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

Search Results

Showing 641 - 650 of 1953 results for "Default"

Limited MDA deadline closes in

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... it's too late to apply for a full licence as the process takes up to 12 months, Potter told Financial Standard. The default course of action is to revert to giving "standard advice" client by client, transaction by transaction, he warned. That requires ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... recommendation that persistent underperformance of a fund provides strong grounds for the removal of its ability to accept default contributions. However, the prudential regulator cautioned against using the same criteria to determine whether a registerable ...

Rethink property investment: Poll

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
Financial Standard readers overwhelmingly agree now is the time to reassess property investment strategies. More than 80% of respondents to a Financial Standard survey either agree or strongly agree it is critical to reassess property investment strategies ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... finding themselves pressed for resources as they race to meet the Federal Government's July 2019 deadline to cull the default opt-ins for group insurance. MetLife head of reinsurance and regulatory affairs James Carey said the scrutiny is touching ...

NAB recruits customer executive

KARREN VERGARA  |  MONDAY, 30 JUL 2018
... affected by drought. Customers who fall into arrears and unable to make their loan repayments will not be charged a higher default interest rate if this does occur, he said. "This matter came up in a recent Royal Commission case, and we have decided ...

Industry fund renews insurer, drops premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... cover to produce a sustainable set of insurance arrangements, Media Super said. The fund has also taken the step to remove default cover for young people, as proposed in the Federal Budget and the Productivity Commission's draft report. Cover for new ...

Best in show should not dampen competition: Bowen

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
Shadow Treasurer Chris Bowen said it is hard to argue against a case for better-performing superannuation funds as put forth by the Productivity Commission, yet the best in show approach must be careful that it doesn't dampen competition. Speaking at ...

SMSFs overlooking off-the-plan property risks

KARREN VERGARA  |  FRIDAY, 20 JUL 2018
Self-managed superannuation funds are showing a strong demand for off-the-plan properties but often overlook the risks associated with this type of investment. According to property research firm RiskWise, off-the-plan properties have driven lower property ...

Super funds underplay risk profiles: Research

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... 'balanced' fund is. "With the introduction of MySuper, most funds converted their existing balanced option into the default option. And research shows that most people default into the balanced option," Bissoondoyal-Bheenick said.

Socio-economics dictate insurance needs of young Aussies: Insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... believes it should be up to individual superannuation fund trustees to determine the minimum age for providing automatic default life insurance cover. In its submission to the Senate Economics Legislation Committee, TAL said the circumstances of young ...