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Showing 71 - 80 of 1139 results for "MySuper"

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... recommendation in our submission to Treasury and the time periods used on the MoneySmart website and product dashboards for MySuper products," Scheerlinck said. "Although applying the test to trustee-directed products from this year broadens the scope ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... evidence from the prudential regulator has demonstrated that this focus has reduced administration fees for consumers of MySuper products." Likewise, Super Consumers Australia (SCA) director Xavier O'Halloran praised the government's YFYS review ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... notes that the performance test has significantly reduced the likelihood that employees are stapled to underperforming MySuper products. It is important that members are insured appropriately, and the government will continue to work with stakeholders ...

Industry fund tops performance tables

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
Active Super has topped the list for best performing workplace MySuper option in the three years to February end, with a 7.1% per annum return. Mine Super High Growth and TelstraSuper Corporate Plus came in second, tying with returns of 6.9% p.a. followed ...

Women-led super funds outperform over medium, long run

JAMIE WILLIAMSON  |  TUESDAY, 7 MAR 2023
Women-led MySuper products have outperformed on average by a consistent 0.3% per annum over three, five and 10 years, new analysis shows. Rainmaker Information looked at the performance of 18 women-led MySuper products, being those with women in senior ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... billion. The self-managed super funds sector was also down, declining 2.4% year on year to $880.6 billion. Meanwhile, MySuper products declined in line with the overall asset pool, dropping 3.1%to $917.3 billion. Australians' retirement savings shrank ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... practices, Ellis says. Further, the regulator is monitoring fund underperformance. While most of the focus has been on MySuper products, following the Your Future, Your Super review, APRA will be prepared for an iteration of the performance test for ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... leading into and during their retirement." As previously reported by Financial Standard, APRA heatmaps said the bank's MySuper option had significantly poor performance in relation to the benchmark. The fund's total accounts growth rate (three-year ...

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... foundation" from which to build. According to APRA heatmap data, HESTA ranked fifth by a measure of total accounts growth, for MySuper products, averaged over a three-year period. Accounting for some of this growth, HESTA completed its merger with Mercy ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... "The median expense ratio for disruptor superannuation products being 1.15% p.a. was 10% higher than the Rainmaker 2022 MySuper fee benchmark of 1.06% p.a. Their high fees were a symptom of their lack of scale." Those still left standing - Future Super ...