Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 571 - 580 of 1953 results for "Default"

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
MLC is switching its default superannuation product from single strategy to lifestage. It's also increasing its allocation to growth assets. MLC MySuper currently has a 70% allocation to growth assets like stocks, property and infrastructure and ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds. Visiting Sydney yesterday, Industry Super Australia chief executive Bernie Dean ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
... removing the provisions completely was not necessary," he said. "Regardless, Industry super funds will strive to ensure default insurance arrangements remain cost effective and matched to the insurance needs of members taking into account age and other ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... final report. Superannuation fund trustees are set to be banned from treating employers in efforts to be selected as their default superannuation fund; with the Government acting on Commissioner Hayne's finding that some large super funds spend "not ...

Aussies instos join fight against weapons

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... which we know is something many of our members value," he said. "We believe that active and passive investments should, by default, exclude controversial weapons." One hundred and forty two other institutional investors have joined the open letter penned ...

Future Fund delivers 5.8%

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... interesting to see how they will manage this," he said. He also laid to rest the speculation about Future Fund managing default superannuation contributions saying the Future Fund is tasked with investing historical government surplus as a sovereign ...

State government awards super fund mandate

KARREN VERGARA  |  MONDAY, 11 FEB 2019
... Scheme (NTGPASS) awarded Statewide Superannuation a new mandate, replacing AustralianSuper. Statewide will manage the default superannuation of new government employees. From 10 February 2019, new NTGPASS employees who do not nominate a super fund will ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... salary, fees and contributions over 45 years of a working life, while calculating the returns they could reap from various default super products. A person who stayed in the lowest-performing MySuper option all of their working life would build a nest ...

Chief economist update: The RBA capitulates

BENJAMIN ONG  |  THURSDAY, 7 FEB 2019
... Australia 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. ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Industry Super Australia has criticised the banking Royal Commission final report for falling short of addressing conflicts of interest. Industry Super Australia said the structure of the industry and other profit-to-member super funds has avoided such ...