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Showing 341 - 350 of 1953 results for "Default"

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... capital market indexes represents almost half of all superannuation assets." The report also revealed that one-third of default MySuper products are tracking below their investment objectives. The report compared super fund asset class sector average ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... with the outdated Activities of Daily Living definition. ASIC also released a report on group insurance, finding that default insurance through super was often misunderstood by consumers and didn't always provide value for money. This is just one ...

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
ASIC has published a new report, aiming to determine whether consumers are receiving value for money in default insurance in superannuation. Report 675 Default insurance in superannuation: Member value for money explores metrics that ASIC said can help ...

Aware Super completes WA Super merger

KANIKA SOOD  |  FRIDAY, 4 DEC 2020
... and WA Super signed a memorandum of understanding and entered due diligence on March 4 this year. WA Super, which is the default fund for local government employees in Western Australia, previously tried and abandoned a merger with Statewide Super and ...

ASIC to improve default insurance

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
... premiums in different categories. ASIC assessed what assumptions trustees made about members and how they determined that the default was appropriate for their membership. There was "significant variation in the sophistication of trustees' assumptions" ...

Retail default fund tops performance table

KARREN VERGARA  |  THURSDAY, 3 DEC 2020
A retail MySuper fund delivered the best returns in the three years to October, the latest Rainmaker league table shows, but on an aggregate industry superannuation funds outranked peers. Australian Ethical Super's balanced accumulation fund (6.7% ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
Mercer is introducing a series of changes to its default and lifecycle products, which includes slashing administration fees and simplifying fee structures. From 1 April 2021, Mercer Super Trust will drop two sets of headline admin fees. MySuper members ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... superannuation product that meets their needs. Treasury Laws Amendment (Measures 4 for consultation) Bill 2020: Single default 5 account will staple new employees to their existing super fund in a bid to curb them from having multiple duplicate accounts. ...

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... $42,100. The 95/5 split with self-annuity starting at 85 delivered $43,100. The report also summarised stakeholder views on default retirement income products, such as CIPRs, which were generally supportive. It also suggested adding insurance for aged ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... their fund. Some were able to do so in one contact session. "Some members discovered during this process that they had default insurance which did not seem to be adequate for their needs. Some discovered that their cover was much less than they thought ...