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Showing 91 - 100 of 377 results for "MySuper products"

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... funds to look at their fees and their costs," she said. According to Rainmaker research, in 2019/20 about half of MySuper products lowered their total fees. So far, this financial year about 40% of funds have continued to lower fees, including funds ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... Royal Commission formed the view that NULIS' decisions in regard to moving certain groups of members into MySuper products, grandfathering certain fee arrangements and the charging of fees to members for services that were not provided were not in ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
... members accuses the super trustees of breaching their duties by delaying the transition of accounts to cheaper MySuper products. On 18 December 2020, the Supreme Court of Victoria ruled the case invalid. A spokesperson for Maurice Blackburn confirmed ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... superannuation products to be subject to performance benchmarking and the annual performance test - not just MySuper products.

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
Fees charged by MySuper products could halve over the next decade to a median of 0.5% per year, says Rainmaker Information which analysed the fees of 457 super products over the last six months. The research found MySuper products charged members median ...

Unlisted assets deliver modest returns

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
New research reveals that MySuper products with high weightings to unlisted assets provide modest returns but contribute lower volatility and higher autocorrelation. Rainmaker's latest RMetric report sought to find out if the performance of MySuper ...

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... billion slowing down by 4% year on year. Public-sector funds increased by 6% to $552.6 billion. There were 96 MySuper products at the end of last year, 12 less than the prior year, thanks to APRA's heatmap weeding out underperformers. MySuper's ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... members 60 years and over who are invested in balanced growth option. Effective June 2021, Aware will move its MySuper products from two age-based stages to 11 stages. All Aware MySuper members up to age of 55 will go into the multi-asset high growth ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... prior to deducting fees for their services. The legislation also bans the deduction of ongoing advice fees from MySuper products. Treasurer Josh Frydenberg and minister for superannuation, financial services and the digital economy Jane Hume said the ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... could lose up to $170,000 in savings. The Rainmaker Superannuation Benchmarking Report found that single strategy MySuper products at least matched, and often beat, the lifecycle MySuper index across all age groups over the three and five-year performance ...