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Showing 611 - 620 of 1970 results for "Default"

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 ...

ACCC close to approving tobacco-free certification

KARREN VERGARA  |  MONDAY, 31 DEC 2018
... representative of her superannuation fund she learned that some of her money was flowing to tobacco companies through the default options. "I thought it was a very bad fit for me as a cancer doctor. I had watched hundreds of people die from tobacco-related ...

Super funds edge towards a flat 2018

DARREN SNYDER  |  THURSDAY, 27 DEC 2018
... since January. However, some funds were able to manage the downside well. Recording this is the SelectingSuper MySuper/Default index, which fell 3.2% in October and lost all its gains since January 2018. Rainmaker Information, the research house behind ...

Lifecycle super can be better: Frontier

KANIKA SOOD  |  TUESDAY, 11 DEC 2018
... particularly bad - but it should improve outcomes for most members and engage them. "It becomes clear the main weakness in a default lifecycle strategy lies in its blunt mass customisation approach. However, the counter argument is that the idea of MySuper ...