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Showing 331 - 340 of 1953 results for "Default"

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 ...

Aware Super eyes another merger

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
... superannuation, strong values and cultural alignment, as well as a similar member demographic," the funds said. VISSF is the default superannuation fund for employees of independent schools in Victoria and 75% of its members are female. Similarly, more ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
... 2019, and premiums for income protection are not changing, the fund noted. Members aged between 35 and 64 years old with default cover will see their premium go up 33.6%, from $3.78 to $5.05 per week. All other age cohorts will see premium increases ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default superannuation product product from single strategy (which uses same asset allocation for members of all age) to lifecycle ...

Cbus appoints three investment heads

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
... best-performing MySuper option as at November end, with 4.2% p.a. returns. It was outstripped by Australian Ethical Super's default fund (6.1%p.a.), Vision Super (4.8%p.a.), BUSSQ (4.6%p.a.), UniSuper (4.4%p.a.).

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... don't improve, there's real risk that pressure could grow for the regulator to prohibit them from being offered as default MySuper products."

Hostplus called out on climate change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... regulators, it needs to listen to its members," Market Forces asset management campaigner Will van de Pol said. "As the default super fund for the hospitality, tourism and sports industries, Hostplus' members want to see their fund investing in a ...

Group insurance using shoddy data: Rice Warner

KARREN VERGARA  |  TUESDAY, 19 JAN 2021
... insurance provider. There are about 10 million superannuation accounts that hold insurance, of which 86% are set on a default basis, according to ASIC. Members paid an estimated $4.1 billion in insurance premiums in the 2020 financial year alone. With ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... MySuper to single strategy, citing higher administration costs for the lifecycle among the reasons. MTAA Super runs its default superannuation product as single strategy. T asplan raised its income protection premiums by 7.3% as at end of September 2020. ...

MySuper performance recovers, hits record high

KARREN VERGARA  |  MONDAY, 11 JAN 2021
Default superannuation funds have fully recovered from COVID-induced losses, yet underperformance within the asset classes remains rife, according to new Rainmaker data. Rainmaker's November 2020 MySuper index has reached a record high, bouncing ...