financial system inquiry

Policy and Regulation

Michael Rice receives Order of Australia

Michael Rice has been made an Officer of the Order of Australia in Sunday’s Australia Day honours. He was recognised for his “distinguished service to business and economics, particularly to the actuarial profession, and through advisory roles."

Elizabeth FryJanuary 28, 2020

Retirement

What is the purpose of our retirement income system?

In view of the forthcoming review of the retirement income system, it is necessary to think about the level of financial resources needed by Australians in retirement. So, what is the purpose of the system? Currently we do not have a clear objective, says Mercer's David Knox.

David KnoxAugust 28, 2019

Policy and Regulation

MyRetirement regime faces resistance

A clear resistance is emerging to making Comprehensive Income Products for Retirement a mandatory offering for all superannuation funds.

Roger BalchJuly 11, 2017

Policy and Regulation

The government’s response to FSI decoded

It has taken the Treasury 10 months to make its response to the Financial System Inquiry. After all that time, the response is not as detailed or as forthcoming as some might have hoped. Investment Magazine reads between the lines to decode the Treasury’s 387 word statement on how it will respond to the FSI’s […]

David RowleyOctober 20, 2015

Policy and Regulation

Murray decries ‘wartime footing’ of retail, SMSF and industry fund sectors

David Murray is urging the government not to get bogged down in sectional interests in superannuation when making new policy. The chair of the Financial System Inquiry (FSI) made the comments at the CFA’s Australia Investment Conference in Sydney, where he hit out at what he saw as the sectional positioning since the publication of […]

David RowleyOctober 15, 2015

Retirement

Telstra Super to explore collective defined contribution scheme

Telstra Super is to explore the potential to create a collective defined contribution scheme as a way of avoiding sequencing risk for its members. Chris Davies, chief executive of Telstra Super, says the $17.5 billion fund has the scale to tailor its own pooled investment vehicle that would smooth investment outcomes. He believes the fund […]

David RowleyJune 22, 2015

Retirement

Challenger enters pole position for CIPR

Link Group has signed a strategic alliance with Challenger to make annuity products more easily accessible to members, in one of Link’s first moves to use its new found scale to benefit clients. Link Group’s Australian Administration Services (AAS) has pledged to make guaranteed retirement income products available on its contemporary aaspire administrative platform by […]

David RowleyJune 15, 2015

Post-retirement: What we don’t know

It has been morbidly quipped that ‘post-retirement’ refers to the dead, as that is what lies next for retirees. Of course, what post-retirement really refers to is the time after someone switches their income from a salary to a financial service product, typically in the form of a pension or drawing down a lump sum. […]

Dan PurvesApril 23, 2015

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