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Showing 681 - 690 of 1970 results for "Default"

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 ...

Two-tier super system emerging: KPMG

HARRISON WORLEY  |  WEDNESDAY, 16 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 ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... retirement savings from undue erosion by fees and insurance premiums." Under the new regime, insurance will move from a default framework to an opt-in extra for those with balances less than $6000; accounts that haven't received a contribution in 13 ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
... Currently, nearly 59% of all balanced pension funds rank their performance against CPI, Milliman said. It added that any default MyRetirement or comprehensive income product for retirement (CIPR) products that are indexed to the CPI are likely to be ...