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Showing 641 - 650 of 1970 results for "Default"

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
ASIC's latest review into insurance in superannuation shows the industry still has "significant weaknesses" despite the launch of the voluntary code of practice nine months ago. Over 2017-18, ASIC reviewed 47 superannuation trustees, which included ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... likely to have two or more accounts. This finding is consistent with the widely held view that young people continually default as they move through various casual jobs, it said.

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
... said. Lawrence said several provisions in the COBA code are stronger than the current ABA code. COBA said this includes default fees, protection for guarantors, reverse mortgage protections, clearer language around responsible lending, more sympathetic ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... it accepts it may have engaged in conduct that fell below community standards and expectations with respect to accrued default amounts (ADA). Colonial First State executive general manager Linda Elkins blamed the limitation of CBA's systems and lack ...

Super assets hit new record

STEPHEN FAY, DARREN SNYDER, KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... so-called 'sub scale' funds are somehow unsustainable. First Super reported annual returns of 10.68% in its Balanced (default) option, 11.9% in Growth, and 13.91% in Shares Plus. "The big funds, some regulators and some media commentators would like ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... of the MySuper products. The AMP group was also allowed to make decisions as to the timing of the transfer of accrued default amounts to MySuper products that may ultimately not have been in the best interests of members. Hodge said Suncorp Portfolio ...

SMSFs too conservative: Poll

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... SMSF sector as a whole, as represented by the SG360 SMSF Reference Index, returned 9.7% before fees and tax. The SG360 Default Index, which is based on MySuper returns, returned 9%. Our latest poll asks: Outside banking apps, which app do you most frequently ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... insurance written inside superannuation has increased - this trend may reverse in the next five years if the changes to default insurance in superannuation announced in the 2018/19 budget are implemented, KPMG warned. The profitability of products such ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... the ASX 200. "It is a very well diversified portfolio," Bommi said. "In 20 years in the market, we have had [only] one default." Rising rates About 60% of the portfolio's holdings are in North America - in line with the size of the global high-yield ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... community standards when it crafted poor communication to super fund members to dissuade them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission heard. CFS general manager of distribution Peter ...