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Showing 2231 - 2240 of 10551 results for "BEI"

SCA slams five super funds' junk insurance

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
Super Consumers Australia is calling out several superannuation funds for maintaining junk insurance that embed restrictive disability tests. NGS Super, AMP, TelstraSuper, Prime Super and Spirit Super carry the most restrictive insurance policies compared ...

Fidelity moves on net zero

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
Fidelity International launched a climate investing policy with a rating scheme in a bid to halve its carbon emissions by 2030. The policy includes the introduction of Climate Ratings which assess the net zero targets and alignment of investments. They ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
Commonwealth Financial Planning is closing, Commonwealth Bank announced today. From today forward, Commonwealth FP cannot take on any new financial advice clients. Existing advisers and clients will have until November 30 to work out next steps, before ...

BT identifies Panorama outage cause

ELIZABETH MCARTHUR  |  MONDAY, 25 OCT 2021
BT has identified the cause of its $147 billion platform being down for a week, with new chief executive Matt Rady making assurances for the future. Disruption to BT Panorama started on Monday, August 2 and full service was not restored until Sunday ...

MLC Life wins group mandate

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
MLC Life has been handed a new group insurance mandate from a retail superannuation provider. Going forward, MLC Life will provide group insurance cover to members of GROW Super, Superhero, the Allan Gray Superannuation Fund and several others after ...

Pinnacle backs investment platform

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
Pinnacle Investment Management has made a $3 million cornerstone investment in OpenInvest. Melbourne-based fintech OpenInvest said it will use the funding to increase staff numbers to continue the roll out of its investment administration technology ...

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
A Senate committee is proposing a regulatory framework for digital assets and crypto-asset businesses to protect consumers, promote investment in Australia and deliver competition, but the industry has concerns. The Select Committee on Australia as ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently pay less than ...

Christian Super enhances insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
Christian Super is reducing insurance premiums for most of its members, saying the offering now better aligns with what is available at other super funds. Premiums will change from November 1 for all occupational categories to better reflect the level ...