Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 351 - 360 of 1970 results for "Default"

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 ...

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 ...