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Showing 21 - 30 of 76 results for "Cash option"

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... and pension accounts will see an increase of four basis points. That applies to all investment options except the cash option, which remains unchanged. Meanwhile, Statewide members will soon be paying cheaper insurance premiums. Death only premiums will ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
One of the country's largest industry funds has announced a new fee for retirees. First State Super customers will face changes to the Retirement Income Stream (RIS) and Transition to Retirement Income Stream (TRIS) fee structure on 1 April 2020. ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
AMP is reducing investment and administration fees across its suite of superannuation products, including removing the Stronger Super fee it introduced in 2013 to finance the implementation of the reforms. The fee cuts will be applied to MySuper, choice ...

Superannuation fund tweaks fees

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
... investment fee and indirect cost ratio for all mixed asset class options will reduce between 0.02% and 0.15%. The ethical cash option will reduce by more than half to 0.17%. Meanwhile, the variable administration fee will increase to 0.27%. The current ...

Super fund slashes fees, switches administrator

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
... fees ($88) have been removed. The Sydney-based super fund also announced it will automatically switch balances to the cash option for members who have passed away, provided formal notification of their death is received. This is to ensure benefits are ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... alleged CBA-owned super fund Colonial First State and AMP Super failed to obtain competitive cash interest rates on cash option funds and charged exorbitant fees. Slater and Gordon estimates CFS and AMP members have lost up to $500 million from their ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
... Studies said. The report states: "In practice, institutional superannuation funds can structure arrangements for their 'cash option' funds, and use novel bank deposit products for their 'balanced' (or other) funds to offset some of the interest rate ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... Wholesale cash options ranged from 1.19% to 1.9%. Its group superannuation product charges a 2.01% fee, while the cash option in the First Choice pension product charges 1.14%. Elkins said the pension product is inclusive of a 60bps trailing commission ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... fifth tranche of members that needed to be transferred. CFS subsequently identified a sixth tranche, members in its cash option. In September 2017, at the time of the 19th update, CFS' final transfer of the 7000 ADAs in FirstChoice Super occurred - it ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
... policies such that an appropriate framework is in place, including criteria for inclusion of particular assets in a cash option."