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Showing 421 - 430 of 1970 results for "Default"

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 ...

AustralianSuper gives Rio Tinto slap on the wrist

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... member direct options. The majority, 79% or $715 million, of that holding comes from member money in AustralianSuper's default MySuper investment option. The mining giant is the fund's 10th largest Australian equities holding. "We've had ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... costs and performance, the impending implementation of the Financial Accountability Regime and ongoing discussions about default arrangements and enhanced prudential oversight. "Other issues include demographic shifts and changing customer preferences ...

Senator criticises lazy super system

JAMIE WILLIAMSON  |  FRIDAY, 5 JUN 2020
... "The problem with best-in-show is that it's a little bit complicated to explain. It was one solution to changing the default mechanism, but I think that there are other ways and other things we should consider when we look at changing default too," ...

MySuper goes back-to-back in the black

HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
... return. "These results mean that despite the impact of the CFC on the real economy, its impact on returns of diversified default super funds is relatively subdued," Rainmaker said. "The MySuper index has fallen back only to where it was 12 months ago." ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... revealed a timeline of trouble for embattled Mayfair. Vasco says Mayfair 101 Holdings owes $76,965,000 excluding interest and default interest. Mayfair 101 managing director James Mawhinney asked the trustee of the IPO Wealth Fund to tap into capital ...