The wealth management firm said Mr Ryman had previously completed a number of successful transformation projects for its customer services and corporate superannuation business. He was a superannuation consultant with William M Mercer Australia ...
Spring adopts OneVue for admin
Diversified financial services company Spring FG Limited (Spring FG or the Company) has entered into a new Private Label Partnership agreement (Agreement) with ASX-listed wealth management services company OneVue Limited (OneVue).
Adviser Ratings review website to put the spotlight on financial planning industry
Bernie Ripoll MP, Shadow Minister for Superannuation and Financial Services, said in a statement: “By using technology and consumer power Adviser Ratings has the potential to be a game changer by providing consumers with visibility across the quality ...
Influential AMP tech chief retires
Principle Activity, Provider of life insurance, superannuation, pensions and other financial services in Australia and New Zealand.
Careful planning needed to have a good lifestyle in retirement
Q I am 57 and working as a full-time contractor in the financial services industry earning $140,000 a year. I have $230,000 in superannuation, personal debt of $25,000 and I am currently renting for $800 per week. I have about $230,000 tied up in a ...
Corporate super advisers caught in hiatus on advice
Financial planners providing corporate superannuation advice have been caught between legislation, which regards their advice as conflicted, and Government moves to shift corporate funds to a new default fund regime.
Alan Bond's comeback will take an unexpected turn at the Bull & Bear this ...
There was nothing stuffy about the banter at the National Press Club on Wednesday between Financial Services Council chief, John Brogden, and his nemesis from Industry Super Australia, David Whiteley.
What cars and superannuation have in common
Olivia Maragna is the co-founder of Aspire Retire Financial Services and is a respected and independent financial expert. Olivia's advice is general in nature and readers should seek their own professional advice before making any financial decisions.
Essential money tips for 40-somethings
Write a list of your goals and set your sights on achieving these in order of importance, says financial planner Chris Browne from Rising Tide Financial Services. “When you have a young family there is heaps on your plate,” he says. “So we often find ...
Fridge snookered in forex deep freeze
On Friday, on the urging of the corporate watchdog, Federal Court judge Michelle Gordon banned forex business Monarch FX from offering financial services until a hearing on November 21. Documents filed with the court by ASIC name Monarch's principal ...
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