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Showing 321 - 330 of 397 results for "MySuper products"

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
Superannuation funds with MySuper products should be allowed to extend their default offering into retirement, and should include annuities in that offering, Challenger has told the Financial System Inquiry (FSI). In its second submission to the FSI ...

Brogden rejects cross-selling enticement fears

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
Banks would not legally be able to offer incentives to business bank clients to entice them into their MySuper products, the Financial Services Council has said. The statement came in response to claims from Industry Super Australia that, in the event ...

What happened to the ISA-FSC accord?

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
... retail funds are eager for this to happen, as they will be able to target their business bank customers with their MySuper products. Whiteley, however, has hope that the system as it stands will remain. "My instinct is that any government would be highly ...

Sunsuper prepares for end of super in awards

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
... both BT and Colonial First State intend to use their business bank connections to gain new employers for their MySuper products. When asked whether he was concerned about this apparent distribution advantage that big banks have over industry funds, Hartley ...

Retail funds also guilty of 'Compare the Pair' vagueness

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
... Financial Services Council director of policy Andrew Bragg said: "Unless the advertisement compares like with like MySuper products, they will be meaningless for the 80% of Australians who are in default funds. "The latest version of the ISA ad compares ...

Research contradicts group risk claims crisis

MARK SMITH  |  MONDAY, 16 JUN 2014
... superannuation group insurance survey of 14,834 risk options offered by 206 super funds, master trusts and their included MySuper products. The research house found that premium value, which is a measure of the amount of insurance members receive and ...

MySuper dashboards, ASIC warns trustees

ALICE URIBE  |  THURSDAY, 22 MAY 2014
... review suggests that trustees have shown a good level of compliance with the product dashboard requirements for MySuper products." But in a veiled warning to super fund trustees, ASIC said: "The overall impression formed from the mandatory elements and ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
... life insurance products within super where no financial product advice has been provided, except in relation to MySuper products." The inquiry into the Corporations Amendment (Streamlining of FoFA) Bill 2014 will present its final report to the Senate ...

Industry responds to super fees study

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
... expensive funds even before the fee is subtracted. Industry Super Australia (ISA), meanwhile, claimed that retail MySuper products were on average more than 25% more expensive than MySuper products of the Industry SuperFund group. Like AIST, ISA argued ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
... fees down, will not succeed sufficiently. While many historically expensive retail funds have developed low-fee MySuper products, the report said this was not the whole story. "Some [retail funds] have grandfathered products, closing them to new members ...