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Showing 1 - 10 of 73 results for "Cash option"

Qantas Super lowers investment fees, updates cash option

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
Qantas Super announced changes to its Cash option, updated its exclusions criteria, and lowered investment fees for members. The Cash option's objective is to achieve a return after tax and investment fees equal to the Bloomberg AusBond Bank Bill ...

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... refreshed the investment objectives for two options. As of October 1, AustralianSuper is moving account balances to the cash option after it is notified of a deceased member's death. This will take two business days for PreMixed and DIY Mix investment ...

Brighter Super launches Retire Easy Pension

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2024
... members' money into three buckets for the short, medium, and long term. The first bucket invests in the fund's Cash option and allows for two years' worth of regular, monthly income payments. Fifty percent of the remaining balance is then ...

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member money in a cash option. Last week, Justice Murphy determined that the amount was "fair and reasonable" after Westpac agreed to settle the class ...

Superhero Super swallows Smartsave, overhauls offerings

KARREN VERGARA  |  TUESDAY, 5 DEC 2023
Diversa Trustees sub-plans Smartsave and Superhero Super have merged as the latter announces significant changes to its fees, structure, and investment menu. On October 26, Smartsave moved into Superhero Super. This was after a "thorough evaluation ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... Australian Shares - Index, Emerging Markets Shares, and Diversified Bonds will also cost more. Its Balanced - Index and Cash option will retain their existing pricing. Meanwhile, the fund is also increasing its insurance premiums quite significantly. ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... which is subject to court approval and negotiated on behalf of customers who had invested their super in the BT Super cash option between 2007 and 2019. It was alleged that members who invested in the BT Super for Life cash-only option received lower ...

Super fund overhauls investment direction

JAMIE WILLIAMSON  |  MONDAY, 21 NOV 2022
... a significant move for the fund as it currently invests all members with a balance lower than $1500 wholly in the Cash option. Under the existing investment direction, once an account balance exceeds $1500 it must be moved to the Growth option and remain ...

Brighter Super simplifies investment menu

JAMIE WILLIAMSON  |  MONDAY, 25 JUL 2022
... didn't make the cut to be closed. Brighter Super's Balanced, Stable, Australian Shares, International Shares, and Cash option will all close. In their place, Energy Super's Capital Managed, Stable, Australian Shares, International Shares and Cash Enhanced ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... decrease will be seen on its Australian shares with a reduction of 39.13% while the Stable option will drop 7.41%. The cash option will remain as is at 0.08%. The fund is also reducing administration fees for its pension members while also capping them ...
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