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Showing 411 - 420 of 1965 results for "default"

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 ...

Changes to advice incoming: Bragg

ELIZA BAVIN  |  THURSDAY, 16 JUL 2020
... members; we need to stop having an opaque system." Bragg reaffirmed he believes Australia should use the Future Fund as the default super fund for all Australians, with individuals making the decision to switch to another fund if they see fit. "We need ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
Three of the United States' biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... undertaking following the Royal Commission on "inducements" and how super funds entice businesses to choose them as a default fund for employees. "There has been law reform around inducements and we have been discussing with funds what those law reforms ...

Cbus, Media Super start due diligence

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... but the merger will be a significant addition in scale for Media Super. On a three-year basis to April end, Cbus's default option is the 11th best performer with 5% p.a. in returns while Media Super is the seventh best with 5.2% p.a, according to ...

Industry fund eyes KiwiSaver accounts

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... have been working through the many regulatory changes," Watson said. According to the APRA heat map, First Super's default option's total fees fell from 1.64% at November, 2019 for a $50,000 account balance, to 1.19% at May, 2020 for the same ...

Cbus, Media Super explore merger

KANIKA SOOD  |  THURSDAY, 25 JUN 2020
... but the merger will be a significant addition in scale for Media Super. On a three-year basis to April end, Cbus's default option is the 11th best performer with 5% p.a. in returns while Media Super is the seventh best with 5.2% p.a, according to ...

Industry fund in successor fund transfer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
... the preferred fund as it can also provide sub-plans and separate identities for those sub-plans and continued existing default insurance cover through Hannover Re. Speaking to Financial Standard, OneVue executive general manager, superannuation administration ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... continue being members of the fund, provided they served for at least 12 continuous months. As a result, the fund has added default insurance cover for death and total permanent disability (TPD) cover for members who meet four conditions: discharged ...