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Showing 491 - 500 of 1953 results for "Default"

No pat on the back for high performers: APRA

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
... said "The decision to focus on five-year returns highlights the long term nature of superannuation. "With insurance being default opt-out for most members, this benchmarking aspect is also very important."

Default insurance likely to go: Silk

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
... executive Ian Silk has predicted a decline in the important of insurance in superannuation, including its ousting as a default portion of the system. Appearing as part of a panel discussion about the future of super at the ASFA Conference in Melbourne ...

Defined contribution: A global perspective

HARRISON WORLEY  |  THURSDAY, 14 NOV 2019
Superannuation executives at the ASFA Conference have learned of the challenges facing other defined contribution pension systems around the world. Kicking off the second day of the ASFA Conference in Melbourne, Challenger retirement income chair Jeremy ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
The $54 billion industry superannuation fund is dipping its toes into the world of corporate super, launching a new offering this week. Cbus officially launched its Cbus Corporate Super product on Monday for those who wish to join the fund via their ...

Ethics code creates confusion around ESG

ELIZABETH MCARTHUR  |  MONDAY, 11 NOV 2019
... better sense of their clients' investment preferences, and perhaps ask those questions rather than just go ahead with their default models," Marshan said. "So yes, I think those conversations will have to happen under the code." He explained that advisers ...

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... Chubb. The old IP cover was calculated on a fixed cost per unit basis. Members paid a premium of $1.28 per week, to get a default cover of up to $2550 for a month for two years in times of illness or injury. They could buy additional units if they wanted ...

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... product-level data on their fees or performance. "Lesser scrutiny of choice products means members who leave the protection of the default super system have too often been left at sea, with no way of comparing the fees or performance of the choice product." ...

Industry fund revamps MySuper offering

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise. EISS Super is switching its MySuper options from a "conservative balanced" portfolio to a "balanced ...

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
A former Aon Hewitt adviser copped an ASIC ban after he was found to have stopped 331 Aon Master Trust default superannuation members from switching to the cheaper MySuper option. Thanh Huu Tran has been banned for two years as a result of the misconduct. ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
David Atkin says mandating all default retirement income products to manage longevity risk could hamper funds' ability to tailor solutions to their member needs. Speaking at a retirement income conference in Melbourne yesterday, Atkin said Cbus is currently ...