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Showing 731 - 740 of 1970 results for "Default"

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.

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
... faster than the broad market. Fueling this was retail funds completing MySuper transitions as a result of their Accrued Default Amounts now being fully transferred across into lower cost MySuper products. Within MySuper, lifecycle investments grew even ...

Roaring forties produce super member tailwinds

DARREN SNYDER  |  TUESDAY, 8 AUG 2017
... Government Super High Growth option, returning 14% during the period. Also inside Rainmaker's top five were AMP Simple Default Fund MySuper 1970s (13.6%); Telstra Super Corporate Plus MySuper Growth (13.3%); Colonial First State FirstChoice Lifestage ...

Industry fund reduces insurance premiums

KARREN VERGARA  |  THURSDAY, 3 AUG 2017
... Super chief executive Brendan O'Farrell said premiums will drop from 0.7% to 0.615% of gross income based on a member default 21-day waiting period. In dollar terms, this equates to $7 per $1000 of cover to $6.15 per $1000 of cover. It will continue ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... insurance system, saying the reforms "recognise that a simpler process is needed for when people wish to make changes to their default insurance cover, something we support in preserving default insurance as a vital safety net whilst also providing choice." ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
... "will reach $US1.30 by 2013 - and $US1.70 by 2014, as the greenback relinquishes its 'exorbitant privilege' as the world's default currency." The A$/US$ exchange rate closed 2013 at US$0.8911 and US$0.8198 by the end of 2014 before continuing to depreciate ...