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Showing 321 - 330 of 1219 results for "Switch"

Super fund halves admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAR 2021
An $11.2 billion superannuation fund will halve its administration fees later this month. Mine Super is reducing its MySuper administration fees by a whopping 50%, dropping to $52 per year from $104. "We know the fees you pay today can make a big difference ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading and deceiving members in relation to switching super funds. ASIC has taken Federal Court action against Rest for false or misleading representations ...

Financial services workers hunt new roles

ELIZA BAVIN  |  TUESDAY, 23 FEB 2021
Most banking and financial services professionals in Australia are looking for a new job in 2021, according to the new Robert Walters survey. A whopping 65% of banking and financial services workers said they are searching for a new opportunity this ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... services (fees for no service), the failure of advisers to provide those services, and the failure of product issuers to switch off advice fees of customers who did not have a financial adviser. In March 2017 ASIC released findings from its review highlighting ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
The High Court has affirmed the Federal Court's 2019 decision that two Westpac subsidiaries provided unlicensed personal financial advice. In a decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
The inauguration of Joe Biden as the US's 46th president and his almost immediate buckling down to work garnered much of the media's attention last week. Hours after he was sworn in, Biden signed 17 executive orders, memorandums and proclamations ...

Group insurance using shoddy data: Rice Warner

KARREN VERGARA  |  TUESDAY, 19 JAN 2021
The poor quality of group insurance data is conducive to administrative blunders that are notoriously difficult to rectify, according to Rice Warner. Superannuation funds and their life insurance partners are falling short of improving data collection ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... the bat, members will start seeing the benefits of the merger," she said. Tasplan recently told members of its plans to switch from lifecycle MySuper to single strategy, citing higher administration costs for the lifecycle among the reasons. MTAA Super ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
After four years of offering its MySuper option as a lifecycle product, Tasplan plans to switch back to single strategy citing higher costs among the reasons. The $11.5 billion superannuation fund is set for a merger with the $12.6 billion MTAA Super ...

Hostplus axes manager

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
... investment option. However, the Australian shares option that members who do not choose another option will be automatically switch to does have higher fees. Balanced Equity Management - Australian Shares has a management fee of 0.13%, no performance ...