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Showing 481 - 490 of 1953 results for "Default"

AMP given the boot by AFL

KANIKA SOOD  |  TUESDAY, 3 DEC 2019
AMP has lost its long-standing mandate as the default superannuation fund for the Australian Football League's players and employees. Starting 28 February 2020, Hostplus will be the AFL's default fund of choice. AMP won the mandate in 1999 ...

Industry fund previews new insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... death, TPD and income protection cover they have into Rest, even if it's not with a super fund. Rest will also change its default income protection benefit period from up to age 60, to a new default period of up to five years. "While this generally reduces ...

Cbus hikes fees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
Cbus has announced it will align its super and retirement fees with account keeping fees. The weekly fee for members will increase to $2 from $1.50 from February 2020. Cbus chief executive David Atkin said the move was the first account keeping fee ...

FSC hails super choice amendments

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... choose their own superannuation fund have been hailed by the Financial Services Council as a positive step forward for default super. FSC chief executive Sally Loane welcomed yesterday's introduction of the Treasury Laws Amendment (Your Superannuation ...

Superestate eyes property mandates

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... in the space, doing the investment management." Brits pointed to the approximately $80 billion allocated to property by default super products, and noted a significant proportion of that exposure was commercial. "If we had 1% going into residential ...

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
Australians should not be able to be defaulted into or even be able to choose to enter an underperforming superannuation fund, according to AustralianSuper chief executive Ian Silk. Appearing before the House of Representatives Standing Committee on ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
Insurance premiums have risen by up to 21% for members of an industry superannuation fund. As of this month, First Super and its group insurer MetLife have bumped up the cost of death, TPD and voluntary income protection cover. According to the fund ...

Media Super winds up income investment option

ELIZABETH MCARTHUR  |  MONDAY, 18 NOV 2019
The $6.2 billion superannuation fund Media Super has issued a notice to members notifying them that its Income Plus investment option will close effective 5 February 2019. The fund said the ongoing low bond yield environment has put performance of its ...

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... compelling countervailing factors to do so," she said. Chester added it was time to "call time" on disclosures as the default for consumer protection, saying that mandated disclosure and warnings have often failed to deliver the intended consumer outcomes ...

Waiting periods cost 214% on premiums: Research

ELIZA BAVIN  |  FRIDAY, 15 NOV 2019
Premiums on income protection can be up to 214% higher if a member is defaulted into a shorter waiting period, research presented at the Challenger Financial Standard Technical Services Forum shows. Presenting at the forum yesterday, Rainmaker head ...