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Showing 861 - 870 of 1954 results for "Default"

MyPension product to solve retirement income hurdle

LAURA MILLAN  |  THURSDAY, 3 SEP 2015
Superannuation industry heavyweights have collectively called for a MySuper-like product to simplify retirement income for retirees. "There are $430 billion worth of superannuation savings sitting in [MySuper] products where pretty much everything is ...

Retirement income is not one-size-fits-all

DARREN SNYDER  |  THURSDAY, 3 SEP 2015
The Australian Institute of Superannuation Trustees (AIST) has released a framework for selecting default post-retirement products that attempts to eliminate a one-size-fits-all approach. Launched at the AIST Australian Superannuation Investment conference ...

Industry funds attack banks on super

DARREN SNYDER  |  MONDAY, 31 AUG 2015
... launched a series of advertisements putting their case ahead of proposals likely to change the way employer and employee default superannuation funds are selected. Earlier this month federal Assistant Treasurer Josh Frydenberg told the Financial Services ...

Berkeley scientist develops game for advice clients

MARK SMITH  |  THURSDAY, 13 AUG 2015
... achieving more efficient marketing strategies, for measuring how likely individuals with no formal credit rating are to default on micro-finance loans in developing countries and for use by human resources teams in optimising decision makers within o ...

Retail funds get behind campaign to lower fees

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
... have higher fees than industry funds, Loane argued that "a number of FSC member companies have very low fees in their default MySuper options." However, "these low cost MySuper options are prevented by legislation from competing with industry, corporate ...

Australians seeing Centrelink as "life insurance substitute"

ALEX BURKE  |  MONDAY, 10 AUG 2015
... purchased through group life policies in superannuation funds. More than a fifth (21.1%) of those surveyed retained their default cover because they felt their employer and/or fund understood appropriate levels of insurance cover better than them. Furthermore ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... said there is a significant opportunity for the government to reform the current "poorly-conceived" selection process of default superannuation funds. Speaking at the Financial Services Council (FSC) annual conference he said: "Opening the superannuation ...

Long term super fund returns approach record levels

STAFF WRITER  |  FRIDAY, 7 AUG 2015
... than twice inflation. This super fund returns strength is reinforced by the fact that over 95% of MySuper or Workplace default options posted 10%-plus returns for the 3 years ending June 2015 while the 2014-15 financial year is the sixth consecutive ...

Super board changes ignore past lessons: Bowen

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... benefits for competition over the past two decades," Bowen said. He noted the Productivity Commission in its 2012 report into default superannuation funds found there was "a lack of compelling evidence to suggest that any one model of board structure ...

Most members actively choose MySuper: research

DARREN SNYDER  |  WEDNESDAY, 5 AUG 2015
A study by the Centre for International Finance and Regulation (CIFR) shows about two-thirds of default superannuation members are actively choosing to enter a deafult option. From the study 'Delegation, trust and defaulting in retirement savings: Perspectives ...