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Showing 951 - 960 of 1954 results for "Default"

FSI report favours longevity pooling

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... make more use of longevity pooling in their retirement products. The report recommended that super funds offer a quasi-default 'comprehensive income product for retirement' (CIPR) to all members at retirement on an opt-in basis. This CIPR, it said, should ...

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
David Murray has recommended that the MySuper system be replaced by a default fund auction process similar to the Chilean model if fees do not come down considerably by 2020. The Financial System Inquiry final report has argued that superannuation fees ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... 1.5% fees as a standard baseline may be numbered. But the FSI hasn't stopped there. It wants the competition doors to default and especially union controlled award default super swung wide open - a view that will delight the government looking for a ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... superannuation funds. Improving efficiency during accumulation: Introduce a formal competitive process to allocate new default fund members to MySuper products, unless a review by 2020 concludes that the Stronger Super reforms have been effective in ...

Investors blind to arbitrage opportunity in emerging market debt

MARK SMITH  |  WEDNESDAY, 3 DEC 2014
... than it was 10 years ago. I think its people's natural xenophobia. "You have to go back a long time to find a significant default. The Thai baht came unglued 17 and a half years ago. We've had some other defaults but they have been unbelievable small. ...

Super returns dip in September quarter

JAMES FERNYHOUGH  |  FRIDAY, 28 NOV 2014
... outperformance of retail funds, and said it vindicated the validity of the Fair Work Commission's involvement in the selection of default super funds for modern awards. "Australians rely on the safety net to ensure our savings are in good hands," he ...

ASFA launches blueprint for post-retirement system

JAMES FERNYHOUGH  |  THURSDAY, 13 NOV 2014
... post-retirement system. Entitled A New Framework for a Better System, the paper argues for an opt-out MyPension product for default members, as well as compulsory disclosure income stream projections. ASFA chief executive Pauline Vamos said: "We know ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
Less than half of retail workplace default account balances have been transferred across into MySuper products, raising concerns the slow retail MySuper transition is costing retail super fund members hundreds of millions of dollars in extra fees. Rainmaker ...

Rejoice for the A$ has fallen

BENJAMIN ONG  |  THURSDAY, 6 NOV 2014
... Australia from the 1997 Asian Financial Crisis and the collapse of Long-term Capital Management (LTCM) and the Russian debt default in 1998. It was the dollar-A's drop from around US$0.65 in early 2000 to US$0.49 that saved the country from the 2001 ...

Super returns dip to 9.0 pct

STAFF WRITER  |  TUESDAY, 4 NOV 2014
... segment gap, however, has contracted from 200 to 170 basis points. The top five Workplace super funds (by MySuper and default options) over the 12 months were Telstra Super with 11.5%, Statewide with 11.2%, PSSap with 10.8%, AustSafe with 10.7% and both ...