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

Search Results

Showing 461 - 470 of 778 results for "Super members"

Members' interests bill sits on the precipice

HARRISON WORLEY  |  WEDNESDAY, 18 SEP 2019
... older generations to the extent they have previously. According to Rainmaker, average fee and insurance costs for super members under 25 are currently more than five percent of their account balance, which is around four-times what older members pay ...

More jobs more problems: FSC

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... fees and charges." The FSC supports the recommendation of the Productivity Commission and the Royal Commission that super members should be defaulted into a super account only once and should remain in that account when changing jobs unless they actively ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... were often ineligible for retail cover and uninsurable beyond group insurance. "An overwhelming majority of Mine Super members are employed in high-risk occupations. More than half of all members are employed as miners," Mine Super said. "We therefore ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
... were excepted from the ban. NULIS became the trustee for MLC Super Fund in mid-2016. It is alleged that when MLC Super members were transferred to NULIS it decided to maintain the conflicted charges that were being paid from those members' accounts ...

Industry funds surge ahead in satisfaction

KANIKA SOOD  |  MONDAY, 8 JUL 2019
... 12 best performers were AMP (49.3%), Asgard (50.9%) and BT (52.2%), Roy Morgan said. Gainers and losers Catholic Super members' satisfaction with its financial performance dipped the most among the top-12 over the year to May, 2019. It fell 10.9% over ...

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
... as part of the Protecting Your Super changes after recently reducing costs for members. From 1 August 2019, EISS Super members will pay more for death and TPD cover, and death only cover by 7.7%. Salary continuance insurance and temporary salary continuance ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... and costs. In fact, most big industry funds seem to be increasing their fees in response to the reforms." Future Super members with an account balance lower than $1000 do not pay a dollar-based admin fee currently, and with the PYS changes designed to ...

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
Members of two industry superannuation funds will be paying higher group insurance premiums from next week as the Protecting Your Super changes kick into gear. GuildSuper and Childcare Super, which are part of the $1.7 billion Guild Retirement Fund ...

Superannuation fund cuts fees

HARRISON WORLEY  |  THURSDAY, 27 JUN 2019
... remove the set dollar administration fee it normally charges for members with balances lower than $6000. Future Super members with balances below $1000 are already not charged the set dollar admin fee. The move will see more low balance members save ...

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
... remuneration to advisers from July 2013 to now, they added. "We have formed the view that, since 1 July 2013, Suncorp Super members have been wrongfully stripped of hard-earned monies used for the payment of commissions and other fees to financial advisers. ...