Retirement village contracts are not real estate arrangements, but de facto insurance policies
Some years ago, I looked at various retirement villages with my mother. As a researcher who specialises in complex financial products, I didn’t expect that the contracts on offer would tax my ability to analyse. They did.
What’s the true cost of living in a retirement village?
See AFR’s Adele Ferguson article quoting Dr Tim Kyng, senior lecturer of Actuarial Studies at Macquarie University’s Department of Applied Finance and Actuarial Studies.
What is the CEO’s role in leading performance transformations?
In today’s business environment, companies cannot settle for incremental improvement; they must periodically undergo performance transformations to get, and stay, on top. But in the volumes of pages on how to go about implementing a transformation, surprisingly little addresses the role of one important person. What exactly should the CEO be doing, and how different is this role from that of the executive team or the initiative’s sponsors?
Head: KDK Bulletin 29 June 2017 – 5 hot topics
See KDK Bulletin 29 June 2017 for Digital HR with Capgemini, MinterEllison on ransomware attacks, BCA against SA Govt’s bank levy, Inventium on need for innovation in Aust retail and women in financial services by University of Sydney. This week’s expert is James Abbott from Allen & Overy.
Surpassing the glass ceiling in financial services
There’s never been a better time than today to be a woman in financial services. The financial services industry, worth $2.5 trillion and the largest contributor to Australia’s economy (ahead of mining and manufacturing), is forecast to increase in value to $4 trillion by 2025.
Why retirement village contracts need to be regulated like insurance
Why retirement village contracts need to be regulated like insurance. See article by Dr Tim Kyng, senior lecturer of Actuarial Studies at Macquarie University’s Department of Applied Finance and Actuarial Studies, in The Conversation.
Where is digital HR heading? Capgemini
The role of HR needs to change considerably. Instead of managing the processes and transactions, it needs to play a central role of driving the organisational culture, ensuring right skills for the roles and measuring the right metrics to ensure best possible outcomes.
HR will also be one of the fastest areas to adopt digital to the point of being business critical. A few of the areas that have started taking a business critical position include the following:
Retirement village contracts are cunningly disguised rip offs
Listen to Dr Tim Kyng, from Macquarie University’s Applied Finance and Actuarial Studies, comment on retirement village contracts on today’s ABC AM program and ABC News.
KDK Bulletin 22 June 2017 – 5 hot topics
See KDK Bulletin 22 June 2017 on Spot the irrational CEO by Behavioural Finance Australia, AMP on SMSF activity surge, Annual wage review a ‘gamble’, and manufacturing is far from dead, a new report from The Australia Institute. A matter of fact is by the Grattan Institute on how to save $700m on tertiary education lending. This week’s expert is Mina Ames from Russell Reynolds Associates.
Fee on tertiary education lending could save $700m, Grattan Institute
A 15 per cent loan fee on all new tertiary education lending could save the Commonwealth $700 million a year and make the Higher Education Loan Program more affordable for government.
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