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Showing 591 - 600 of 1953 results for "Default"

Superannuation reforms splits opinion: Spot poll

KARREN VERGARA  |  MONDAY, 14 JAN 2019
... Superannuation Funds of Australia chief executive Martin Fahy said the top 10 list has the potential to create an oligopoly in default super and reduce long term competition. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck ...

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
... it is disappointing the Productivity Commission has doubled down on the best-in-show list as a mechanism for allocating default super. "This approach risks creating an oligopoly in default superannuation and reducing long-term competition." Likewise ...

PC calls for group insurance review

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... arrangements on an opt-out - as opposed to an opt-in basis - and consider more "prescriptive regulation" for the sector. While default insurance in superannuation offers good value for many members, it offers little or no value to some, it said. This ...

Best-in-show splits industry

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
The best-in-show default superannuation fund shortlist the Productivity Commission wants to launch before June 2021 has divided industry opinion. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck said the Commission's ...

Superannuation a mystery to students: survey

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... 25. But because they're usually not thinking about their long-term financial goals, they'll go with whatever the default super fund is each time. In fact, 69.6% of students surveyed said they used the default super fund that their employer set ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The government should abandon the Retirement Income Covenant proposed last year, if it can't sufficiently remediate its flaws by the deadline, the Productivity Commission says in the final report. Treasury has already extended the deadline on Comprehensive ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... this regard you only need to glance at some of their final report's opening statements: "Rivalry between funds in the default segment is superficial, and there are signs of unhealthy competition in the choice segment (including product proliferation)." ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... several recommendations flagged in mid-2018 in a bid to modernise the $2.7 trillion industry, which included shaking up the default sector. The Commission handed down 31 recommendations in its final report in assessing the efficiency and competitiveness ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... was disappointed with the Productivity Commission doubling down on the best-in-show list as a mechanism for allocating default super. "This approach risks creating an oligopoly in default superannuation and reducing long-term competition." The report ...

ASIC to examine super fund and employer connections

HARRISON WORLEY  |  TUESDAY, 8 JAN 2019
... shine its regulatory light on how deals are struck between employers and super funds in Australia, after a year in which default superannuation arrangements were a point of focus. According to the report, ASIC's investigation is set to examine how employers ...