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Showing 661 - 670 of 1953 results for "Default"

Super fund rationalisation painful: PwC

KARREN VERGARA  |  THURSDAY, 21 JUN 2018
... advocacy Ailsa Goodwin, who also fronted the morning session, said a lot of members are engaged and "very happy" with their default fund despite the PC's call for the industry to step up in this area. Goodwin said members are best served in no frills ...

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
The Federal Government's proposal to ban default life insurance in superannuation for younger members and those with low balances would supress retirement savings and cost the economy $2.46 billion annually, latest research from AIA Australia shows. ...

Best-in-show funds pose pressing issues for advisers

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
The Productivity Commission's proposed best-in-show list of the top 10 default superannuation products could have pressing implications for financial advisers which shouldn't be overlooked. According to Wealthdigital technical manager Rob Lavery, the ...

BTFG boss backs PC super proposals

KANIKA SOOD  |  THURSDAY, 7 JUN 2018
... said until now it has supported an "open market" model where any APRA-approved MySuper product is free to compete for default status as opposed to a model where an independent body, that could be susceptible to political influence, selected a shortlist. ...

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
The SMSF sector, which has traditionally shied from growth assets, underperformed default MySuper investment strategies by 1.2 percentage points in the 12 months to April 2018. The average SMSF returned 6.6% before fees and tax, while the average default ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... CommInsure, OnePath and Westpac are the insurers for about two-thirds of all members in retail superannuation funds - largely as default insurers.

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
... million Australians in an underperforming super fund. A key recommendation of the report is a complete overhaul of the default superannuation system in which only those new to the workforce or without an existing super account would be placed in a default. ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
The Productivity Commission recommends an independent review of insurance in superannuation; that Australians enter default super once; and that super funds disclose trailing financial adviser commissions. These are a few of the 22 recommendations in ...

Big data's big retirement benefits

DARREN SNYDER, STEPHEN FAY  |  MONDAY, 28 MAY 2018
... market return. This leads to questions of whether the high growth and volatility is driving millennials to opt out of default options and potentially into less appropriate strategies, she added. Theoretically a smile or u-shape glide path to risk allocation ...

Aussie CEOs understand ESG risks: KPMG

HARRISON WORLEY  |  MONDAY, 28 MAY 2018
... efficiency of the system will place significant challenges on smaller funds - and should it recommend a limitation of existing default awards then this could spell the end for many small funds. While rationalisation has happened very slowly, we believe ...