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Showing 121 - 130 of 378 results for "MySuper products"

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... AMP, IOOF and Link Group but have no impact on Netwealth and HUB24. The government is proposing to subject all MySuper products to a new APRA-administered annual test from July 2021 and all trustee-directed super products from July 2022. Funds that fall ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... women." The Association of Superannuation Funds of Australia (ASFA) said it supports measures to lift standards for MySuper products but changes need to be carefully considered. "We don't suffer from a shortage of good funds and we need to ensure that ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... with Australians to be 'stapled' to their super account. Further, from July 2021, APRA will benchmark MySuper products, with products that have underperformed over two consecutive annual tests to be banned from taking on new members until they ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... reviews, in which many super funds are pitting themselves against a narrow field and failing to include all of their MySuper products in the assessment. "Often it wasn't clear to us why certain peer groups for choice products had been selected. Trustees ...

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... territory, recording two consecutive months of gains to August, Rainmaker's latest super performance tables show. MySuper products offered by not-for-profit superannuation funds outperformed their retail counterparts in the year to August by 0.6 ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... superannuation fund is turning its performance around. Mine Super initiated several strategic investment changes to its MySuper products, which are now delivering better performance and member outcomes, according to its investments lead. These included ...

NZ Super Fund posts positive result

ANNABELLE DICKSON  |  THURSDAY, 10 SEP 2020
... Despite delivering single digit returns, the NZ Super Fund managed to outperform the average returns of Australian MySuper products and the Future Fund. The $44.8 billion fund recorded a return of 1.73% for the year ending June 30 underperforming its ...

MySuper products show resilience

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2020
August marked the fifth consecutive month of positive returns for MySuper products since the COVID-19 pandemic hit, recovering 70% of losses, new Rainmaker analysis shows. Last month generated a positive performance of about 1.7% for superannuation ...

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
... asset classes of property and infrastructure has been updated to align with the APRA Information Paper Heatmap - MySuper products"released in November 2019 Finally, from 1 October 2020, information about HESTA's foreign currency hedge strategy for each ...