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Showing 321 - 330 of 1952 results for "Default"

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... Super reforms. This instance was cited as a case study in the Royal Commission. Under the reforms, a member's accrued default amounts of super were to be transferred to a MySuper option by 1 July 2017, unless a member opted out of the transfer. An accrued ...

Two Aussie CIOs on top 100 list

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... Statewide's MySuper product returned 6.8% p.a. in the year ending February 28, giving it the 26th spot in return rankings of default products. It is the sixth-best performing MySuper option on a seven year basis with 8.1% p.a. returns. Brake was ...

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
... result of members switching to cash from riskier investments, and it was largely older members sitting outside of the default MySuper options. "While this was equivalent to only around 1.5% of funds under management for the system as a whole, it was ...

UniSuper tops MySuper league tables

KANIKA SOOD  |  WEDNESDAY, 14 APR 2021
UniSuper topped MySuper tables for the three years to February end, as default options hit their one-year high since COVID-19 started. UniSuper Balanced returned 8.3% p.a. over the three-year period, making it the best performing MySuper option. It ...

Credit Suisse confirms multibillion-dollar loss

JAMIE WILLIAMSON  |  WEDNESDAY, 7 APR 2021
Credit Suisse has announced the departure of several senior staff members while confirming a $6.13 billion loss, reportedly linked to the collapse of family office Archegos Capital. Credit Suisse said it expects to incur a pre-tax Q1 loss of $1.25 billion ...

APSS explores merger with Sunsuper

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
... that will continue in a Sunsuper and QSuper merged fund," Fraser said. The APSS noted that Australia Post Group has other default superannuation arrangements in place which will be unaffected by the merger discussions. The latest development follows ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... as being designed for investors seeking certainty and confidence in their investments and therefore carried no risk of default. This was not true. The court concluded there was a risk that investors could lose some or all their initial investments. The ...

Rainmaker reveals 2021 AAA super products

JAMIE WILLIAMSON  |  TUESDAY, 23 MAR 2021
... 2000 fee options and 15,000 group insurance choices. The ratings also now consider risk-adjusted performance in the main default investment choices. This year saw 149 products from not-for-profit funds and 49 from retail funds make the cut. Last year ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... have confirmed that dividend payments are not included in the best financial interests test and are deemed to pass by default. "There is also the capacity for profit-making vehicles to leverage their corporate structures to the advantage of growing their ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... trustees taking these concerns seriously or else action will be taken. Rowell expects trustees to have appropriately designed default insurance that balances costs and the needs of members, and to give insurers enough time to prepare for tenders. "APRA's ...