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Showing 371 - 380 of 1953 results for "Default"

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
MySuper funds continue to recoup coronavirus-induced losses, as the latest Rainmaker research finds default products have on average gained three out of every four dollars lost in February and March. The 2021 financial year kicked off in positive territory ...

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
... million in costs has been taken out of the business. The total fees on a $50,000 balance have been cut from $488 to $463 for default Super Saver members. In September 2017, total fees were $538 so Vision Super said reducing that to $463 in just three ...

Court blocks bid to freeze Phil Kingston's assets

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
A court has blocked an attempt by Sargon's Chinese lender to freeze the assets of Phil Kingston, as the latter heads towards public questioning next month. China Insurance Finance Group Ltd commenced court proceedings on August 24, seeking repayment ...

Portfolio insurance provides strong protection: Research

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
... income from their retirement savings." The portfolio insurance strategies aimed to address some deficiency in the current default superannuation fund options that most people invest in. Xu said few could be immune to the market turmoil that occurred ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... benefitted members to the tune of $21 million per annum as at 30 June 2020. In December last year, four of Mine Super's default lifecycle products were criticised for their unsatisfactory investment performance and relatively high fees based on APRA's ...

Australian Ethical rejigs insurance

ANNABELLE DICKSON  |  TUESDAY, 15 SEP 2020
... insurance offering. The ethical super fund has issued a significant event notice to its members outlining the changes to default death and total permanent disability (TPD) cover and fixed cover which includes death, TPD and income protection. The default ...

ISPT writes down assets

JAMIE WILLIAMSON  |  THURSDAY, 10 SEP 2020
Industry Super Property Trust has spoken of the substantial devaluations a recent review of its holdings resulted in, as it processes about 1400 requests for rental relief. Appearing before the House of Representatives Standing Committee on Economics ...

MySuper products show resilience

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2020
... analysis shows. Last month generated a positive performance of about 1.7% for superannuation fund members invested in the default option, according to the research firm's MySuper single strategy index. The index comprises 20 not-for-profit MySuper ...

Vanguard fund drops "cash plus" name

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
... a June, 2018 review. APRA at the time clarified asset-backed and mortgage-backed securities, commercial bonds, credit default swaps and hybrid debt instruments couldn't be passed off as cash. In managed funds land, ratings house Zenith last May stopped ...

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... Australian economy withstood the US savings and loan crisis of the early 1990's, the Asian currency crisis/Russian debt default/Long-Term Capital Management (LTCM) collapse in 1997/98, the September 11 terrorists attacks on the US and the subsequent ...