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Showing 561 - 570 of 1953 results for "Default"

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Commissioner Kenneth Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining ...

Chief economist update: The Fed should act now

BENJAMIN ONG  |  FRIDAY, 29 MAR 2019
... differential flattened in late 1998. The Fed and the world dismissed that as reaction to the Asian financial crisis/Russian debt default/LTCM collapse at the time. The US economy was still doing swell, thank you very much. US GDP grew by 4.9% in the ...

Chief economist update: A question of when?

BENJAMIN ONG  |  THURSDAY, 28 MAR 2019
... the 1990 recession. The US yield curve inverted again in 1998 (the time of the Asian financial crisis, the Russian debt default and the LTCM collapse) but the Fed's quick response averted a US recession. Perhaps, glowing in its success and the booming ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report by the Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government ...

Women lead superannuation fund engagement

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... better retirement policy and industry practice. In the US, Utkus said six-out-of-10 workers are in professionally managed default funds and is mainly a choice-based system. In the past, he presented to Congress hearings discussing the Pension Protection ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... as an "open" one, meaning all investors who bought IFL stock between 27 May 2015 and 6 December 2018 are signed up by default. They will have the choice to opt-out later. It follows IOOF's Royal Commission appearance last year, where its subsidiaries ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... "Outraged at some of the behaviour and practices uncovered by the Royal Commission they decided to change their employees' default fund to one that puts members' interests first. The Royal Commission has increased awareness and led to action," she said. ...

Women-led super funds continue to shine

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... representation of women in super, the numbers show this has remained steady at 30% since 2016. Rainmaker analysed single strategy, default MySuper products offered by not-for-profit funds totaling about $860 billion in funds under management. The returns ...

IFM Investors adds policy director

KARREN VERGARA  |  THURSDAY, 28 FEB 2019
... IFM Investors on March 4. ISA chief executive Bernie Dean recently told Financial Standard that stapling members to one default account doesn't necessarily sound like a good idea. Commenting on Commissioner Kenneth Hayne's recommendation in the banking ...

'Best in show' a no go: KPMG

JAMIE WILLIAMSON  |  WEDNESDAY, 27 FEB 2019
... superannuation funds will not be adopted, according to KPMG. In a new report, KPMG states it is highly unlikely a shortlist of default super providers will eventuate. This is based on the reaction of legislators, the majority of industry participants ...