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Showing 761 - 770 of 1954 results for "Default"

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
Suncorp paid a total of $530,000 in penalties for breaching consumer protection laws. ASIC said Suncorp's breach of consumer credit notification provisions occurred as a result of an internal error, which prevented a "large number of consumers" from ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... afford individual cover. ISWG will focus on improving cost impacts on account balances for consumers; addressing multiple default insurance policies; providing better assistance to customers at claims time and; improving member communications around ...

MySuper competition heats up: Rainmaker

DARREN SNYDER  |  WEDNESDAY, 14 DEC 2016
... online dashboards." "This is a major strategic challenge to not-for-profit super fund groups that are used to dominating default super." Dunnin adds the way banks intend expanding in the MySuper segment is by using lifecycle investment strategies which ...

Tasplan launches lifecycle default super

ALEX BURKE  |  THURSDAY, 8 DEC 2016
Tasplan now offers a lifecycle default super option, becoming one of the select industry funds to provide such a service. The new option, Tasplan OnTrack, is designed to reallocate members' funds over their lives to gradually reduce sequencing risk ...

Industry fund recovers millions in lost super

JAMIE WILLIAMSON  |  WEDNESDAY, 7 DEC 2016
... super and consolidating multiple accounts. Furthermore, having super deemed lost means a member could risk losing the default insurance coverage that super comes with." "There's over $11 billion nationally sitting in lost super accounts, and we are very ...

BMW caught on car loan failures

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2016
... suffered hardship due to BMW Finance's compliance failures between January 2011 and August 2016. The company will also remove default listings and buy back all debt sold to third parties to ensure that the written off loans are not subject to further ...

Infrastructure investment at risk from default super changes

DARREN SNYDER  |  TUESDAY, 22 NOV 2016
Industry Super Australia deputy chair John Brumby says changing the default superannuation system would pose threats to super fund inflows and lessen the opportunity to invest in nation building infrastructure. Speaking at The Superannuation Opportunity ...

Super assets up despite contributions dip

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2016
... of which is made up by MySuper products; a 13.6% increase. Meanwhile, there was a 23.7% drop in total assets in accrued default amounts to $39.6 billion. Total contributions for the September 2016 quarter were down 4.7% year on year to $23.2 billion ...

Super choice needs more than five minutes

JAMIE WILLIAMSON  |  MONDAY, 21 NOV 2016
... Australian's retirement savings is the fact that one in three SME owners spend less than five minutes selecting their employee's default super fund. This is the key takeout from a recent survey conducted by REST Industry Super, examining the attitudes ...

SelectingSuper announces super fund of the year

DARREN SNYDER  |  THURSDAY, 17 NOV 2016
... performance over the short, medium and long term. Rainmaker said: "In addition their insurance cost is very competitive at default level as are their fees and extra services such as financial planning and member engagement." UniSuper also collected the ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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