Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 311 - 320 of 1965 results for "default"

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... and what options may be required for changes to the current regulatory framework. Occupational exclusions occur when the default insurance cover is not available or only partially available for certain occupations that an insurer has classified as higher ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... "closed cartel" with high fees, low competition, and non-meritocratic fund flows. As a solution, it proposes every standard default superannuation to be held by a single fund overseen by an independent board of trustees, with the capacity for Future ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... warned funds to not sneak in returns from other super products into MySuper returns while combining returns from multiple default products. In cases of mergers, the continuing MySuper product's performance will be used for the test. Earlier this ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... group insurance cover for members working in hazardous occupations after stapling. FSC said if a MySuper product's default life insurance cover has occupations-based exclusions, a member working in one of those occupations may be unable to claim ...

Active Super rejigs MySuper

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... impact the way investment options are managed," the fund said. Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information. ...

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... Superannuation funds reported a median return of 18.1% for the 12 months ending June, and 7.9% p.a. over three years for workplace default options, according to Rainmaker Information.

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information. Rainmaker's Lifecycle Index beat its Single Strategy MySuper ...

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... 1980-84 returned 26.5% in the year ending June, according to Rainmaker's performance tables for workplace super (MySuper/default) which includes single-strategy as well as lifestage options. However, Essential's performance over three years puts ...

Superhero launches super offering

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 JUL 2021
The trading platform has launched a superannuation fund, which will allow members to choose their own investments at a stock-by-stock level. Superhero says Superhero Super will allow Australians total transparency and control over their super investments ...

S&P launches new ESG tilted NZ index

ELIZABETH MCARTHUR  |  TUESDAY, 20 JUL 2021
... that have also been driving investor interest in ESG. For example, there has been increased attention to how responsible default providers for KiwiSaver (New Zealand pension funds) are with their investment portfolios," S&P APAC lead of ESG indices Ryan ...