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Showing 391 - 400 of 1953 results for "Default"

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... contributes $1 for every $5 in voluntary contributions made by a member (to a maximum of $10,000); implementing a single default superannuation account to avoid account balance erosion; and also urged the government to amend the Electronic Transactions ...

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
Default MySuper products delivered negative returns in the 2019/2020 financial year, but the results weren't as bad as they could have been. According to the Rainmaker MySuper investment performance index, MySuper products delivered an average return ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... 2017 to 2020, ASIC engaged with seven superannuation businesses that were classifying new members as 'smokers' by default, hitting them with higher life insurance premiums in the process unless the member took active steps to opt out of this ...

Another merger at First State Super

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
... Aware Super, in September) will be the second largest superannuation fund after AustralianSuper. WA Super, which is the default fund for local government employees in Western Australia, previously tried and abandoned a merger with Statewide Super and ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
... saying this suggests pension schemes have a responsibility to put the issue of tackling climate change at the heart of default strategies instead of expecting consumers to make the change and select ethical or green fund themselves. It also found 79% ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
There have been renewed calls from the country's major life insurers and adviser groups for a reset of the life insurance sector to allow for greater access. The Choice and Assess to Life Insurance (CALI) campaign, includes members from AIA, MLC ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... restricting the number of superannuation funds to just 10 ("best in show", productivity commission), Future Fund managing default retirement savings, separating superannuation from workplace agreements and the place of self-managed superannuation funds. ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... (which provides access to a smaller range of investment products offered by related parties)." NULIS said it does not default members into either option, and that each member must apply for the option that suits their needs, supported by their financial ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... back. Super funds going cash flow negative does not mean that members lose money. Rainmaker expects super fund returns in default MySuper options to remain relatively buoyant despite taking a hit from the pandemic.

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... another four months is going to delay any possible change to dividend policy into FY21." Despite these escalating loan default concerns, he does not believe that we are likely to see further capital raisings from the banks. "The bank's balance sheets ...