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

Search Results

Showing 31 - 40 of 117 results for "Pension product"

Super funds embrace derivatives to meet retirement goals

KARREN VERGARA  |  FRIDAY, 1 DEC 2017
Superannuation funds are increasingly using derivatives to combat sequencing risk as the demand for more retirement-focused products grows, the latest Milliman survey shows. Milliman head of fund advisory services Michael Armitage said as financial ...

Pensioners to pay less at industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2017
One of Australia's largest superannuation funds cut administration fees across all its pension products as of 30 September. Sunsuper members with an income account will now pay $1 less per week, with the $46 billion fund dropping weekly pension fees ...

APRA cuts red tape on superannuation transfers

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
APRA is reducing the barriers for super funds to transfer members and merge or wind up products following industry consultation. The regulator's Prudential Practice Guide SPG 227 Successor Fund Transfers and Wind-ups (SPG 227) widens the definition ...

Industry fund offers retirement income bonus

EMMA RAPAPORT  |  THURSDAY, 20 JUL 2017
... 2016. Another Queensland-based fund also implemented a pension bonus offering, beginning 1 June, 2016. Sunsuper's pension product originally included a bonus of up to $2400 for eligible members who transitioned their superannuation into an income account. ...

AMP super trust adds $450m corporate fund

ALEX BURKE  |  MONDAY, 20 FEB 2017
... named SignatureSuper as the "top-rated corporate product in Australia and AMP SignatureSuper as the top-rated pension product." Cashflows in AMP's wealth management division, including its corporate super business, took a substantial hit in FY16. The ...

Sunsuper continues push into adviser market

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2016
Sunsuper has appointed two new business development managers (BDM) and launched an online portal for financial advisers. Alessandra Bertora and William Burke both joined the Queensland-based company last month, charged with "growing Sunsuper's membership ...

Sunsuper offering pension bonuses

DARREN SNYDER  |  FRIDAY, 29 APR 2016
... transitioning retirement savings to an income account as part of a wider retaining strategy. The $34 billion fund's new pension product will include a bonus of up to $2,400 for eligible members who transition their superannuation into an income account ...

Lump sum withdrawals to fall to 4% by 2025: Rice Warner

KERRIE SYDEE  |  TUESDAY, 29 MAR 2016
Only 10% of retirement assets were taken as a full lump sum in 2013-14 according to research by Rice Warner, destabilising the view that many retirees rapidly spend their super and fall back on a full Age Pension. Used to support its 2016 pre-budget ...

Australian Catholic Super launches retirement income product

STAFF WRITER  |  THURSDAY, 8 OCT 2015
Australian Catholic Superannuation and Retirement Fund has launched RetireSmart, a new account-based pension product. RetireSmart is an automated retirement income solution based on the "bucket" strategy used by financial planners. Australian Catholic ...

MyPension product to solve retirement income hurdle

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
Superannuation industry heavyweights have collectively called for a MySuper-like product to simplify retirement income for retirees. "There are $430 billion worth of superannuation savings sitting in [MySuper] products where pretty much everything is ...