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Showing 271 - 280 of 1965 results for "default"

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... with a $50,000 balance is now paying $128 per annum in admin fees - a saving of $10. For a member with $50,000 in Rest's default option, the total fees to be paid are $438 per annum, the fund said. Further, the average Rest member has about $35,000 in ...

Retirement Income Covenant a win for advisers - but for how long?

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... entire picture... that's what I'd do differently," he said. And so, if the Covenant leads to the creation of smart default retirement products by super funds and simplifies the decision-making process for retiring members, Dunnin says the real ...

Corporate fund to join Australian Retirement Trust

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
... Super. "We are pleased that Incitec Pivot Employees Superannuation Fund has selected Australian Retirement Trust as the default superannuation fund for its employees," he said. "This follows other significant corporate appointments of Australian Retirement ...

You can't have it all: Retirement income strategies

JAMIE WILLIAMSON  |  THURSDAY, 16 JUN 2022
... led the panel moderator, AIST senior policy manager David Haynes, to ask whether that means there is a place for a 'soft default' product under the reforms. Brinsmead believes there is, given the number of retirees that don't want to be too involved. ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... around $1.2 trillion, equivalent to 34% of the total sum insured across life, TPD, and IP," the report said. Although default insurance can generate benefits in aggregate terms, current approaches were signalled as being too broad. By using richer data ...

A mixed year for super: KPMG

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... ramp up efforts to meet their current and future member needs, the report said. Moreover, inflows are no longer driven by default arrangements and retaining scale will be about the attraction and retention of members, the report added. Further to demographic ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... superannuation as wages during certain periods. He also again promoted giving all Australians access to the Future Fund as a default option as well as ensuring laws stop superannuation waste like uncommercial payments to unions. Unlike the Labor party ...

75% of Aussies don't understand group cover: MLC Life

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... cover may be at risk. "This poses a potential risk for individuals who change jobs, in particular, those not covered by default (under 25s and those with low balances) and people who are stapled to a fund but move into a role that's riskier to their ...

Mayfair sues Mission Beach lender

ELIZABETH MCARTHUR  |  THURSDAY, 14 APR 2022
... administer the discharge of their loan which was secured by mortgages over 109 individually titled properties in the region. Default interest has been compounding monthly at the rate of 40.2% per annum, with Napla claiming on 30 November 2021 it was ...

End choice dashboard delay: AIST

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... target returns and fees across the thousands of choice super products in the market. Scheerlinck added trustees of MySuper default funds had been required to provide dashboards since 2013 but, due to continued deferrals by the government, funds with ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI
Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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