Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 791 - 800 of 1954 results for "Default"

MTAA Super bolsters investment team

DARREN SNYDER  |  MONDAY, 18 JUL 2016
... Turner said this was widely reflected across the industry and that MTAA performed strongly relative to its peers. MTAA's default or MyAutoSuper (balanced) option returned 5.53% in 2015-16. Its best investment returns came via the fund's recently launched ...

Nationals senator not giving up on life insurance investigation

ALEX BURKE  |  TUESDAY, 12 JUL 2016
... seeing terrible stories about life insurance companies not paying." Williams added that this also includes issues with default life insurance plans within superannuation: "I have big concerns that we have four or five million Australians with life insurance ...

Super funds on track to post positive return this year

MARK SMITH  |  FRIDAY, 1 JUL 2016
The average default option for workplace super has returned an estimated 2.5% in the 2015/16 financial year, according to the analysis by Rainmaker. The headline performance number for the SelectingSuper Default Option Index includes a forecast drop ...

Time to review MySuper effectiveness

DARREN SNYDER  |  FRIDAY, 1 JUL 2016
... and question whether it's the solution they were looking for. One of superannuation's largest reforms, the transition of default members to MySuper products, is now 12 months from its deadline and millions of members are expected to be transferred in ...

Super insurance premiums rise again

MARK SMITH  |  TUESDAY, 28 JUN 2016
... increases in the previous year, the total rise in premiums over two years is now more than 7%. For a 50-year-old taking up the default level of Death and TPD cover the annual cost would be about $5.50 per week, Rainmaker analysis shows. On a $100,000 ...

Military to get defined contribution super scheme

MARK SMITH  |  TUESDAY, 28 JUN 2016
... military will have a new defined contribution superannuation scheme from 1 July. From that date ADF Super will be the default fund for anyone joining the permanent Australian Defence Force. The fully-funded accumulation plan has an employer contribution ...

Lost super campaigns have much further to go

MARK SMITH  |  TUESDAY, 21 JUN 2016
... are considered 'lost' if no money has been added for 12 months and a member's fund does not have a current address. For default employer super plans, accounts are considered lost if no money has been added for five years. The survey also highlights how ...

Queensland super funds become public offer

DARREN SNYDER  |  MONDAY, 20 JUN 2016
... Announcing the legislative amendments on Thursday, Queensland Treasurer Curtis Pitt said QSuper and LGIAsuper will remain the default funds for state and local government public sector employees respectively. He added the current contribution rates will ...

Milliman awarded industry fund mandate

DARREN SNYDER  |  WEDNESDAY, 15 JUN 2016
Milliman's Managed Risk Strategy will be applied to an industry super fund's default MySuper option from 1 July in a move described as a turning point for superannuation. The $4.8 billion Maritime Super awarded Milliman the managed risk mandate that ...

Group insurance gets a makeover

DARREN SNYDER  |  TUESDAY, 14 JUN 2016
... key objectives - affordability to members, sustainability for the insurer over time, adequacy, and making sure that our default [insurance option] really was appropriate to the member's risks," Mercy Super chief executive Neil Sheppard says. Rainmaker ...