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Showing 51 - 60 of 1139 results for "MySuper"

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... AustralianSuper trail with 8.95% and 8.22% respectively. To put the investments in perspective, Rainmaker Information forecasts MySuper products to report an average return of about 9% for FY23. Even with a challenging investment climate, HESTA is adamant ...

AustralianSuper posts solid return for FY23

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
AustralianSuper has posted an 8.22% return for its balanced investment option. Of note, the Rainmaker MySuper performance index benchmark is likely to yield a return around 9%. AustralianSuper chief investment officer Mark Delaney said that the fund ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
The recent surge in equities should see MySuper products return an average of about 9% for FY23, according to Rainmaker Information - a finding supported by those funds that already released figures. Modelling by Rainmaker shows superannuation returns ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
More member assets are held in Choice products than in MySuper options, according to quarterly superannuation industry statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 ...

Cbus delivers strong returns, grapples property headwinds

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
... than offshore, given that offshore property, particularly in the US, has been noticeably weaker. As of May 31, the APRA MySuper index for Australian listed property, the S&P/ASX 300 A-REIT, yielded a one-year return of 2.25%. In contrast, the FTSE EPRA ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
The Rainmaker MySuper index reported a 0.6% return for the year to 31 March 2023, continuing its series of positive rolling annual returns. The MySuper index surpassed the broader S&P ASX 200 market index, which posted a 0.1% return over the same duration. ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... concerns. Applying the test to platform products is "ill-conceived", he said, adding that the methodology designed for MySuper, where members have one product, is in stark contrast to platforms members utilise to access multiple investment options. "The ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... the fund's $2 billion exposure to fossil fuels. As at 31 December 2022, Santos shares made up 0.49% of Rest's MySuper option Core Strategy, a spokesperson said. "We are an active owner and believe that engaging with companies as a shareholder ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... well-functioning financial system: efficiency, resilience, and fairness. One example of an APRA metric assesses the number of MySuper members in a high-fee, poor-performing super funds. A metric for ASIC will assess the average time it takes to complete ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...