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Showing 471 - 480 of 1965 results for "default"

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% ...

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 ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI
Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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