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Keep an open mind

Keep an open mind

12 August 2014

Catherine Musgrave The interim report of the Financial System Inquiry (FSI) covered a wide range of topics relevant to the financial services industry at large. Of particular relevance to the wealth management sector was the suggestion that superannuation fees and charges remain too high. It’s important to remember that the full benefit of SuperStream reforms are yet... MORE

Sharpen your focus

Sharpen your focus

23 July 2014

Increasingly, wealth management businesses are turning to managed services to deliver their administration software and underlying IT infrastructure. The managed services model sees the day-to-day management of an administration system outsourced to a specialist software vendor, leaving businesses free to focus on their strengths. In the past, IT solutions in wealth management typically evolved very... MORE

Spiralling down: superannuation member fees

Spiralling down: superannuation member fees

19 June 2014

Michelle Lusty There has been recent discussion in the industry about the benefits of SuperStream. Are the efficiencies envisaged in the Cooper Review able to be realised? What benefits will actually flow to members over time? However SuperStream plays out, we can be assured that competitive pressures will continue as the industry consolidates, and members develop stronger... MORE

Selecting software: the start of a long relationship

Selecting software: the start of a long relationship

17 June 2014

Darren Stevens When it comes to selecting a wealth management software application, for many organisations the decision centres on functionality and price. As a key investment for the business, the software platform must be proven to perform to defined standards, and be priced at a level that enables the organisation to operate successfully and profitably, well into... MORE

All change: government moves on pensions

All change: government moves on pensions

3 June 2014

The UK’s long-term savings and investment industry is undergoing significant upheaval as the Government moves to make major changes. George Osborne’s radical Budget is set to offer greater freedom to pension savers. Whilst a drive by the Department for Work & Pensions (DWP) and Financial Conduct Authority (FCA) is set to boost transparency and ensure... MORE

Promoting financial wellbeing in the UK

Promoting financial wellbeing in the UK

29 April 2014

Eric Welsby The TISA Savings and Investments Policy Project (TISP) this week released the findings of its initial review into the challenges faced by UK savers, warning of a looming consumer finance crisis unless industry and policy-makers take urgent action. The findings set out how UK households are failing to save enough for their day-to-day needs and... MORE

The implications of MiFID II

The implications of MiFID II

10 April 2014

There has been much discussion about the implications of MiFID II (Markets in Financial Instruments Directive) following the long-awaited agreement reached among EU regulators at the end of January this year. The directive is being introduced with the aim of establishing a more transparent system and efficient marketplace. One of the key impacts on distribution... MORE

Building the foundations for post retirement

Building the foundations for post retirement

13 March 2014

Michelle Lusty In Australia, the focus within the superannuation industry for the past thirty years has been on accumulation of savings. Over that period, product development has been driven by accumulation needs, and super funds have focussed on acquiring members saving for their retirement. Product differences between accumulation and post retirement products mean that many retirement products... MORE

Asia looks to retirement: All eyes on China

Asia looks to retirement: All eyes on China

11 March 2014

Michael McCauley Over the past few decades we have seen that improved education and growth in wealth is delivering a higher standard of living to a growing Asia middle-class. In an effort to retain that improved standard of living over increasing life expectancy, workers and families are taking a more holistic view to maintaining that standard; through... MORE

How General Motors Triggered the SMSF Boom

How General Motors Triggered the SMSF Boom

3 March 2014

David Barrett We live in a world of outsourcing – not just at a corporate level, but in our personal lives as well. A modern, time-poor Australian can pay someone else to mow their lawn, wash their car, clean their house, and look after their children. It’s even possible to buy a dog and then pay someone... MORE