Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 461 - 470 of 1953 results for "Default"

OneVue recoups $4.36m from Sargon

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
OneVue Holdings has sold Sequoia shares which it took control of earlier this month from a Sargon subsidiary. Now, it's scouting buyers for Madison Financial Group. The Sequoia shares fetched OneVue net proceeds of $4.36 million (or about 18 cents a ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... premiums under fixed cover will rise by 2%. "The new legislation will reduce the number of members who will have automatic default cover. This means there'll be fewer insured members to share the cost of cover, ultimately increasing the cost of cover," ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... cost of IP will go up, while the cost of death cover will come down. The net effect spells an increase in the cost of default cover for most HESTA members. The only exception is the 67 to 74 age group, whose fee for standard cover will become about 10% ...

AustralianSuper secures corporate mandate

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
Australia's largest super fund is the new default superannuation provider for an ASX 200 company with over 1200 employees. AustralianSuper Select is now the default fund for McMillan Shakespeare Group, effective February 1. McMillan Shakespeare ...

Westpac also owed money by Sargon

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... be not until next year. A Sargon spokesperson said the company won't be providing comment on the Taiping Trustees default or the Westpac facility's details.

Super fee obsession must stop

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
... regulatory changes in recent years is an increased (and problematic) focus on highly liquid, low-cost investment products in default superannuation funds and the implied need for superannuation funds to increase liquid holdings." "Drivers of this include ...

Retail funds outperform, but industry funds dominate

HARRISON WORLEY  |  MONDAY, 3 FEB 2020
... headwinds hit the sector. According to SelectingSuper performance tables for the year ended December 31, AustralianSuper's default investment option was the best performing default option in personal super over the last three years, returning 10.2%. ...

New MySuper outcomes tool set for release

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... AustralianSuper could have done for TWU Super's members." He added it would also open debate as to whether using a single default product to serve the interests of super fund members was a good idea. "In some cases, some funds are able outperform ...

American private debt fund eyes Australia

KANIKA SOOD  |  THURSDAY, 23 JAN 2020
... not lend money to private equity firms looking to finance a buyout. It prefers to be the sole lender in transactions and default rates sit at less than 1% of the total transaction volume of about US $9 billion, its co-founders Richard Levy and Brendan ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... in July 2016 - NULIS was the trustee of that fund. The class action alleges MasterKey Business Super and Personal Super default members were left idling in products with higher fees and paying commissions to financial advisers that would have been banned ...