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Showing 331 - 340 of 1193 results for "Switch"

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee (SG) contributions had to switch payment methods to either Electronic Funds Transfer or BPAY, as Westpac considered it impracticable to complete its ...

Hostplus can't be killed: Sicilia

ELIZABETH MCARTHUR  |  FRIDAY, 18 SEP 2020
Hostplus chief investment officer Sam Sicilia has firmly rebutted speculation that COVID-19 and the early release of super scheme could have caused a liquidity crisis, detailing a series of extreme events that wouldn't "kill the fund". "There was never ...

Fees should reflect investor skill: AB

ELIZA BAVIN  |  WEDNESDAY, 16 SEP 2020
Active managers should only charge fees in line with the returns generated from the investment manager's skills, according to Sharon Fay, chief responsibility officer at AllianceBernstein. Speaking at the JANA Annual Conference, Fay said not all active ...

NAB fined over fees for no service

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
... have been charged for a service that was not received, and NULIS and MLCN should have made it clearer that customers could switch off the Plan Service Fee." The judgement noted that while MLC Nominees was trustee, it deducted around $59 million from ...

LIC seeks conversion to ETF

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
In a rare move, a listed investment company is looking to convert to an ETF in an attempt to close discount for investors. The Monash Absolute Investment Company (MA1) wants to restructure to an exchange traded managed fund (ETFMF) to re-set the market ...

Vanguard fund drops "cash plus" name

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
Vanguard has joined the growing line of fund managers snipping the "cash plus" tag from their short-term fixed income funds, as ASIC sharpens focus on managed funds advertising. Effective October 1, the Vanguard Cash Plus Fund will be renamed the Vanguard ...

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
"If the mountain will not come to Muhammad, then Muhammad must go to the mountain." True to its legend, the Jackson Hole symposium - online as it may be this year due to the pandemic - produced another significant shift in US monetary policy. On August ...

COVID-19 may delay retirement: WTW

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
A new report from Willis Towers Watson suggests the effects of COVID-19 could delay a person's retirement by as much as eight years. WTW said a range of factors caused by the COVID-19 pandemic mean superannuation fund members may need to keep working ...

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... underestimated," he said. In addition, the discounted policies are more likely to lapse due clients wanting to continually switch to a lower first year premium. "In 2019, life insurers lost $1.3bn, lapse rates for traditional life insurers remained stubbornly ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the future of the super industry. "Funds would become more like banks and we would all need to look at our asset mix and switch it up for shorter-term investments," Doyle said. "If you park your money in cash, and now that the scheme has been extended ...