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Showing 291 - 300 of 1965 results for "default"

QSuper merger update, fee cuts

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
... as part of Australian Retirement Trust for existing QSuper members, future employees of the Queensland government and default members as well as spouses and children of QSuper members who join the fund. "Following our merger with Sunsuper, we expect ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
A former Commonwealth Superannuation Scheme and APRA executive has developed a 'smart default' fund which he claims could boost retirement balances by more than 35%. Douglas Bucknell, founder and chief executive of Tailored Superannuation Solutions ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... first change that would have impacted the calculator's projections came in March 2016 when the fund made changes to its default insurance premiums. Other changes made over the years that were not reflected by the tool include administration fee and insurance ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... unveiled Standard No. 27 Removal of Occupational Exclusions and Occupation Based Restrictive Disability Definitions in Default Cover, following a consultation period. On the back of the Your Future, Your Super reforms, the removal of such exclusions ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... passing with a score of 0.60%. Of those that passed, TWUSUPER (-0.47%), Westpac Group Plan MySuper (-0.46%), Mine Super's default lifecycle option (-0.44%) and Rest (-0.43%) came the closest to failing. Incitec Pivot, LGIAsuper and Suncorp Lifestage ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... for the funds that raised fees, 90% of these involved investment fees going up." Previous research by Rainmaker shows default MySuper fees have dropped to an average of 1%. In the last decade, super fees have fallen by a quarter, with about half of the ...

Default super delivers best performance in 34 years

KARREN VERGARA  |  MONDAY, 29 NOV 2021
New research reveals that default workplace superannuation funds achieved the best average returns of 18.8% in the last 34 years. Rainmaker reviewed more than 3200 investment options in its 2021 Super fund performance study, which are offered by 238 ...

ASIC reviews super calculators

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
ASIC is proposing to overhaul superannuation calculators and retirement estimates so that the tools complement the upcoming Retirement Income Covenant. Seeking industry feedback until 28 January 2022, the corporate regulator launched a consultation ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... However, APRA has made several determinations, including that AMP's failure to provide over 2000 MySuper members with default insurance cover between 2014 and 2019 is likely a breach of the SIS Act, and that AMP did not effectively ensure that insurance ...

Aussies in the dark over super stapling

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... Consumers Australia welcomes the stapling measure but is calling on the government to ban occupational exclusions from default life insurance in super. "Stopping the scourge of costly duplicate accounts will ultimately lead to bigger retirement savings ...