Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 376 results for "MySuper products"

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... yesterday show total super assets hit $3.57 trillion last financial year, close to $1 trillion of which is in MySuper products. Total contributions into MySuper products in the year to 30 June 2023 were $134 billion, while $76 billion was paid out in ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... tool to drive better outcomes for members. Since the performance test was introduced in 2021, 17 underperforming MySuper products holding $75.5 billion in assets and 1.4-million-member accounts, have exited the market. These products, which demonstrated ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... significant reduction. "This is the biggest fall in the MySuper benchmark fee since 2014," Antil said. "Of the MySuper products, fees are now level for retail and not for profit funds." Regarding MySuper products, not-for-profit funds generally have ...

Betashares carves slice of superannuation pie

CHLOE WALKER, JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... he said. Rainmaker research shows that while super fees are trending down, currently sitting at about 1% for MySuper products, the pace of these fee reductions is too slow. For example, Vanguard's MySuper product charges just 0.58%, being the lowest ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... government should look to introduce a product modernisation framework to legacy Choice options, like the regime for MySuper products. In doing so, the government should offer members within failed trustee-directed products Capital Gains Tax rollover ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... administration fees and costs at 0.54% of assets, compared to 0.27% for non-platform trustee-directed products. MySuper products were just slightly cheaper again at 0.26%. Just 6% of all dollars assessed were held in platform products, showing the majority ...

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... trillion recorded in the year prior. Total APRA-regulated assets grew by 9.3%, amounting to $2.45 trillion. Notably, MySuper products constituted $996 billion of APRA-regulated assets, growing 13% from prior corresponding period. SMSF assets saw a 3.9% ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... The Superannuation Technical Determination No.1 of 2023 allows APRA to combine performance histories for all MySuper products, removing the previously arduous method of making separate determinations for each. In addition to the determination, APRA has ...

Colonial First State chalks up strong super returns

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
... its access to market leading investment strategies - including third-party managers - has provided CFS's MySuper products with the resources, insights and investment services needed to deliver outstanding member results," the spokesperson said. Colonial ...
PREVIOUS
NEXT