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Showing 461 - 470 of 1970 results for "Default"

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... with all stakeholders to understand the potential impact of the measures. "Accessing superannuation should not be the default response to providing income support for Australians in need over the short term, so we are pleased to see that this is a temporary ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Macquarie stock has plummeted amid the COVID-19 sell-off, with shares taking a further 12.9% dive on Thursday. Since the beginning of the COVID-19 sell-off (February 21), Macquarie shares have taken a 47.6% hit. At the time of writing, the financial ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
A prominent law firm is calling for upcoming changes to default insurance within superannuation to be postponed, as the COVID-19 pandemic increases the chance Australians will need to rely on the cover automatically provided by their super fund. Slater ...

ClearView rated stable

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... first ever Fitch rating, ClearView Wealth has been declared stable. ClearView Wealth has picked up a long-term issuer default rating of BBB from credit rating issuer Fitch, the wealth manager's first rating by the firm. According to Fitch, both ClearView ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
"Whatever it takes and for however long it takes!" This is the collective battle cry of governments and central banks the world over as they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... Maurice Blackburn on behalf of 330,000 customers. 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 ...

Climate activism not translating to investing

ELIZA BAVIN  |  THURSDAY, 5 MAR 2020
... part of our market." CHOICE said fossil fuel-free super is a recent development and, as a result, fees can be higher than default super and have a larger impact on retirement savings.

First State Super and WA Super in merger talks

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... better outcomes for members. First State Super is the industry fund for teachers, nurses and carers and WA Super is the default fund for local government employees in Western Australia. First State Super and its financial planning business StatePlus ...