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Showing 641 - 650 of 1965 results for "default"

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 ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... CBA's systems and lack of operational capacity for failing to meet the Government-mandated 1 January 2014 deadline that default contributions must be paid into MySuper products.

Entertainment spend retains members: Hostplus

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... be entertained in this way. Elia replied it was necessary so it could retain employers' choice of Hostplus as the default status fund, given it's a "competitive market" and competitors are also "doing exactly the same thing." "It's a very ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... CBA's systems and lack of operational capacity for failing to meet the Government-mandated 1 January 2014 deadline that default contributions must be paid into MySuper products. Yesterday, senior counsel assisting Michael Hodge questioned why CFS ...

Trust in financial services down since Royal Commission: Poll

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... industry fund members. Silk said the advertisement helped industry funds helped win the battle, but the war continues over default superannuation arrangements. In our new poll, we ask if SMSFs are too conservative in their asset allocation. Rainmaker ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... administration services have fees above the benchmark of APRA-regulated products. For investment option fees outside of default, non-default diversified investment options continue to be more costly than similarly positioned default options. However ...