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Showing 421 - 430 of 818 results for "Retail fund"

Industry responds to super fees study

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Superannuation industry bodies have responded to the Grattan Institute's report on super fees, arguing that fundamental change is not necessary. Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees (AIST), said that the ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
The government should get involved in picking default superannuation funds in order to increase competition and bring down fees, a Grattan Institute report has argued. The report, entitled 'Super sting: how to stop Australians paying too much for superannuation' ...

CBA integrates online business banking with MySuper

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
Commonwealth Bank of Australia (CBA) has taken its campaign to become a major player in employer superannuation up a notch, integrating its business banking services and MySuper product on its online banking tool, NetBank. The integration of the two ...

Industry fund claims experience worse than retail: PWC

LAURA MILLAN  |  FRIDAY, 4 APR 2014
The claims experience at industry superannuation funds has deteriorated in recent months and is now worse than in retail funds, PriceWaterhouseCoopers partner Barry Rafe said. Speaking at the Financial Services Council 2014 Life Insurance Conference ...

Super returns up slightly to 12.8pct

ALEX DUNNIN  |  FRIDAY, 4 APR 2014
The SelectingSuper Workplace rolling 12 month default option index recovered slightly during February to return 12.8% up from 12.5% at end January albeit this is still sharply down from December's 16.1%. Underpinning the results are that the rolling ...

Lawyer exposes ASIC favours to big players

LAURA MILLAN  |  THURSDAY, 3 APR 2014
Former Australian Securities and Investments Commission (ASIC) lawyer James Wheeldon has revealed the regulator gave favourable treatment to the big end of the market. Wheeldon appeared yesterday at a public hearing of the Senate inquiry into the performance ...

Bank complaints over TV ads seek to "stifle" competition: ISA

LAURA MILLAN  |  WEDNESDAY, 2 APR 2014
Industry Super Australia (ISA) said that major banks were behind the complaints to the Australian Securities and Investments Commission (ASIC) in relation to the organisation's new 'Compare the Pair' television commercials. ISA deputy chief executive ...

ASIC to consider complaints about ISA's 'Compare the Pair'

LAURA MILLAN  |  TUESDAY, 1 APR 2014
... David Fawcett talked about "calculations clearly by people who are supporting retail funds where they show that a retail fund's performance for a given set of conditions clearly exceeds that of the average industry fund." "Yet the advertisement would ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
Commonwealth Bank (CBA) is asking the Financial Systems Inquiry to remove super from awards and to amend legislation so employers can select any MySuper product as the default fund for their employees. In a submission to the Murray inquiry, CBA said ...

QSuper unveils 'industry first' lifecycle product

JAMES FERNYHOUGH  |  THURSDAY, 27 MAR 2014
Public sector fund QSuper has expanded the lifecycle model to include account balance as well as age in its new MySuper product, QSuper Lifestage. While most lifecycle products focus exclusively on age, with younger members on more growth oriented strategies ...