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Showing 501 - 510 of 1953 results for "Default"

Industry fund hikes insurance premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... members automatically receive both death and TPD cover as well as income protection cover upon joining. Under the changes, default income protection premiums have increased by 37% from $110.80 per annum to $151.80 per annum for a 45-year-old member. ...

Inflation the forgotten risk to retiree portfolios

HARRISON WORLEY  |  WEDNESDAY, 30 OCT 2019
... phase. "It makes no sense for a de-accumulator," he said. "And even some of the large funds, we're seeing take their default accumulation strategy, add a small percentage of cash to it as a buffer, pay 60% out and call that a pension strategy. "I ...

Frozen fund pays investors

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
Investors stuck in a Queensland-based mortgage income fund that went belly up in the GFC have finally received an interim distribution. LM First Mortgage Income Fund's unitholders are set to receive an interim distribution of 6.5 cents for each dollar ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... lawyer at Maurice Blackburn Miranda Nagy said the case will focus on CFS' failure to transition $3.2 billion of accrued default amounts over to the lower-cost, higher-performing MySuper product in a timely way in the best interests of members. "The ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
ASIC is calling time on the financial services industry's reliance on disclosure as the default consumer protection, saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make ...

Aussie employers understand importance of advice

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
Most Australian employers understand access to financial advice through default super is important to their employees, latest research shows. State Street Global Advisors 2019 Global Retirement Reality Report (GR3) reveals 61% of Australian employers ...

Australia's best risk-adjusted MySuper option revealed

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
Hostplus has the best three-year returns in default superannuation products but if risk measures are taken into account, another industry fund takes the top spot, according to new Rainmaker research. HESTA emerged as Australia's best risk-adjusted ...

Spotlight on super welcomed

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... as well as it can be." The Financial Services Council took a similar view, with chief executive Sally Loane adding the default once system recommended by both the Royal Commission and the Productivity Commission were too important to see pushed to one ...

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
... existence of that debt, or that charge. Instead, they are holding those securities in escrow, so that in the event of a default of the borrower, those securities come out of escrow and become they seek to then register them. However, if they register ...

MySuper not the only problem: AIST

HARRISON WORLEY  |  THURSDAY, 26 SEP 2019
... accounts were created for MySuper products in the bottom quartile for performance, pointing the finger at a "badly designed default system" and labelling super an "unlucky lottery". But Scheerlinck hit back, reminding SCA that underperformance across ...