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Showing 501 - 510 of 1970 results for "Default"

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 ...

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 ...