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Showing 481 - 490 of 1965 results for "default"

American private debt fund eyes Australia

KANIKA SOOD  |  THURSDAY, 23 JAN 2020
... not lend money to private equity firms looking to finance a buyout. It prefers to be the sole lender in transactions and default rates sit at less than 1% of the total transaction volume of about US $9 billion, its co-founders Richard Levy and Brendan ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... in July 2016 - NULIS was the trustee of that fund. 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 ...

Super fund lowers MySuper fees

KANIKA SOOD  |  MONDAY, 13 JAN 2020
A $6 billion superannuation fund has lowered fees for its balanced MySuper option. TWUSuper's default members will go from paying $808 per year in total fees to $758 per year for every $50,000 in balance, after changes that came into effect on 1 ...

LGIAsuper offloads European assets

ALLY SELBY  |  THURSDAY, 9 JAN 2020
... long-term, highly diversified approach to investing has proven successful with members receiving 9.1% growth in LGIAsuper's default MySuper Lifecyle U75 investment option over 34 years to 30 June 2019 and 8.6% over the past 10 years," she said. She argued ...

China's growth to slow: PIMCO

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2020
PIMCO is forecasting a slowdown in China's GDP growth in 2020 as tensions between the Asian nation and the United States continue into the New Year. The company's global economic advisor, Joachim Fels, and chief investment officer global fixed income ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... Financial Standard revealed AMP lost its long-standing super mandate with the Australian Football League. It was replaced as default fund by a major industry fund, effective February 2020. AMP had held the mandate for 20 years, having first won it in ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... members, because it has been designed with pilots, cabin crew, and ground operations staff in mind." OnePath will provide default superannuation cover (death, total and permanent disability and income protection) and voluntary cover. Qantas Super chief ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... Warner said that funds could see outflows of members if they fail to meet industry standards. "If the system for selecting default funds changes, or if funds fail to meet the tests under either of APRA's Member Outcomes or ASIC's Design and Distribution ...

AMP to cut contribution fees

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
... superannuation, retirement and platforms Lara Bourguignon, AMP has said it will cease charging and paying contribution and non-default contribution fees in the best interests of its clients. Contribution fees will be removed from six superannuation products ...

MySuper heat map lauds industry funds

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... head of superannuation research Jason Ross told Financial Standard that despite its flaws - not including the cost of default insurance for example - the heat map was serving its purpose for the regulator by benchmarking funds following the Royal Commission ...