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Showing 1881 - 1890 of 4848 results for "super funds"

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... outset, there was "a very high level of variation" in TPD definitions used in the insurance products offered through the super funds. These variations make it difficult for consumers to compare the insurance offerings between funds or to understand insurance ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... estimated there are about 10 million unintended multiple accounts - this represents 35% of the total accounts held by super funds. This calculates to $690 million and $1.9 billion annually in excess administration fees and insurance premiums respectively ...

ASIC to ramp up trustee visits

KARREN VERGARA  |  FRIDAY, 7 SEP 2018
... gets up and running. While it's easy to get caught up in the fact that the Royal Commission focused more on retail super funds, Eccleston reminded all trustees that it's not about whose behaviour is better than the other. It's about: "Am I doing the ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
... solution Jonathan Shead said he would be surprised if there are any new products in the next 12 to 18 months. "Most super funds are not wanting to get ahead until the legislation is settled, which we expect to be around this time next year," Shead said. ...

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... Conference in Cairns this morning, AIST chief executive Eva Scheerlinck said the Commission has essentially proven retail super funds - together with their trustees and independent directors - are unable to protect members from fee gouging and other ...

SMSFA questions three-year audits

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
The SMSF Association has cast doubts over the proposed three-year audit cycle for some self-managed super funds, stating the change may "undermine" the integrity of the sector. SMSFA chief executive John Maroney said the shift to three-year audits would ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... from the $67.1m it originally reported in July. Former NULIS Nominees chair Nicole Smith, the trustee for MLC's super funds, told Hayne PSFs deducted from members NAB wasn't entitled to did not constitute a criminal offence. NAB chief customer officer ...

Super assets hit new record

STEPHEN FAY, DARREN SNYDER, KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... growth for super assets was lower than the average investment return. This was due to net contribution outflows from super funds and overall expenses. Total contributions dropped $7.6 billion to $109 billion over FY18 thanks to less member contributions. ...

MetLife partners with industry fund for digital tool

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... central to the platform's ability to provide a faster and easier claims experience. Additionally, the technology allows super funds to quickly and easily incorporate the platform into their member websites, portals, and apps without the need for additional ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... on misconduct in the superannuation industry, which was released on Friday night, showed the wrongdoings of retail super funds were dominant in the 223-page document. Counsel assisting Michael Hodge said it is open to Commissioner Kenneth Hayne to find ...