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Showing 721 - 730 of 1965 results for "default"

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 ...

To opt in or out of life insurance: Spot poll

KARREN VERGARA  |  TUESDAY, 3 OCT 2017
... sign up to life insurance when joining the fund. Once members reach 25, they will be automatically placed into the fund's default insurance product, unless they express a desire to opt-out. AustralianSuper group executive of membership, Rose Kerlin ...

FSC takes aim at complacency in super

ALEX BURKE  |  WEDNESDAY, 27 SEP 2017
... focus away from yearly return targets towards individual member outcomes. At present, the report explains, current MySuper default options can be broadly split across two categories: balanced default options which "place 24-year-olds and 64-year-olds ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
... automatically entered - as is current industry practice. Upon reaching 25, members will be automatically placed into the funds default insurance product, unless they express a desire to opt-out. AustralianSuper's group executive of membership, Rose Kerlin ...

MySuper milestones monitor industry movement

DARREN SNYDER  |  MONDAY, 11 SEP 2017
... with when it comes to analysing MySuper product performance. Complementing this was the final transition of all workplace default members to a MySuper account. Excluding self-managed super funds, MySuper now accounts for more than 40% of super assets ...

Future Fund expected to grow to $200bn

EMMA RAPAPORT  |  THURSDAY, 31 AUG 2017
... over the past decade," Costello said. Costello dismissed suggestions that the Future Fund could run as a superannuation default fund, noting that it does not have formal mechanisms to receive money, keep member accounts, or pay money out.