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Showing 561 - 570 of 1965 results for "default"

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... accumulation plan (PSSap). No details of the agreement were disclosed. Historic data indicates 134 new ASIC employees joined the default option last financial year. The regulator first issued tender documents at the end of 2018, specifying it would only ...

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... content to use the building blocks of their current fund (or product provider)," Rice Warner said. "[And] there is no default product for retirement. All members entering retirement must sign up for a new (choice) product."

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... Country' from the downdrafts of the Asian currency crisis and the collapse of Long-Term Capital Management (LTCM) and Russian default in 1997/98; the US recession and the terrorists attacks on the US in 2001 and the global financial crisis in 2008. ...

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... with NAB's MLC being the latest entrant. In total, 25 super funds with at least three years of returns rejigged their default product to strategies that automatically adjust asset allocations as the member ages. More than half of these are retail ...

Labor policies boost superannuation agenda

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... Keeping the Age Pension qualifying age or superannuation preservation age as is; Implementing a robust industrial-based default fund selection process to remove funds that underperform; and Taking action on unpaid superannuation. Meanwhile, the Liberals ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... Four key pieces of legislation, including the protection of young superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... said. AIST chief executive Eva Scheerlinck said this represents a "significant blow" for members in underperforming non-default funds who would remain in the dark about their fund's performance. "Currently, members of many underperforming choice ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
... said: "The Government... is against no deal, the European Union is against no deal, and yet it is a possibility. It is the default option. So no-deal would happen by accident, it would happen suddenly, there would be no transition - it is an accidental ...

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... new law to enable superannuation fund members with a balance less than $6000 and new members aged under 25 to opt-in to default insurance has been pushed back to 1 October 2019. This part of the Bill was deferred following a deal between the Greens and ...