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Showing 171 - 180 of 1952 results for "Default"

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... claims that when members didn't make any contribution to their Rest account for 13 continuous months or more, the default income protection insurance policy didn't provide the member with any coverage and when members held multiple income protection ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... while 62% of these will seek this advice from a financial adviser. Briggs said that treasury should be careful not to default superannuation members into government-designed retirement products as 40% of participants voted against the idea. "Consumers' ...

Indexed strategies to hit $1tn in two years

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... executive director of research and compliance Alex Dunnin said. "Within some asset classes, this will make indexing the default investment style, adding pressure on the business models of active managers." The research shows that exchange-traded funds ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... A critical part of the solution is making sure superannuation has pathways that help nudge people towards well-rounded default solutions for funding retirement, he said, warning that notions of "a standardised product" need to be approached with care. ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... after it made a round of cuts. On January 1, Qantas Super premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement (TPD) cover were lower by about 16%. TPD cover, for example, for ...

AMP names new group insurer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
AMP has named a new default insurance provider for its superannuation offering to replace Resolution Life. TAL is the new group insurer for AMP Super Fund, which includes its flagship product SignatureSuper. Commenting on the transition, AMP general ...

NGS Super finds new administrator

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... with Mercer and thank them for their professionalism and hard work," she said. Last year, NGS Super launched its Easy Default offering which aims to help members manage savings while hitting retirement income objectives.

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... such client had financial difficulties, with not enough in the SMSF to cover insurance payments, while facing a potential default on their home loan. The Administrative Appeals Tribunal affirmed that Anderson had failed to act in the best interests of ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... settings that better suit their circumstances. "These settings could include a range of features or products, such as 'default' drawdown rates, investment strategies and/or longevity products," the paper read. Changing the minimum drawdown framework ...