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Showing 681 - 690 of 1953 results for "Default"

O'Dwyer flags government intervention on insurance in super code

KARREN VERGARA  |  THURSDAY, 22 MAR 2018
... is "convinced" trustees are not taking their best interest duties seriously. "I am concerned that some, possibly many, default members are paying too much for cover that goes beyond what they need," she said. She's particularly concerned about low-income ...

MyRetirement products too pricey for super funds

JAMIE WILLIAMSON  |  MONDAY, 19 MAR 2018
... to members, but iPac Securities chief investment officer Jeff Rogers disagrees. Acknowledging it is difficult to design default retirement products, Rogers said he believes the bulk of complexity stems from the uncertainty around return on investment ...

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
... standardised; and the issue of multiple accounts and unnecessary multiple insurance cover needs more attention; as does default insurance through MySuper. Rowell also told the Superannuation Committee of the Law Council of Australia that the code's enforceability ...

MetLife expands retail life business

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... said. MetLife also renewed its partnership in January with $11 billion industry fund MTAA Super to June 2020. The deal saw default insurance premiums for 16 to 21-year-old members drop from $4.82 per week to $2.89 per week, effective 28 October 2017. ...

Regulatory disruption hampers long-term vision for super

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAR 2018
... industry for some time - and have provided ammunition to our detractors, allowing them to try and force changes in our default fund selection process. As an industry we must all act on multiple accounts. And we must do something about multiple insurance ...

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
... including clearer definitions for disability insurance, tackling multiple insurance accounts and covers, and reconsidering default MySuper products. Addressing cyber threats, Rowell said APRA is slated to finalise a prudential standard on IT security ...

Rice Warner recruits NAB executive

JAMIE WILLIAMSON  |  MONDAY, 12 MAR 2018
... retirement and group insurance, Jenkins is well versed in the areas of actuarial valuations, defined benefit management, default superannuation, successor fund transfers and insurance. Jenkins began his career in 1985 as an actuary with Mercer in the ...

Women-led super funds outperform again

ALEX DUNNIN  |  THURSDAY, 8 MAR 2018
... reveals. Rainmaker assessed 66 super funds to derive a W-index score and contrasted this against the fund's MySuper or default investment option and its relative investment performance. The W-index is a weighted ratio that describes the proportion of ...

Insto mandate seeds Aviva fund launch

DARREN SNYDER  |  TUESDAY, 6 MAR 2018
A global institution is placing $225 million with Aviva Investors to be the asset manager's cornerstone investor for its latest fund launch in Australia. Last month Aviva Investors chief executive Euan Munro revealed the firm, via its new mandate win ...

J.P. Morgan renews industry fund custody mandate

KARREN VERGARA  |  MONDAY, 19 FEB 2018
... and into the future." QSuper and LGIAsuper transitioned to public offer fund status on 30 June 2017, but both remain as default funds for state and local government public sector employees respectively. LGIAsuper recently announced key executive appointments ...