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Showing 921 - 930 of 1955 results for "Default"

Sunsuper appoints institutional, sales execs

LAURA MILLAN  |  TUESDAY, 28 APR 2015
... will be Sunsuper's national manager of corporate sales and will lead the business development team and focus on winning default superannuation mandates in the mid-market. Smith joined Sunsuper from Australian Unity, where he was head of corporate superannuation ...

ISA urges government to keep super safety net

ALEX BURKE  |  FRIDAY, 24 APR 2015
... would collectively cost employers $1.8 billion. Dropping the safety net would allow retail MySuper funds to compete in the default superannuation sector, but ISA's statement said it would "impose a time-consuming financial and legal burden on employers ...

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
... Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles retail competition with industry funds, FSC chief excecutive ...

Hockey slams Labor super tax proposal

ALEX BURKE  |  THURSDAY, 23 APR 2015
... Treasurer Joe Hockey has responded to Labor's suggestion of a 15% tax on super earnings above $75,000, saying, "Labor's default position is always to increase taxes." In an interview, Hockey said he hadn't looked at the "details" of Labor's announcement ...

Industry responds to Grattan report

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... you look at the $1.95 trillion - they mention the $21 billion cost, and it's around 1.1%. "That includes all choice and default products. Most people are in MySuper, though, and they're paying an average of 0.93%." "So most people are paying under 1%. ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
... nest egg, explained the report. To drive down costs, the report re-stated its 2014 recommendation that there should be default fund tenders to "[force] funds to compete on cost while preserving asset allocation." Financial Services Council (FSC) chief ...

Market Wrap AM

AAP  |  MONDAY, 20 APR 2015
... The Australian market looks set to open lower following sharp falls on Wall Street on fresh worries about a Greek debt default as US President Barack Obama called on Greece to enact reforms. At 0815 AEST on Monday, the June share price index futures ...

Market Wrap AM

AAP  |  FRIDAY, 17 APR 2015
... released," said Augustin Eden at Accendo Markets. "The Greek government is running out of money fast and threatening to default on its next debt repayment if funds are not made available." The region's equities had rebounded on Wednesday as weak Chinese ...

Bank super incentives 'unlawful': ISA

MARK SMITH  |  MONDAY, 23 MAR 2015
Banks who offer their business clients discounts or incentives to switch their employee default super scheme could be breaking the law. That's according to Industry Super Australia (ISA), the body representing 15 industry super funds, which has sought ...

CMSF closes with focus on policy

LAURA MILLAN  |  FRIDAY, 20 MAR 2015
... development." He added: "We do not subscribe to the pure competition theory that any MySuper product should be allowed to be a default option for an employer." During the conference, Energy Super chair Bob Henricks and HESTA board director Maree O'Halloran ...