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Showing 381 - 390 of 1970 results for "Default"

AMP awards mandate to BlackRock

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... NZWM's move to a predominantly index-based strategy, including for clients in its NZ$6.2 billion KiwiSaver Scheme, the default pension for more than 200,000 members. AMP is one of the nine default providers to the scheme, appointed by the New Zealand ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
Ahead of its proposed merger with Cbus, Media Super has announced an increase in insurance premiums for default and non-default income protection. The premiums will increase from 1 December 2020 and will apply to members who receive automatic default ...

Through good and bad: Advisers add value

JAMIE WILLIAMSON  |  THURSDAY, 15 OCT 2020
... surveyed over 3000 non-advised super members and found 67% didn't know how their funds were invested or relied on the default option, investing with an asset allocation of little to no relevance to their personal circumstances. "Advisers provide important ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... ABC, surprising many in the industry. But, Hume insisted reform was necessary - especially to enhance the performance of default MySuper products. "There are over 90 MySuper products, which are supposed to be the most basic that people get defaulted ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... "IFL and AMP both operate in the corporate super segment, a large part of which is MySuper. We expect funds who act as default funds for young employees will have a more competitive position to weather these reforms, but we do not believe AMP and IFL ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... have a number of concerns. There is the danger of people being mis-sold or stapled to an underperforming fund outside the default system. It is also a concern that there may be individuals who find themselves uninsurable because they are stapled to a ...

Vision Super appoints deputy chief executive

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... paying less in fees, at the same time as improving results," Vision Super chief executive Stephen Rowe said. "Our MySuper default balanced growth option is top three over the last financial year, and top ten over all periods up to ten years. Most of ...

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 ...