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Showing 841 - 850 of 1954 results for "Default"

Life insurers must address group risk schemes: APRA

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
... Information said the general consensus from APRA for these losses included loose underwriting in group risk schemes through default cover approaches, automatic acceptance of increases in cover; and member awareness of life insurance through super. Rainmaker ...

Super fund returns fall again in September

MARK SMITH  |  WEDNESDAY, 4 NOV 2015
The SelectingSuper workplace default option MySuper Index fell again during September with the 12 month rolling performance sliding during the month from 6.5% to 6.0% by month's end. This drop in rolling annual returns was on the back of the 3.0% fall ...

International actuaries have consensus on retirement

DARREN SNYDER  |  WEDNESDAY, 28 OCT 2015
... measures to increase pension contributions and encourages the introduction of lifetime income guarantees or "intelligent default products." Actuaries Institute of Australia president Estelle Pearson said the paper underlines the significance of the Australian ...

Beware 'apples with apples' super comparisons

DARREN SNYDER  |  FRIDAY, 23 OCT 2015
... funds. Rowell said a more meaningful "apples with apples" comparison is provided if the investment performance for only default assets, or specific similar choice investment options, is considered. She added it is most meaningful to focus on performance ...

FEATURE: Reshaping insurance

ALEX BURKE  |  THURSDAY, 22 OCT 2015
... needed for a typical middle-income Australian family with two children to be $680,000 - $480,000 more than the average default cover provides. Which means that, for many Australian families, group insurance actually covers around 30% of what they actually ...

FSI response fans default super flames

MARK SMITH  |  WEDNESDAY, 21 OCT 2015
The government calling for another review of default super in its response to the Financial System Inquiry has inflamed the on-going row between the industry and retail segments of super. Industry fund body Industry Super Australia has questioned the ...

Bowen draws red line on default fund choice

LAURA MILLAN  |  WEDNESDAY, 21 OCT 2015
... support most of the government's proposed measures outlined in the Financial System Inquiry (FSI) response, but changes to default fund choice are a red line. "There has to be a filter to protect the interests of those who use the default fund, as many ...

Financial System Inquiry response cut-out-and-keep guide

MARK SMITH  |  TUESDAY, 20 OCT 2015
... competitiveness of the superannuation system and to develop alternative models for a formal competitive process for allocating default fund members to products. By end-2016: Enshrine the objective of the superannuation system in legislation. Consult ...

FSI retirement response receives support

DARREN SNYDER  |  TUESDAY, 20 OCT 2015
... immediately task the Productivity Commission to "develop alternative models for a formal competitive process for allocating default fund members to products." Mercer managing director and Pacific market leader, Ben Walsh, is calling on the government ...

Super returns fall sharply in August

MARK SMITH  |  WEDNESDAY, 7 OCT 2015
... but performance is still solid over the longer term. According to figures from Rainmaker, the SelectingSuper workplace default option MySuper Index fell sharply during August with 12 month rolling performance plummeting during the month from 10.7% to ...