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Showing 511 - 520 of 1970 results for "Default"

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 ...

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 ...