Best-interests duty is not that complicated
The application of best-interests duty is often called opaque or difficult to understand. But at its core, the concept is not complex.
PIMCO wins top gong at PP | Zenith Fund Awards
Check out all the winners and runners up across 19 categories in the Professional Planner, Zenith 2018 Funds Manager of the Year Award.
Scholes’ strategies for compound returns
Investors need to be patient and harvest the power of compound returns, urged Myron Scholes, the Frank E. Buck Professor of Finance, emeritus, at Stanford University, and a Nobel laureate in economic sciences. Speaking at the Fiduciary Investors Symposium at Stanford University, Scholes also urged investors to use option prices as a source of information … Read more
Fee-cut a sweetener for low-balance members
UniSuper’s fee-cut comes as some industry funds see member growth while their retail counterparts grapple with royal commission fallout.
Urgent need for tougher trustee penalties
In the wake of Hayne’s interim report, the super sector’s self-examination must include a good hard look at accountability for board members
QSuper CIO Holzberger to retire
QSuper CIO Brad Holzberger has announced that he plans to retire next September. The fund has not named a replacement.
‘Independent ideas generate independent returns’
The key to diversification is to avoid making all your investments based on the same theory, IPM chief Stefan Nydahl has said.
REST denies charged premiums breached super laws
The fund’s submission to the Hayne inquiry rejects assertions that it engaged in behaviour that fell below community expectations.
CFS, UTS tie-up helps predict at-risk super customers
CFS is using machine learning to predict who of its customers are most in danger of risking their super.
Banks will face crisp penalties not wet lettuce
The inquiry’s interim report suggests regulators will soon be tough enough to make institutions think twice about wrongdoing, Andrew Main.
The evolution of rehabilitation in group insurance
Customer research is providing group insurers with new opportunities to support their members in their time of need. But can insurers help in the way customers want us to? With members’ needs constantly changing, insurers need to be more adaptable and responsive than ever before. While this is challenging, it does provide new opportunities … Read more
Hayne calls out regulators’ lack of action
The commissioner took ASIC and APRA to task for rarely if ever going to court against entities it accused of wrongdoing.
