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Showing 121 - 130 of 1965 results for "default"

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 ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
In August, Finder's Consumer Sentiment Tracker recorded the highest level of mortgage stress since it first began tracking in early 2019. More than two in five (42%) homeowners struggled to pay their home loan in August with an estimated 1.4 million ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... involved determined members (those with workplace agreements), there are questions about how the judgment could apply to default or MySuper members, depending on the nature of the fund's trust deed, he said.

ASIC updates super calculator relief instrument

KARREN VERGARA  |  MONDAY, 16 SEP 2024
ASIC is updating the default rate of nominal wage inflation in its relief instrument, which will affect those who provide superannuation forecasts. The default rate of nominal wage inflation will decrease from 4% p.a. to 3.7% p.a. in ASIC (Superannuation ...

HESTA lowers insurance fees

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... option's strategic asset allocation will be brought to similar levels as the Balanced Growth option, the super fund's default product. The growth portion of the Sustainable Growth option will reduce from 72% to 68%. The defensive allocation will ...