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Showing 11 - 20 of 1132 results for "MySuper"

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... that exceeded benchmark, and of the accounts that failed to meet the benchmark, only 1% fell short by more than 0.5%. MySuper default investment options also showed strong performance, with 80% of member accounts in products that surpassed their tailored ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... indicated a 2% reduction in the past year. SMSFs are the least expensive segment with average fees of 0.65% per annum, while MySuper options, covering the largest number of members, maintains competitive average fees of 1% per annum as of June 30. Rainmaker ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... a new function that allows members to pay for advice fees via their SaveSmart account - the super fund's lifecycle MySuper investment option. As of next month, Vanguard Super members can opt to have advice fees deducted directly from their SaveSmart ...

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 ...