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Showing 1051 - 1060 of 1954 results for "Default"

FSC and ISA clash over super and awards

LAURA MILLAN  |  THURSDAY, 24 APR 2014
... Super Australia (ISA). The FSC questioned the validity of the FWC expert panel and its ability to undertake a review of default superannuation funds in modern awards. The organisation is now seeking an urgent hearing with the FWC before the April 28 ...

ISA 'deeply concerned' over banks' MySuper campaign

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
... superannuation in awards, saying it is "deeply concerned" by the big bank-led push to take the Fair Work Commission out of the default super selection process. ISA chief executive David Whiteley said the Fair Work Commission's involvement acted as a ...

CBA integrates online business banking with MySuper

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
... services will make it easier for CBA business clients who have chosen Colonial First State (CFS) Essential Super as their default fund to pay their employees' super contributions. The move is part of the bank's strategy to become a major player in the ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
... up to their MySuper products, according to Cbus chief executive David Atkin. Currently, super funds wishing to provide default superannuation to certain industries must go through a gruelling approval process with the Fair Work Commission (FWC). But ...

SEC reopens target date funds disclosure review

ALEX DUNNIN  |  WEDNESDAY, 9 APR 2014
... FUM increased 29% and that about 70% of US companies with retirement schemes report offering target date funds as their default investment option.

NGS Super lifts premiums for older members

JAMES FERNYHOUGH  |  WEDNESDAY, 9 APR 2014
... benefits and income replacement have significantly improved in many cases. Currently, a 40-year-old member receives a default TPD lump sum payout of just under $240,000. Under the new deal, this will drop to $140,000. Meanwhile, the 40-year-old's weekly ...

Super returns up slightly to 12.8pct

ALEX DUNNIN  |  FRIDAY, 4 APR 2014
The SelectingSuper Workplace rolling 12 month default option index recovered slightly during February to return 12.8% up from 12.5% at end January albeit this is still sharply down from December's 16.1%. Underpinning the results are that the rolling ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
... Systems Inquiry to remove super from awards and to amend legislation so employers can select any MySuper product as the default fund for their employees. In a submission to the Murray inquiry, CBA said that "the process to select default superannuation ...

Cbus first industry fund to get Lonsec rating

MARK SMITH  |  MONDAY, 31 MAR 2014
... for an industry superannuation fund. Lonsec has assigned the rating to all Cbus investment options including the Cbus default option -- Cbus Growth (Cbus MySuper), where 90% of the funds 700,000 plus members have their money invested. The rating further ...

Individual cover through super, key to insurance recovery

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
The real opportunity for the insurance industry lies in encouraging consumers to enhance their default life risk cover within their superannuation, MetLife and Financial Services Council (FSC) research has concluded. "The real challenge for the industry ...