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Search ResultsShowing 91 - 100 of 100+ results for "MySuper"
Frydenberg flags new advice disciplinary system
HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... on and introduced by 30 June 2020, alongside action on the recommendation to halt advice fees from being deducted from MySuper accounts. The government also committed to reviewing measures implemented by government, regulators and financial services ...
Industry fund overhauls fee structure
KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... the high growth option for example, are split across: investment (0.28%), admin (0.39%) and ICR (0.34%). The EISS Super MySuper Conservative Balanced fund charges 0.24% for investment fees, 0.39% in admin fees and 0.21% in indirect costs. Previously ...
CFS trims corporate super distribution team
KANIKA SOOD  |  MONDAY, 12 AUG 2019
... FirstChoice Employer lifestage (1970-1974) has returned 9.7% over three years to June end, compared to the median workplace MySuper product's 8.9% return for the period, according to Rainmaker data. Commonwealth Bank's annual results announced last week ...
Renewed calls for risk-adjusted returns
KARREN VERGARA  |  MONDAY, 12 AUG 2019
... outperformance has drawn the ire of some that are being unfairly compared. Maritime Super was prompted to defend its MySuper option after it was named the "weakest performer" in an AFR article, bottoming the league table at 4.3% per annum, while rival ...
AMP profits dive, chief pay restructured
ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... reflected a range of factors including the impact of AMP's appearance at the Royal Commission in 2018 and changes to MySuper pricing. As for the advice business, the cessation of internal distribution arrangements between advice and the Australian wealth ...
First State Super, VicSuper merger talks progress
JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2019
... From an age perspective, VicSuper's average member is 45, while First State's is 46. In terms of investment returns, MySuper investment returns from June 30 show VicSuper has achieved a five-year return of 8.23%, close to First State's 8.3%. Over a 10-year ...
NFP funds dominate group insurance market
KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... default death cover, down to 77% for industry fund members and 75% for retail fund members. "This translates into 76% of MySuper product members having death cover through their fund. The higher corporate fund up-take is most likely due to insurance ...
Super fund launches new options
KARREN VERGARA  |  MONDAY, 15 JUL 2019
... mid-term. As of 1 July 2019, the fund offered members eight investment options in total. Christian Super also reduced its MySuper My Ethical Super option investment fees from 1.04% to 0.45% and increased its indirect cost ratio from zero to 0.55%. As ...
APRA sticks to rigid member outcomes deadline
KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... the business planning process will be of particular interest. Trustees must also prepare outcomes assessments for every MySuper and choice products, including the timing and publication of the assessments and data sources. RSEs have the discretion to ...
MySuper lacks risk and return correlation: Research
KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... on their own merit as the level of risk does not always directly link to returns. Rainmaker's inaugural RMetrics MySuper report took a deep dive into the relationship between performance and volatility of MySuper products in the three years to March ...
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