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Showing 1 - 10 of 1798 results for "Default"

Australian Retirement Trust wraps up AvSuper merger

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
... members retire well with confidence," he said. AvSuper started hunting for a merger partner in December 2021, spurred by its default MySuper investment option failing the inaugural Your Future, Your Super performance test in August of that year. "Following ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... basic cover will be affected by the changes. The changes include, but are not limited to, applications to: start basic (default) cover early (before their super account balance reaches $6000) transfer Death and/or Total & Permanent Disablement (TPD) ...

Vanguard Super lowers fees

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... annual fees comprising admin, investment, and transaction costs to 0.56% p.a. "This change will result in Vanguard Super's default Lifecycle product being one of the lowest cost options for Australians across a range of ages and superannuation balances ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... value, meaning under the draft regulations it will require a different set of valuation factors to be used rather than the default law split factors, that appeared to be the intent of the regulations," SMSFA chief executive Peter Burgess said. Treasury ...

UniSuper selects new group insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 APR 2024
... serve as group insurer to UniSuper, with members to benefit from an enhanced offering, the fund said. UniSuper said its default insurance offering has been improved to provide greater death and total and permanent disablement (TPD) cover at the life ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... members aged 50-54 will be invested in growth, and those aged 55 and above in balanced. Mine Super will also soon change its default insurance offer for new members.

Proxy advisors have 'undue influence': Jamie Dimon

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... independently of this information. Moreover, stewardship committees responsible for voting decisions are often held by experts who default large portions of their decision-making to proxy advisors. This, in turn, makes it harder for actual portfolio ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... representations which Mawhinney's lawyers have applied to strike out include the 'Bank Term Deposit Representation', the 'No Risk of Default Representation' and the 'Repayment Representation', which ASIC relied upon when it went after the investment ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... 0.07%-1.60% p.a. depending on the option. ART has 19 investment options for accumulation accounts. Its accumulation MySuper default option is called the Super Savings Lifecycle Investment strategy. AvSuper corporate accumulation members, which are charged ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... December 2023, a class action was filed against Rest alleging it signed new members up for income protection cover by default. A couple of days earlier a class action was filed against IC Markets for consumer harm caused by offering retail investors ...
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