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Showing 61 - 70 of 249 results for "Superannuation products"

Former Dover adviser banned

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... appropriate advice. Ashok Sherwal advised clients in need of cash to replace their existing insurance and superannuation products with new ones so he could receive advice fees and insurance commissions. He then used some of the fees and commissions he ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... funds. Recent law reform has affected a variety of obligations concerning marketing and distribution of superannuation products, including via employers," she said. "Trustees should be checking if the way they seek to attract and retain employees as ...

GROW Inc ramps up cybersecurity

KARREN VERGARA  |  WEDNESDAY, 13 OCT 2021
... solution was robust enough to protect sensitive data reliably and help it get to market sooner with its superannuation products. "This project has helped GROW Inc achieve that goal," he said. Tracer Cloud cloud security architect Raznal Yap said that ...

AMP reduces super fees

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
... investment fees from October, with some set to make significant savings. As a result of consolidating its superannuation products from 11 to three, AMP's MySuper members will see an 8% drop on average across dollar administration and investment fees. ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... Your Future, Your Super performance only test applied to 80 MySuper products, out of the thousands of superannuation products available to consumers. From July 2022, trustee-directed products will also face the test. However, "trustee-directed" products ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... Funds of Australia (ASFA) chief executive Martin Fahy said while the orderly removal of underperforming superannuation products is a good thing, the test results are potentially confusing for members. As the test's flaws, Fahy counted its retrospective ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... conducting a sales campaign aimed at rolling customers from their existing superannuation accounts into Westpac superannuation products. In doing this, Westpac failed to act in the best interests of their customers," ASIC commissioner Danielle Press ...

Morningstar launches fee comparison tool

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... launching a new tool that provides increased transparency and disclosure on fees across its investments and superannuation products, well above what RG97 requires. The Morningstar Total Cost Ratio (TCR), which will be rolled out on August 31, drills ...

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
... month, equalLing $12.91. BT last year switched from BT Life Insurance to AIA as the group insurer for its superannuation products. "Insurance premiums are regularly reviewed by our Insurer, taking into account factors such as the number and payment of ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
Fifty-six superannuation products dropped their fees in the March quarter, according to Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of ...