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Showing 361 - 370 of 1965 results for "default"

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 ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... focus on delivering better performance and minimise unnecessary expenditure," she said. From 1 July 2021, employers cannot default new staff to their chosen super if employees do not nominate a fund or provide any details. Instead, employers will obtain ...

Club Plus announces insurance changes

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
... ways to deliver the best possible product and service for our members." Club Plus members with insurance will also see default waiting periods for short term income protection extended from 21 days to 30 days. The lump sum insured amount for short term ...

Sunsuper ups TPD premiums

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... disability insurance from 1 January 2021. This is the first increase for Sunsuper members since 2014. A 35-year-old female with default cover for example, will pay an additional $0.52 per week or $27.04 per year. The largest overall increase for a member ...

AustralianSuper dodges advertising scrutiny

KARREN VERGARA  |  FRIDAY, 6 NOV 2020
The nation's largest superannuation fund is facing heat for not divulging details of its $11 million marketing expense and how effective that has been in acquiring new members. AustralianSuper chief executive Ian Silk faced the Standing Committee ...

Three in a row for NSW? MySuper says so

JAMIE WILLIAMSON  |  WEDNESDAY, 4 NOV 2020
... funds' performance over 10 years backs the experts' thinking - the Blues are set to make it three in a row. In the default MySuper stakes, NSW comes out on top, with funds ranking inside the top 10 on a one, three, five, seven and 10-year basis. ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI
Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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