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Showing 21 - 30 of 1133 results for "MySuper"

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 ...

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
AMG Super is getting out of MySuper as its product fails the Your Future, Your Super performance test for a third time. AMG Super has announced to members that it will close its MySuper product early next year. The notice was issued to members on August ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... the options that failed represent just 1.5% of the total FUM held by AMP in super and pensions. It added that all its MySuper options passed the test, as did the bulk of its trustee-directed products. Further, AMP noted that the bulk of the options that ...

Russell adds to sustainable managed portfolios

KARREN VERGARA  |  TUESDAY, 29 AUG 2023
... any way they can, and this includes how and where they invest," Rogan said at the time. Russell's GoalTracker, the MySuper default option for iQ Super, Nationwide Super and Resource Super members, has posted returns up to 13.5% in the 2023 financial ...

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... commencing for this transition, including organising the transfer of the defined benefits accounts to ART. AvSuper's Growth MySuper option returned 11.4% in the last financial year. "In a year of continuing market volatility, we achieved improved performance ...

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... able to execute certain transactions. In an investment update, Rest also revealed it's altering asset allocations in its MySuper core strategy and sustainable growth options. The core strategy, which yielded a 9.26% return in FY23, will increase allocations ...

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
APRA has published its Quarterly Superannuation Performance and Quarterly MySuper Statistics report, revealing surging growth in the superannuation sector. Total superannuation assets increased by 7.6%, reaching $3.54 trillion in the year to June, compared ...