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Showing 1031 - 1040 of 1955 results for "Default"

Firms urged to get ready for SuperStream

AAP  |  TUESDAY, 10 JUN 2014
... opt in to use SuperStream, an electronic payments system that treats all super contributions in the same way, whether default or choice fund, or a self-managed fund. ATO national program manager for SuperStream Philip Hind said the new system would reduce ...

FSC and ISA both claim Federal Court victory

JAMES FERNYHOUGH  |  TUESDAY, 10 JUN 2014
... of Employment Minister Eric Abetz. In a statement, his office said: "The Federal Court decision has confirmed that the default superannuation review process cannot continue without a new appointment to the expert panel being made by the Government. However ...

Federal Court hears FSC's complaints against FWC

JAMES FERNYHOUGH  |  FRIDAY, 6 JUN 2014
... unlikely such a decision will be made prior to July 7. [the date the FWC is likely to begin making final decisions on default super.] "If we want to raise these points, we must raise them now." The counsel also argued that the FWC can "churn through" ...

Ross signals he will step down from Expert Panel

JAMES FERNYHOUGH  |  THURSDAY, 5 JUN 2014
... Panel. Whatever the outcome of Friday's hearing, the FSC's main goal of ending the Fair Work Commission's involvement in default superannuation will likely be strengthened by the FWC's backtracking.

FSC-ISA court clash to go ahead

JAMES FERNYHOUGH  |  TUESDAY, 3 JUN 2014
... could conflict with the proper performance of my functions as an Expert Panel Member participating in 4 yearly reviews of default terms. Consequently, whilst I continue with that work, I will be wholly disqualified from participating in these reviews. ...

Super returns dampen but still double digit

STAFF WRITER  |  MONDAY, 2 JUN 2014
The SelectingSuper Workplace rolling 12 month default option index dampened further during April to return 11.1%, down from 12.6% at end March, 12.8% at end February which was up marginally from 12.5% at end January. According to the figure at end December ...

MySuper is bringing fees down: Rice Warner

JAMES FERNYHOUGH  |  THURSDAY, 29 MAY 2014
... charged by super funds, arguing that a cheaper alternative would be for the government to have a tender process for a single default superannuation provider. While Bonarius dismissed the notion that a single provider would be cheaper, he conceded that ...

PE outperforms ASX and super funds

ALEX DUNNIN  |  THURSDAY, 29 MAY 2014
... to 20% for S&P/ASX 300. These figures are also significantly ahead of the 16% achieved by the SelectingSuper workplace default fund index. AVCAL chief executive, Yasser El-Ansary, said, "This is a good set of numbers. The index has shown strong returns ...

Cbus insurance premiums jump to almost $15 a week

JAMES FERNYHOUGH  |  TUESDAY, 27 MAY 2014
... to a spike in claims. Following renegotiations with group insurer Hannover Life Re of Australasia, Cbus members on the default option will now be paying $14.30 a week, compared with $7.80 previously. They will be getting the same death and total and ...

Don't be afraid of sales, industry funds told

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... industry funds have tended not to cultivate personal relationships with the businesses to whose employees they provide default super. "I remember my first conversation with AustralianSuper, I was with Ian Silk, the CEO. And I said to him, 'Ian, how many ...