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Showing 541 - 550 of 1970 results for "Default"

More jobs more problems: FSC

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... multiple superannuation accounts. The Financial Services Council (FSC) said the data should be strong motivation to fix the default superannuation system. With more people working multiple jobs they are likely to have multiple default super accounts ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... trustees that influencing employers via improper incentives in the form of goods and services when selecting or retaining a default super fund provider is illegal. Section 68A the Superannuation Industry (Supervision) Act 1993 was recently amended to ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... members being disadvantaged by the changes. "This risk is not warranted particularly in light of the significant changes to default insurance and inactive accounts through the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 which took ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... superannuation members were protected from unforeseen circumstances. "Particularly in occupations where auto-acceptance default group cover may be the only form of insurance which is available to an individual," Marshan said, echoing the thoughts of ...

Industry bodies react to APRA review

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... and long-lasting impact on Australians' retirement outcomes. "A lack of comparable performance data, notably for non-default 'choice' super products where more than $1 trillion of super savings is invested, has been the Achilles heel of our ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... lions' share of the group insurance market, new research reveals corporate fund members are more likely to take-up default insurance. After examining insurance options available via 220 products, Rainmaker's latest Benchmarking report reveals ...

ISA lays out $416bn super saving plan

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... research acts on recommendation 3.5 of the Royal Commission's final report, which suggested Australians should retain one default super account, and the development of machinery to staple a person to a single default account. However, KPMG's report Stapling ...

Super fund invests through RateSetter

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
... their sector and would encourage more super funds to consider impactful investing." According to RateSetter, its loan default rate is currently 1.6%. The platform has a provision fund which offers assurance to investors that when loans default investors ...

Super funds hard to engage with: Research

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... making a conscious decision to stay with their current super fund instead of passively accepting their new employer's default option." He puts this shift in part down to the Royal Commission raising consciousness around super and marketing efforts by ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... the Asian currency crisis - followed by the collapse of hedge fund Long-Term Capital Management (LTCM) and Russian debt default in the late 1990s when it dropped from more than US$0.80 to below US$0.60. It deflected the fallout from the 2001 US recession ...