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Showing 1151 - 1160 of 1955 results for "Default"

UniSuper awarded MySuper licence

JAMES FERNYHOUGH  |  FRIDAY, 28 JUN 2013
... caters to the higher education and research industry, has been awarded its MySuper licence. The fund's current 'balanced' default option will become its MySuper offering for Accumulation 1, Accumulation 2 and Spouse Account members. "Given the investment ...

Two new MySuper approvals bring total to 43

MARK SMITH  |  THURSDAY, 27 JUN 2013
... funds to 43 as the financial year draws to a close. NGS Super has made its Diversified investment option - currently the default product - compliant with MySuper. NSF's product will be known as NFS MySuper. "We see compliance with regulatory reform as ...

Labor completes super agenda with passage of four bills

JAMES FERNYHOUGH  |  TUESDAY, 25 JUN 2013
... year. Also passed was law ensuring income tax relief for superannuation funds without MySuper licences when they transfer default accounts to another super fund. The most complicated bill in the quartet is the Superannuation Legislation Amendment (Service ...

Coalition pledges support for super laws amendments bill

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
... licence. Under MySuper regulations, funds which do not offer a MySuper product must transfer the funds of members' who hold a default account into the MySuper account of another super fund. The proposed amendments to the Income Tax Assessment Act 1997 ...

Fund CEOs slam MySuper as 'death by a thousand cuts'

JAMES FERNYHOUGH  |  MONDAY, 17 JUN 2013
... spend the next five years figuring out who to merge with," one respondent said. As most funds will simply repackage their default options, the general feeling was that MySuper reforms were pointless. The report also found that industry funds feared that ...

StatewideSuper withdrawn from SelectingSuper assessment

STAFF WRITER  |  THURSDAY, 13 JUN 2013
... information group is unable to support its quality assessment grading for the fund. The $4 billion Adelaide-based super fund's default investment option is currently returning -0.5% pa over five years to end April 2013, according to SelectingSuper's ...

The death of QE

BENJAMIN ONG  |  THURSDAY, 6 JUN 2013
... pitfalls of our bigger neighbours as it has done during the 1997 Asian crisis, the 1998 LTCM bankruptcy and Russian debt default, September 11, 2001, the 2002 US recession and the 2008 global financial crisis, to name a few. The Australian dollar dropped ...

Super fund returns recovery rolls on

ALEX DUNNIN  |  TUESDAY, 4 JUN 2013
... The recovery in super fund returns has continued apace in April 2013 as the SelectingSuper Workplace rolling 12 month default option index climbed again to 12.7%, its second highest level in three years. Explaining why rolling 12 month returns remain ...

William Blair targets super fund investors with 'game theory'

MARK SMITH  |  TUESDAY, 28 MAY 2013
Chicago-based asset manager William Blair's head of dynamic allocation strategies Brian Singer has been in Australia promoting the firm's Macro Allocation Fund to institutional investors. The strategy is centred on the investment philosophy of 'game ...

Liquidity concerns push CSC to change target allocation

ALEX DUNNIN  |  MONDAY, 27 MAY 2013
Commonwealth Super Corporation (CSC), trustee for the Public Sector Super Scheme, has made changes to its default option in response to the Stronger Super reforms that require improved operational risk reserves. The CSC made the changes to lift its ...