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Showing 361 - 370 of 1970 results for "Default"

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 ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... particular have played a key role in attempting to remove duplicate accounts and unnecessary insurance through the ceasing of default insurance cover for young members, inactive accounts and low balance accounts. "The impact of this has allowed us greater ...

Industry fund names new group insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 NOV 2020
... members may see an increase to their premiums, while others may see theirs decrease. There will be different amounts of default death and TPD cover for members under 25 years of age, and income protection (IP) will better align with member salaries - ...

Super fund reappoints insurer

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... stapling proposal in the Budget, whereby members stay in the first fund they join, highlights the importance of maintaining default insurance to benefit its members. "Continuing to work with TAL to maintain the cover for our members, will help keep them ...