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Showing 581 - 590 of 1953 results for "Default"

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... superannuation account over their working life and as they move from job to job. This is to curb the proliferation of unnecessary default accounts, he said. Hayne wants more stringent provisions around the fact that funds compete to be nominated as default ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... inflows from their tied and aligned advisers are in deep strategic trouble. By implication, this means superannuation's default product disposition is to now become direct distribution supported possibly by properly independent arms-length professional ...

Industry fund sees boost in additional contributions

JAMIE WILLIAMSON  |  SUNDAY, 3 FEB 2019
... their current self, meaning they are more likely to save money they don't yet have. The super fund negotiated with default employers and the Australian Services Union to have the program incorporated into enterprise agreements on an opt-out basis. ...

Industry Super Australia attacks Future Fund concept

HARRISON WORLEY  |  TUESDAY, 29 JAN 2019
... said its insight comes in response to widespread speculation the Future Fund could be opened up to more Australians as a default superannuation fund. ISA chief executive Bernie Dean said Australians defaulted into the Future Fund would be consigned to ...

New rules for UK retirement income products

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
The UK's pension fund industry is set to be hit with strict new investing rules, with proposed regulation designed to increase consumer engagement. The Financial Conduct Authority is concerned about consumers moving into drawdown and holding their funds ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
... risk that members have multiple funds is a very sensible aim, however, the mechanism of 'best in show' funds for default selection seems unlikely given the stated position of the Opposition," he said. But others such as the 'independent expert ...

Industry funds dominate member satisfaction

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... ratings Roy Morgan said the Productivity Commission's recommendation to create a list of 10 best-performing super funds as default options for new workers must take into account not just performance tables but also how members rate them. "The reason ...

BT launches new managed accounts offerings

HARRISON WORLEY  |  MONDAY, 21 JAN 2019
... superannuation Melinda Howes, recently weighed into the debate over the Productivity Commission's proposed best-in-show default superannuation fund shortlist, saying there was merit in the idea.

ASIC seeks new default super partner

JAMIE WILLIAMSON  |  FRIDAY, 18 JAN 2019
ASIC is on the hunt for a new default superannuation fund for employees but smaller funds need not bother applying. In tender documents the corporate regulator specified it will only consider bids made by super funds with at least $10 billion in assets ...

Poor equities performance sees MySuper suffer

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... infrastructure earned 3.6%. The positive returns seen since 2012 served as a saving grace, with average five-year returns on default super sitting at 6.8% per annum. Breaking the data down, the median return for single strategies over the 12 months to ...