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

Search Results

Showing 471 - 480 of 1970 results for "Default"

Madison advisers loyal amid sale

KANIKA SOOD  |  WEDNESDAY, 4 MAR 2020
... 101 active advisers at December end, before Sargon Capital's Chinese lender forced it into administration after a default on making interests payments on a loan. At February 27, it had 107 advisers, according to ASIC FAR's most recent dataset. ...

Allianz Retire+ moves to increase retiree confidence

HARRISON WORLEY  |  TUESDAY, 3 MAR 2020
... Advisers can model a large number of possible strategies, instead of just one based on a risk questionnaire or selected by default. Allianz Retire+ head of product and customer experience Jacqui Lennon said the new tool could help ensure retirees can ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... it. FPA chief executive Dante De Gori said that the argument that MySuper members are disengaged because they are in the default option and therefore do not require advice is incorrect. "Many people choose to stay in a MySuper investment option because ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... disability claim volumes requires an overall increase in the rates charged by its group insurer, TAL. Currently, those in the default manual occupation pay $2.68 per week for death and TPD cover, as do those deemed non-manual and professional. Members ...

NZ blacklists fossil fuels from super

ALLY SELBY  |  MONDAY, 2 MAR 2020
The New Zealand government has hardened its stance on climate change, barring fossil fuel producers from default accounts in its voluntary super system. Approximately 690,000 New Zealanders in default KiwiSaver accounts will no longer have exposure ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... rather than individuals who don't," Grattan said. "And poor-performing funds would be forced to merge or miss out on the default market entirely." The recommendation is one of several made by the institute in its submission, including the establishment ...

Academics protest UniSuper investments

HARRISON WORLEY  |  WEDNESDAY, 26 FEB 2020
... its ongoing campaign to "pressure UniSuper to align its investments with the Paris climate agreement." "UniSuper is the default superannuation fund for Australia's academics, scientists, researchers and university employees. As such it should be at the ...

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% ...