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Showing 521 - 530 of 1970 results for "Default"

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 ...

Super Consumers Australia launches, slams MySuper products

KRISTI CHENG  |  WEDNESDAY, 25 SEP 2019
... "These superannuation laggards continue to attract tens of thousands of new members each year through a badly designed default system," said Super Consumers Australia acting director Xavier O'Halloran. He said the superannuation system is an "unlucky ...

Businesses warned to avoid dud funds

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... showed 76% of those who participated consider fees to be the most important factor, after performance, when selecting a default super offering. "Taking the time to choose the right fund matters because there is such variation between the best and worst ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... be able to implement the requirements because it relies on members supplying detailed occupation information to retain default insurance. "This is not realistic and to work in practice funds will need to utilise a range of information to establish if ...