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Showing 581 - 590 of 1970 results for "Default"

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 ...

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 ...