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Showing 131 - 140 of 1070 results for "NOTHING"

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... that this error in no way affects members' account balances, nor has any financial impact on your account, so there's nothing you need to do. The purpose of the calculator is only to provide an estimate of your super account balance at the time of retirement ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... shows no evidence of being able to pay there; there is a strong public interest in protecting the public; and there was nothing inappropriate about ASIC seeking bankruptcy or that it did so without costs assessed. King was one of five former executives ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... ISA's chief executive Bernie Dean said that any changes to policy must be driven by members' financial interests, and nothing else. "Not everyone is getting the same deal," Dean said. "We need to make sure young mums are paid super when they take ...

The dark side of super switching: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... pandemic progressed, with 'bad' switches defined as having a negative impact on superannuation balances compared to doing nothing. The researchers theorised this increase in switching behaviour is directly associated with the ease of online switching ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... around bonds is so opaque it makes the disclosures meaningless as simply listing the issuer of a bond tells investors nothing about its credit quality and interest-rate risk. Super funds investing in external bond funds will only have to disclose the ...

SCA slams five super funds' junk insurance

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... "Despite recent improvements in the sector, a worryingly high number of funds have chosen to sit on their hands and do nothing. This leaves people being charged for insurance policies they will find next to impossible to claim on," he said.

Why advisers must understand Retirement Income Covenant

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... specifically, Cooper said it will impact advisers. "I think it's going to be impossible for advisers just to act as if nothing has changed," he said. The Retirement Income Covenant says trustees must maximise retirement income, manage risks to the ...

New super fund prepares for launch

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... is that it's much more administratively challenging and there is a truism in the market that for most people, 'there is nothing self-managed about a self-managed super fund'." He added that Tomorrow Super offers many SMSF attributes but aims to do so ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... highlighted numerous holes in the Compensation Scheme of Last Resort in a bid to prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC to strengthen enforcement of existing ...

Funds will have to guide members on SRM, LTRM

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... years, then the short-term is risk measure is actually helpful information to them. If we take it away, there'll be nothing for people to understand well what sort of risks [they face in the short-term]," he said. Fryer said there may be room for ...