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Showing 41 - 50 of 1801 results for "default"

Multiple moves in Aware investments team

ELIZABETH FRY  |  FRIDAY, 11 AUG 2023
... members." In the most recent performance reporting period, Aware Super delivered a 10.7 per cent return for its flagship default investment option, MySuper Lifecycle option, cementing its place as one of Australia's top-performing super funds. The ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in previous years. For death and TPD insurance, members engaged ...

Russell Investments reports super returns up to 13.5%

ANDREW MCKEAN  |  FRIDAY, 28 JUL 2023
Russell Investments GoalTracker, the MySuper default option for iQ Super, Nationwide Super and Resource Super members, has posted returns up to 13.5%. The GoalTracker investment option delivered a 13.5% return for members aged 50 and under, attributed ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... bearing the charges. In 2021, Credit Suisse incurred losses of around $5.5 billion because of the family office's default. The Fed said Credit Suisse failed to adequately manage the risk posed by Archegos, despite repeated warnings. "The board is ...

Colonial First State chalks up strong super returns

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
Colonial First State (CFS) has recorded double-digit returns across several of its default superannuation products for FY23. The CFS FirstChoice Employer Super growth fund (Lifestage 1975-1979) delivered a 12.2% return. The CFS FirstChoice Employer ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
... held it back. With more than $120 billion in assets under management, the fund returned 10.3% to members invested in the default Balanced option, or 11.8% for those with a zero-tax pension account. In total, all investment options generated positive ...

Hostplus tops up mandate, returns 8% to members

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... with a return of 8.95%. While it was one of the few funds to see a positive return in FY22, this year its accumulation default comes in behind the likes of AustralianSuper, Australian Retirement Trust, Aware Super, Brighter Super, and Cbus. However ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... companies as their international counterparts and said under the reforms, UK pension providers will commit around 5% of their default funds to unlisted equities by 2030. "I start with Defined Contribution pension schemes, which in the UK now invest under ...

Aware Super returns 10.7% for FY23

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
The super fund delivered 10.7% to members sitting in its default MySuper Lifecycle option, with investment chief Damian Graham saying a pivot away from certain unlisted asset sectors proved the right call. Aware's default MySuper option is a lifecycle ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
... highest risk are members under 55 years of age, members who have been in their fund for less than five years, and those in a default investment strategy. The key reasons for switching cited were poor returns, high fees, lack of transparency, difficult ...