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Showing 121 - 130 of 1969 results for "Default"

AustralianSuper well placed to achieve mega-scale ambitions: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
AustralianSuper has the right strategic recipe and leadership to continue delivering for members, but there are some areas to keep an eye on, Morningstar says. Releasing its review of the nation's largest superannuation fund, Morningstar said the fund's ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... reported strong investment performance as its five-year transformation program takes shape. The $70 billion super fund's default MySuper investment option delivered a "healthy" 9.1% return over the past financial year, while its aggressive option generated ...

Magellan warns of staggering sovereign debt

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
... away". The first option is politically unpalatable and appears unlikely, Di Marco and Pullen say. "The second option - default - would be an outright disaster and can be avoided by countries that issue debt in their own currency such as the US. Thus ...

Industry fund merger finalised; seven board exits confirmed

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... Reiter was named chief technology officer, joining from Cbus Property. According to Rainmaker Information, CareSuper's default balanced option has delivered a 7.3% annual return over the decade to September 30. Similarly, Spirit Super's default balanced ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
The corporate regulator is suing Oak Capital, alleging it deliberately circumvented the National Credit Code by writing loans to companies it knew were for individuals before repossessing their homes when they couldn't repay. Oak Capital is a private ...

Cbus implements senior redundancies

ANDREW MCKEAN  |  THURSDAY, 31 OCT 2024
... corruption allegations in relation to the Construction, Forestry, and Maritime Employees Union. All that being said, Cbus' default growth option has performed reasonably well over the long term. According to Rainmaker Information, it has returned ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
ESSSuper is moving members in its default investment option to the newly launched Balanced Growth Managed option. Members currently in the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts ...

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... trillion allocated over the 57 MySuper products in the corresponding period. The average account balance of those in a default option ($69,000) is almost half that compared to those in a choice accumulation product ($126,000). Choice transition to retirement ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... $55,000 with a super balance of $95,000, who is single, owns her home, and plans to retire at 67. For this scenario, the default retirement income projected by calculators varied by 74%, ranging from $29,928 to $52,000 a year - which could be the difference ...

Schroders launches high yield credit strategy

MATTHEW WAI  |  FRIDAY, 27 SEP 2024
... in the cycle and aims to provide attractive income opportunities, offering daily liquidity while effectively managing default risk." Mason added flexibility is a key driver "to invest across the Australian credit universe, unconstrained by benchmarks ...