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Showing 1241 - 1250 of 1955 results for "Default"

PC hands down final default super report

ALEX DUNNIN  |  MONDAY, 15 OCT 2012
The Productivity Commission has handed down its report into default superannuation arrangements, coming down largely in favour of the status quo but supplemented with improvements to the selection process and competition between funds. Its core recommendation ...

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
... released as a final draft on 3 October 2012. This prudential standard sets out requirements for the movement of accrued default amounts into a suitable MySuper product before 1 July 2017. Consultation on the draft guide closes on 5 November 2012 and ...

Overseas investors' demand replacement of LM as RE

MARK STORY  |  TUESDAY, 9 OCT 2012
... been frozen for close to three years, the value of its units has fallen from $1 to $0.73, and 89% of the loans are in default," said Bacon. "There has been no update of the asset position (RG45) for more than a year - a clear breach of ASIC regulations." ...

APRA releases final MySuper package

BEN COLLINS  |  THURSDAY, 4 OCT 2012
... were released earlier this year. The proposed final Prudential Standard sets out requirements for the movement of accrued default amounts into a suitable MySuper product before 1 July 2017. APRA Deputy Chairman Ross Jones said that although the legislation ...

Super funds out-perform TDs

ALEX DUNNIN  |  WEDNESDAY, 3 OCT 2012
... almost two-thirds higher than their cash term deposit counterparts. SelectingSuper has just reported that the workplace default option index for the 12 months to end August 2012 skyrocketed in August to 6.8%, the highest it has been in more than a year. ...

Two execs depart Telstra Super

MELANIE TIMBRELL  |  TUESDAY, 2 OCT 2012
... resigned to move to IOOF. According to the SelectingSuper performance tables, Telstra Super's one-year performance on the default-balanced option was 0% to June 30, 2012. This was below SelectingSuper's benchmark of 0.5% causing a fall in ranking to ...

Most funds to offer default IP for MySuper

BEN COLLINS  |  TUESDAY, 2 OCT 2012
More than half of Australian superannuation funds will offer default income protection in their MySuper offers, according to a survey released at the recent AIA Australia Group Insurance Summit held in Sydney. Thirty-two executives from 26 retail and ...

Retail MySuper to put NFPs on back foot

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
MySuper will result in a flip in market dynamics, with the retail sector producing the cheapest default products and industry funds forced to a defensive stance on costs, a former Future Fund boss has warned. Labelling ING Direct's newly launched Living ...

Fund returns recover to 3.1%

ALEX DUNNIN  |  MONDAY, 10 SEP 2012
The SelectingSuper workplace default option index surged in July, with the rise sufficient to push rolling 12 month returns up to 3.1% - their highest level in 11 months. The strong bounce-back was triggered by the 4.2% July monthly return from the ...

Australia: all good and wishing for the worst

BENJAMIN ONG  |  THURSDAY, 6 SEP 2012
... had been through a lot since 1991 - the stagnation of the Japanese economy, the Asian currency crisis and Russian debt default, GST, September 11, US recession, GFC, Greece - and yet, it's continued to grow... uninterrupted. Oh and also, the economy ...