Fired up over FoFA

With billions of dollars of fees and commissions at stake, it’s no surprise that the Government’s financial planning reforms have proven so divisive, writes FIONA REYNOLDS, CEO of the AIST. Even as the first tranche of the draft Future of Financial Advice (FoFA) legislation nears completion, debate rages over critical elements of the reform package. … Read more

Dump state taxes, raise GST

Australian business must not shy away from discussing state taxes and the goods and services tax at the Tax Forum in Canberra this month, writes James Bond, chief economist at the FSC. Businesses should take courage from the breadth and depth of support in Australia for removing state taxes and use the Tax Forum in … Read more

Dark times for investors in Asia

Trading volumes in opaque crossing networks are increasing across Asia. This positive development must be regulated wisely to ensure that all investors can benefit, writes Lee Kha Loon of the CFA Institute*. Dark pools, the off-market trading venues where investors can anonymously trade large volumes of listed stocks, have been back in the news in … Read more

Turn fund members into advocates

What would make you recommend  your superannuation fund to  colleagues, friends or family?  This is the simple but powerful  question at the heart of the idea of  the net promoter score, which has  been introduced as a new source  of information and comparison for  super funds over the past three years,  writes MICHAEL BALDWIN, CEO … Read more

Sharpen your Skills

The superannuation industry remains at a crossroads. With reviews into tax, financial advice and the super system coinciding with one of the most volatile and destructive periods in global financial history, it can be difficult to keep track of exactly where the industry seems to be going. It is important for funds to occasionally take … Read more

Bonds between finance and philanthropy

New debt instruments are providing institutional investors with a means of earning a steady yield while also helping social programs aiming to improve society. SAM RILEY reports. An innovative NSW Government pilot project to launch a social bond could be attractive to sophisticated investors and provide competitive returns, compared to those achieved through sovereign or … Read more

Battle Lines

A new study finds that underwriters must differentiate themselves clearly and innovate on the product front if they’re to withstand increased competition. SAM RILEY reports.

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Standing Tall on the Shaky Isles

NZ Super, the sovereign wealth fund for Aotearoa, has a clear mandate to grow  its assets to meet the retirement liabilities of today’s teenagers. With eyes fixed on  this faraway horizon the fund has instituted governance practices and a way of  investing that are world-class and should benefit future generations in the land of  the long white cloud. AMANDA WHITE reports.

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Debt throes

For investors, there may be more to lose now than after the collapse of Lehman Brothers. In the months following September 2008, as governments flooded markets with capital, investors took shelter in U.S. Treasury debt. Now the deepening sovereign debt crisis in developed-world economies has taken this risk-free refuge away. Negative real interest rates, ongoing … Read more