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

Search Results

Showing 601 - 610 of 1970 results for "Default"

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 ...

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 ...