Search Results | Showing 1 - 10 of 378 results for "MySuper products" |
| | | ... available data that APRA has to be able to administer the test in a relatively quick manner as well," he said. MySuper products were the first to be subjected to the test three years ago, forcing many super funds that failed to either join forces with ... |
| | | | ... savings, assessing trustees on investment performance and fees charged to members. The test has been applied to MySuper products since 1 July 2021 and was extended to Trustee-Directed Products (TDPs) on 1 July 2023. In the latest test, which was the ... |
| | | | ... yesterday show total super assets hit $3.57 trillion last financial year, close to $1 trillion of which is in MySuper products. Total contributions into MySuper products in the year to 30 June 2023 were $134 billion, while $76 billion was paid out in ... |
| | | | ... Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ... |
| | | | ... tool to drive better outcomes for members. Since the performance test was introduced in 2021, 17 underperforming MySuper products holding $75.5 billion in assets and 1.4-million-member accounts, have exited the market. These products, which demonstrated ... |
| | | | ... significant reduction. "This is the biggest fall in the MySuper benchmark fee since 2014," Antil said. "Of the MySuper products, fees are now level for retail and not for profit funds." Regarding MySuper products, not-for-profit funds generally have ... |
| | | | ... 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 the lowest ... |
| | | | ... 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 ... |
| | | | ... administration fees and costs at 0.54% of assets, compared to 0.27% for non-platform trustee-directed products. MySuper products were just slightly cheaper again at 0.26%. Just 6% of all dollars assessed were held in platform products, showing the majority ... |
| | | | ... trillion recorded in the year prior. Total APRA-regulated assets grew by 9.3%, amounting to $2.45 trillion. Notably, MySuper products constituted $996 billion of APRA-regulated assets, growing 13% from prior corresponding period. SMSF assets saw a 3.9% ... |
|
