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YFYS net must be cast wider: CbusBY ANNABELLE DICKSON | FRIDAY, 9 APR 2021 12:26PM
The $59 billion industry fund is calling on the government to include all superannuation products in the proposed performance benchmarks from the same date and not commence the rest of the measures until all underperforming funds have been removed from the system.
Read more: Cbus, Justin Arter, MySuper, Productivity Commission, Robbie Campo, Senate Committee, YFYS
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Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus.
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A newly created team, led by a former BlackRock regional executive, is boosting the international manager's presence in Australia as it launches its first pan-Asia strategy.
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The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume.
The ratings house has appointed a new chief executive, after it announced Charlie Haynes's impending departure last month.
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