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Showing 131 - 140 of 378 results for "MySuper products"

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... Royal Commission formed the view that NULIS' decisions in regards 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 may not have ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
... unprecedented volatility, Australian Ethical saw its MySuper Balanced option come in as one of the top three performing MySuper products over the FY20 - and it was also one of only 15 options to finish the financial year in the green. Notably, it's ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... totalled $2.9 trillion at the end of the June 2020 quarter, down 0.6% compared to June 2019. Total assets in MySuper products were $731.3 billion at the end of the June 2020 quarter; this is also down 3.3% compared to the same period last year. The industry-wide ...

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
Default MySuper products delivered negative returns in the 2019/2020 financial year, but the results weren't as bad as they could have been. According to the Rainmaker MySuper investment performance index, MySuper products delivered an average return ...

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... six months after the government's announcement yesterday that the scheme has been extended to December 31. MySuper products are also expected to demonstrate an average return of -0.7% for last financial year - the lowest returns since the Global ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... full sample up to end of May 2020, supplemented with June 2020 returns for a curated sample of 20 not-for-profit MySuper products with funds with daily unit prices. This is the fourth lowest return in 20 years, and the first negative benchmark return ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... view that CFSIL's decisions not to bring the migration of certain cohorts of its FirstChoice members into MySuper products forward from just prior to the legal deadline, and to grandfather certain fee arrangements, may not have been in its members' ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... fees, in December 2019 continue to do so now and have more work to do, APRA said. "At an aggregate level, the MySuper products with the highest total fees in December 2019 have lowered their fees over the last six months. However, for most of these the ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... Consequently, they are not a sensible base for peer comparisons." Analysing the range of target returns above CPI for MySuper products (assuming a 10-year horizon) the firm said that with underlying inflation currently less than 2% p.a., the targets ...

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... as markets set about reclaiming the ground lost to the pandemic. Rainmaker's data shows the average return for MySuper products in May was 2.1%, which followed the 3.2% return posted in April. The firm's executive director of research and compliance ...