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Showing 721 - 730 of 1970 results for "Default"

APRA delivers poor super fund ultimatum

DARREN SNYDER  |  WEDNESDAY, 29 NOV 2017
... members an average of nearly 200 investment options when many funds have a significant proportion of members in their default MySuper products and hence relatively few members in each of the many choice investment options on offer," she said. "And that ...

Superannuation fears regulatory strangle: ASFA

EMMA RAPAPORT  |  WEDNESDAY, 29 NOV 2017
... dismissed former Federal Treasurer Peter Costello's notion that the Future Fund could take over the investment management of default superannuation, pointing to figures released by ASFA's director of research Ross Clare today that on a five-year return ...

Vision Super names new life insurer

KARREN VERGARA  |  TUESDAY, 21 NOV 2017
Vision Super is welcoming a new life insurance provider from 1 January 2018. MLC Life Insurance will provide default life insurance cover to Vision Super's 10,000 member base for death, total and permanent disablement (TPD), and income protection. MLC ...

HESTA announces life insurance facelift

DARREN SNYDER  |  MONDAY, 20 NOV 2017
... typical HESTA member who started work at age 22 could pay about 10% less over their working life in insurance premiums for default cover to age 67. HESTA is one of the few super funds to offer default income protection cover to age 67. "Our absolute ...

Industry fund appoints governance and risk head

EMMA RAPAPORT  |  THURSDAY, 9 NOV 2017
... administration fee cut to $750 from $1575. The fee cuts occur at the same time Equip revealed its investment fee for its MySuper default option had increased to 0.64% per annum under RG97, up from 0.57% per annum.

RG97 effects inconsistent: Rainmaker

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2017
... investment options have more than five times the increase on fees than either equity or fixed interest options. For the default investment option, the average increase in combined investment fees and costs among NFP and retail funds were 23 basis points ...

VicSuper names new insurer

KARREN VERGARA  |  MONDAY, 30 OCT 2017
... AXA and eventually merged with AMP, but overall it has been "one continuous relationship," VicSuper said. VicSuper has default cover for death, total and permanent disability, and income protection available for the majority of its 238,000 members. VicSuper ...

SMSFs narrow performance gap: Rainmaker

KARREN VERGARA  |  MONDAY, 9 OCT 2017
SMSFs underperformed default MySuper options by a narrow margin in the 12 months to August, the latest Rainmaker SuperGuard 360 report shows. The SG360 SMSF reference index, which measures the post-fee investment return of SMSF trustees, delivered slightly ...

Traditional funds too apathetic to super start-ups

JAMIE WILLIAMSON  |  THURSDAY, 5 OCT 2017
... sentiment is echoed in a recent report from the Financial Services Council which said the absence of competition in the default superannuation market allows trustees to avoid considering which changes may be necessary to adapt to technological change. ...

Merger leads to fee cuts at Equip Super

ALEX BURKE  |  TUESDAY, 3 OCT 2017
... administration fee cut to $750 from $1575. The fee cuts occur at the same time Equip revealed its investment fee for its MySuper default option had increased to 0.64% per annum under RG97, up from 0.57% per annum. "The administration fee reductions were ...