NZ Super Fund appoints acting CEO
The Guardians of NZ Superannuation, the crown entity that manages the $65 billion NZ Super Fund, has named Paula Steed as acting CEO, moving from her current role as general manager of strategy and shared services.
December 04, 2023
AMP appoints two non-executive directors to board
AMP has appointed Kathleen Bailey-Lord and Anna Leibel as independent non-executive directors to the board.
December 04, 2023
Drawdown knowledge gap exists among retirees: Survey
A study has found that among retirees who drew down their super at the minimum legislated rate last financial year, 19 per cent thought the number was a government recommendation, highlighting a gap in understanding about the requirements among the public.
November 30, 2023
OnePath penalised $5m for fees for no service
The Federal Court has ordered superannuation trustee OnePath Custodians to pay a $5 million penalty for making false or misleading representations about its right to continue charging fees, and for failing to provide services to members efficiently, honestly and fairly due to its misleading conduct and by deducting fees when not entitled to do so.
November 29, 2023
Allianz Retire+ released updates to longevity solution AGILE
Allianz Retire+ has updated its longevity solution Allianz Guaranteed Income for Life (AGILE), introducing two new options, Age Pension+ and Spouse Insured.
November 29, 2023
Inflation erodes Australians’ retirement confidence: MFS survey
More than half (59 per cent) of Australians said inflation has changed the way they think about retirement in the past 12 months, with 54 per cent opting for a more conservative investment approach, according to the 2023 MFS Global Defined Contribution Survey.
November 29, 2023
Over half of Australians unsure of their retirement options: Research
Close to two in three Australian non-retirees don’t know about existing retirement income products offered by their super funds, according to new research by Investment Trends and life insurer TAL.
November 29, 2023
Super dominates adviser technical queries: AMP
Financial advisers are focused on helping their clients navigate super contributions, conditions of release or withdrawals, transfer balance caps and home ownership issues, according to the latest data from AMP Advice.
November 28, 2023
Advisers want more support to help educate clients of geopolitics: Viridian
Some 73 per cent of financial advisers said they could use more support to educate clients about the potential implications of geopolitical tensions, according to a new poll conducted by Viridian.
November 28, 2023
CSC bolsters its retirement income strategy with Challenger
Commonwealth Superannuation Corporation will move into the next stage of its Retirement Income Strategy in early 2024, enlisting Challenger to develop a longevity solution to help meet its customers’ needs in retirement.
November 28, 2023
Govt to regulate genetic testing in life insurance underwriting
The government is considering the options to regulate the use of genetic testing results in life insurance underwriting, releasing a consultation paper on Monday for industry submissions.
November 27, 2023
Govt to introduce RBA reform bill this week
The government will this week introduce legislation to Parliament to reform the Reserve Bank of Australia by reinforcing its independence, clarify its role and modernise its structure.
November 27, 2023
