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Can we improve the delivery of group income-protection insurance?

  • On 02/11/2016
Superannuation funds face the risk of providing a second-class product in their efforts to offer income-protection insurance for as many members as possible. Rice Warner* believes that critical tests of whether a fund’s insurance is efficient is whether the cover is “adequate” and provided at a “reasonable” cost. A number of funds may fall short […]
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The evolution of financial advice

  • On 28/10/2016
The last decade has seen a number of scandals where people have been given poor advice (or no advice at all, according to ASIC’s report yesterday – Financial advice: fees for no service). When this happens with other professionals like accountants and lawyers, the problem is quarantined to the wrong-doer. However, the adverse publicity around […]
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How to measure the efficiency of retirement products

  • On 19/10/2016
Retirement is the most important aspect of superannuation but measurement of the efficiency of superannuation retirement products is complex and difficult. It is critical that a satisfactory way is developed to assess the efficiency of retirement products in meeting the varied needs of retirees in the different phases of their retirement.  This is a pressing […]
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The death of poor life insurance practices

  • On 13/10/2016
The life insurance industry has become the centre of a number of investigations which are painful for participants but will lead to changes which will modernise it. Commission The first investigation was ASIC’s Review of Retail Life Insurance in late 2014. This was highly critical of the quality of financial advice provided to retail clients […]
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Media release: Research shows ‘strong argument’ to lift concessional cap

  • On 13/10/2016
The SMSF Association engaged Rice Warner to provide analysis and commentary regarding their SMSF Member Data. This analysis will show information segmented into broad areas such as age, gender, size of account and investment strategy. Given the data includes individual records it is possible to analyse the distribution of member behaviours over the year in […]
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