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Showing 971 - 980 of 1954 results for "Default"

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
... Industry Super Australia (ISA) used the figures to highlight that retail funds have not shifted the majority of their default members into MySuper accounts. "The APRA report confirms that just $13 billion of savings in bank-owned and other retail funds ...

Super returns lift to 11.1%

STAFF WRITER  |  FRIDAY, 3 OCT 2014
... segment gap is, however, closer to 200 basis points. The top five best performing Workplace super funds (by MySuper and default options) were CFS FirstChoice with 14.6%, Telstra Super with 14.2%, CBA Essential and COALSUPER with 13.8% and Rio Tinto Super ...

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
... in MySuper assets under management. Rainmaker estimates that this dollar coverage means approximately half of workplace default FUM has already been transferred across into the MySuper product class, a rate of transfer that is much faster than many industry ...

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager ...

Extend MySuper to retirement: ASFA

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
... the whole of their retirement. "For people who are largely disengaged with their super, this could be in the form of a default 'MyPension', which offers an allocated pension alongside the option to invest in a product that offers longevity protection." ...

Hot property on notice

BENJAMIN ONG  |  THURSDAY, 25 SEP 2014
... and are actively engaged in their own prudential risk management. Besides, the RBA's own review shows that the 90-day default rate on home loans is a mere 0.6% and that the mortgage buffer by borrowers (based on present interest rates) is around two ...

The ECB can't make the horse drink

BENJAMIN ONG  |  WEDNESDAY, 24 SEP 2014
Just a few percentage points are all it took for the Australian equity market to get into what the financial presses call the "Beijing bounce". Two percentage points above the previous month and five percentage points more than consensus expectations ...

HOSTPLUS to launch lifecycle option

JAMES FERNYHOUGH  |  FRIDAY, 19 SEP 2014
... interested, I'm not actually smart enough to pick stocks in the ASX 300, so I've got my money invested in the balanced default option." He also said that members will soon be able to invest directly in the IFM Investors Australian Infrastructure Fund ...

Young Australians clueless about life insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 17 SEP 2014
... most engaged, with over 60% saying they had good understanding and less than 6% saying they had no understanding at all. Default MySuper products are required by law to include life cover. The high level of disengagement among fund members means some ...

Hockey wants Sinodinos back

JAMES FERNYHOUGH  |  TUESDAY, 16 SEP 2014
... Finance Minister Mathias Cormann. Two key policy areas - regarding the role of the Fair Work Commission in the choice of default superannuation funds and the constitution of industry fund boards - have been in limbo ever since Sinodinos stood aside. ...