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Showing 21 - 30 of 777 results for "Retail fund"

Industry fund market share soars: KPMG

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
Industry funds have solidified their dominance with a remarkable increase in market share, largely at the expense of public sector funds, according to a KPMG report. The KPMG report revealed a "massive" market share increase for industry funds, growing ...

Brighter Super forges ahead with SFT

KARREN VERGARA  |  MONDAY, 17 APR 2023
... fees and the greater investment opportunities that will be delivered by combining the funds," Farrar said. "Merging a retail fund into a not-for-profit fund has not been done before in Australia. It does add extra complexity to harmonise products, but ...

Mergers, performance dim super satisfaction: Survey

KARREN VERGARA  |  FRIDAY, 24 MAR 2023
... were HESTA, UniSuper, AustralianSuper and Hostplus. Retail funds declined by 5.6% points to 61.3%. Macquarie Group's retail fund was the only product that bucked the trend, climbing 3.5% points in 2023. Members' dissatisfaction came off the back of share ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
Rainmaker Information estimates the $3 million superannuation cap would impact $410 billion of savings for around 100,000 Australians. Although only a small proportion of Australians hold $3 million or more in superannuation, they own a disproportionately ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
The number of Millennial-targeted super funds continue to fall by the wayside, halving to just 14 nearly a decade after attempting to disrupt the superannuation sector. Touted as pioneers in the super industry, the likes of Future Super and Virgin Super ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... all their money would go to the government if they died, emailed documents including a completed application for a retail fund and an invoice for advice that was not provided, and told to sign immediately. They are then charged thousands of dollars in ...

Industry fund tops personal super tables

ANDREW MCKEAN  |  MONDAY, 16 JAN 2023
Research by Rainmaker Information shows that an industry fund has the best performing personal super investment option, as at 30 November 2022. Hostplus Personal - Balanced option ranked first in Rainmaker's last superannuation performance tables ...

Super fund with highest customer satisfaction named

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... UniSuper achieved the highest customer satisfaction rating of any the industry funds; IOOF was the highest placed retail fund. UniSuper chief member and advice officer Danielle Mair told Financial Standard, that the Roy Morgan findings, in the context ...

MySuper index records worst rolling return since 2009

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
The median return for MySuper products in September was -3.3%, causing the Rainmaker MySuper Index to see its worst annual rolling return since August 2009. For the 12 months to September end, the MySuper index returned -6.4%. It was dragged by the ...

AMP's Edwina Maloney joins ASFA board

ANDREW MCKEAN  |  TUESDAY, 20 SEP 2022
... Edwina Maloney has joined the board of the Association of Superannuation Funds of Australia. Maloney will represent the retail fund sector, filling a casual vacancy created by the departure of BT's Melinda Howes earlier this year. ASFA said Maloney is ...