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Showing 301 - 310 of 1965 results for "default"

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... on 30 June 2020 figures) of the APRA-regulated superannuation sector. They are typically more complex and varied than default MySuper products, making comparisons more challenging, Cole said. "The new Choice Product Heatmap will make clear which trustees ...

Rest firms up net zero pathway

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... if the global community acts to keep temperature rises to well below two degrees Celsius by 2100. For example, in its default Core Strategy investment option annualised investment returns could be nearly two percentage points higher by 2040 if the world ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... super fees have fallen by a quarter, with about half of the action taking place in the last three years alone. Six in 10 default MySuper products reduced fees in 2020/21, with fees now averaging 1% overall. The average default MySuper product now charges ...

Christian Super enhances insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... functioning activities without assistance or adaptation. Members under 30 years old will also now receive the same amount of default TPD cover as they do death cover. Currently they receive more TPD cover as this age cohort has typically needed more ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... employer's superannuation fund choice, which prohibits using inducements to influence employers in their choice of a default fund or to encourage employees to choose or retain membership of a fund. Press said that trustees should familiarise themselves ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... introducing an enforceable standard that will prohibit the use of exclusions and restrictive disability definitions in default group life insurance for those who are in high-risk occupations. The standard will apply to FSC superannuation and life insurance ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... total 42,261 bank complaints. The top five complaints received were due to unauthorised transactions, service quality, default listing, failing to respond to request for assistance and incorrect fees or costs. Over half were resolved at the registration ...

NZ Super Fund delivers 30%

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
... treasury bill return by $13.02 billion (29.4%), as well as its benchmark by $757 million (1.73%). Australian super funds' default strategies delivered a median return of 18.1% p.a. while the Future Fund achieved 22.2% p.a. over the same period. NZ ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... CFS's communication (via letters and calls) may have encouraged members to stay in FirstChoice instead of switching to the default MySuper product. The incidents relate to the period between 18 March 2014 and 21 July 2016. The Royal Commission referred ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
As calls for the Future Fund to become Australia's default superannuation manager are renewed, Rainmaker Information has run the numbers on what that might look like. Speculation over whether the sovereign wealth fund should be charged with managing ...