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Showing 331 - 340 of 1970 results for "Default"

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... balanced profile is now reflecting an allocation of about 70% risky investments and 30% secure investments. This is the default super option for many industry and retail superannuation funds," Philpot said.

Aware Super eyes IFAs, hires lead

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
Aware Super is targeting the independent financial adviser market, bringing in a former long-serving BT Financial Group staffer who will take charge of advice relationships. Warwick Gribble is Aware's new national manager of advice relationships, responsible ...

Hostplus holds on to MySuper top spot

KANIKA SOOD  |  WEDNESDAY, 9 JUN 2021
... fallen to a sector median of 1.0% while the cash index dropped to 0.0% for same period," Rainmaker said in a report. Among default MySuper single-strategy options, Hostplus came out on the top with 24.4% in the year to April end. Hostplus' returns ...

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
... are TAL (37%), AIA (22%) and MetLife (14%). ASIC estimates that 86% of superannuation members with insurance are on the default settings. "Many superannuation members are not even aware that they have insurance through their superannuation, or that they ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... coverage or the wrong insurance policy if the stapling reforms are passed into law. Under the reforms, workers will have one default fund that follows them from job to job. "Some total and permanent disability (TPD) and life insurance policies are industry ...

AMP loses default KiwiSaver mandate

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
The New Zealand government's review of default KiwiSaver providers has resulted in AMP not being reappointed. New Zealand's default retirement savings scheme KiwiSaver works by having a network of default providers which manage client money in balanced ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... December 2020, Media Super had already increased income protection premiums. From July, income protection in the fund's old default cover will increase from $1.80 a week to $2.14 a week. The default cover has also switched from 30 days/five years to ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... disincentivised to cut fees further," Briggs said. "Whilst funds that have very large numbers of duplicate accounts in the default system who are now increasing their fees are being rewarded for making themselves look cheaper than they actually are." ...

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 ...