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Showing 21 - 30 of 1139 results for "MySuper"

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

E-commerce giant retreats from super

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2023
... been mixed. Its first full-year returns in FY21 show the Enhanced Indexed Growth option achieved 17.90% when the median MySuper option returned 18.8%. However, it didn't fare quite as well in FY22 - where median MySuper returns came in around -3% ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... default investment product posted an annual return of 6.9% over a 10-year span, just shy of the median 7.1% return for MySuper options. While the search for a permanent replacement gets underway, Prime Super's chief operating officer Remo Memmolo ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
... It's been a steady performer over the years, with Rainmaker Information data showing its default option, GuildSuper MySuper Lifecycle Growing ranks seventh for performance in the five years to August end with 6.6%. Over three years, it ranks just ...

Cbus appoints new head of infrastructure

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... investment performance, and have a strategic focus on the way we work." According to Rainmaker Information, Cbus' MySuper default investment option delivered an annualised return of 7.8% over a 10-year period ending August 31, ranking it 10 th out ...

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
... the past decade," he said. Superannuation funds, in comparison, returned 9.3% on average, according to Rainmaker's MySuper Index, thanks to higher tilts in equities. APRA figures show that MySuper funds had 53% invested in equites, of which 28% was ...

legalsuper appoints finance chief

ELIZABETH FRY  |  MONDAY, 16 OCT 2023
... Symons said he is looking for a new investment chief and a finance chief. The chief executive noted that legalsuper's MySuper balanced option, where the majority of the fund's members are invested, recorded a solid return of 7.92% for the year ...

Meat industry super fund rebrands

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... Food Super has about 65,000 and more than $3 billion in funds under management. According to APRA's FY23 statistics, its MySuper option made a net return of 11.2% in the last financial year. Its Shares Option (formerly High Growth) failed the latest ...

Betashares carves slice of superannuation pie

CHLOE WALKER, JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... returns," 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 ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... the 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 ...