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Showing 691 - 700 of 1970 results for "Default"

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... capital," Rainmaker said. In a similar move to the ACTU, the Communication Workers Union is lobbying Australia Post to cut its default superannuation arrangement with AMP. Since the closure of the Australia Post Superannuation Scheme in 2013, all new ...

Industry fund begins lifecycle pension strategy

HARRISON WORLEY  |  TUESDAY, 24 APR 2018
... fund has added a dual-account lifecycle strategy to its pension offering. New pension members of REI Super now have a default lifecycle investment option which applies different investment mixes based on age. Existing REI Super pension members can also ...

SMSF home bias drags returns

KARREN VERGARA  |  TUESDAY, 17 APR 2018
... generated a 5.5% return (before fees and tax) - well below the returns for members invested in MySuper products. The SG360 Default Index, which is based on MySuper returns, achieved 9.6%. This lower performance by SMSFs is the result of lower asset class ...

Default options safeguard retirement savings: Research

JAMIE WILLIAMSON  |  WEDNESDAY, 11 APR 2018
A University of New South Wales research initiative believes default superannuation and retirement options could prove beneficial in combating poor financial decision-making brought about by cognitive decline. Fresh insights from the ARC Centre for ...

MySuper growth leads industry

KANIKA SOOD, DARREN SNYDER  |  FRIDAY, 6 APR 2018
... calendar year return since 2013. This said, Rainmaker's latest Benchmarking report shows the SelectingSuper workplace Default/MySuper Index having a negative monthly return of 0.3% in February. "The monthly result was underpinned by a relatively large ...

Industry fund launches lifecycle default option

KARREN VERGARA  |  TUESDAY, 3 APR 2018
A $7 billion industry superannuation fund is launching a default option that will automatically adjust with members' age. The Australian Catholic Superannuation and Retirement Fund's LifetimeOne option, to be launched in May, aims to give members better ...

Kapstream creates new fund

DARREN SNYDER  |  MONDAY, 26 MAR 2018
... Opportunities and Kapstream Absolute Return Income," the report said. "Higher-grade credit securities have less risk of default and better liquidity, lowering volatility and capital risk. Several prominent strategies tend to stick to this territory and ...

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 ...