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Showing 1011 - 1020 of 1954 results for "Default"

Bendigo and Adelaide Bank reaches agreement in Great Southern case

ALICE URIBE  |  THURSDAY, 24 JUL 2014
... interest relating to overdue amounts, being the interest (additional to ordinary interest) that is payable by borrowers in default, which is accrued and unpaid up to the date the Court approves the settlement. Bendigo and Adelaide Bank managing director ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
The Fair Work Commission (FWC) review of default superannuation will cost $400 million and throw the superannuation of 2.25 million Australians into "turmoil", the Financial Services Council (FSC) has claimed. The FSC's claims come on the back of a ...

Banks will struggle to profit from super: Sunsuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... market share would make up for drop in fees. The big four banks have indicated that they will aggressively pursue the default market should it open up to general competition (currently the modern awards system means it is something of a closed shop). ...

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... However, the bigger decisions - such as whether taking an income stream should be mandatory or there should be an opt-out default option akin to MySuper - may take longer. Questions such as compulsory annuitisation - which was given a prominent place ...

Life's a bargain

BENJAMIN ONG  |  FRIDAY, 18 JUL 2014
... "west" goes further and makes pariah in financial markets, this too would boomerang on the "west" if this forces Russia to default on its debt - the experience of the 1998 Russian debt default attests to this. These are the reasons why financial markets ...

UK annuities policy dubbed 'political schizophrenia'

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
... currently under-regulated retirement phase. One of these was compulsory annuitisation. The other three were: extending a default MySuper-style product into retirement; policy incentives to encourage the take-up of income streams; and amending laws to ...

Confidence key to financial future: Murray

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  TUESDAY, 15 JUL 2014
... believes the retirement phase of superannuation is also underdeveloped. While compulsory super payments are guided to default accounts for workers that are less engaged in the system, on retirement people have to make critical decisions regarding when ...

CFMEU organiser posed as Cbus employee

JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... how much we paid, they were going to close us down anyway." O'Neill said his employees asked Lis-Con to switch to a new default super fund "after all the leaks" from Cbus.

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... regulatory incentives, such as taxation measure, to encourage retirees to take income streams rather than lump sums; a default retirement income option, akin to MySuper, that retirees can opt out of; and compulsory annuitisation. The interim report also ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
Financial System Inquiry (FSI) chairman David Murray spoke at the National Press Club following the release of the FSI interim report. "Thank you to the National Press Club for the interest you have shown in today's release of the interim report of ...