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Showing 91 - 100 of 532 results for "MySuper product"

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... wealth manager is also facing penalties over its conduct in rolling members out of FirstChoice and into its cheaper MySuper product over a period of two years.

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
EISS Super chief executive Alex Hutchison has resigned, after the fund failed the performance test and during its planned merger with TWUSUPER. Hutchison resigned yesterday and requested it be effective immediately. EISS Super chief financial officer ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... members of its FirstChoice Fund on at least 12,978 occasions over nearly two years in relation to switching to its MySuper product. The court found CFS's communication (via letters and calls) may have encouraged members to stay in FirstChoice instead ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... returned 22.2%. To gauge how that return would flow through to members if the fund were a government sponsored MySuper product, Rainmaker applied a general taxation rate of 6% to its performance and an assumed 0.2% annual administration fee. The result ...

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... of seven age cohorts on the back of strong equity markets. CBA's Essential Super is best-performing lifecycle MySuper product across the most age cohorts, followed by Mine Super, CFS FirstChoice Employer and Telstra Super. Rainmaker's Retail MySuper ...

AustralianSuper to shutter property option

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... suspended from today. After September 10, the fund will switch members who don't switch themselves to its MySuper product. A spokesperson said the decision stems from "declining member demand" for the single-asset class option, which has made it ...

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
Occupational exclusions in group insurance are under the microscope as the federal government reviews their fairness and appropriateness. Senator Jane Hume has opened consultations for the review until October 14, aiming to find solutions to problems ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
Only half of superannuation funds will be prompted to change their investment profile as a result of the new Your Future, Your Super performance test, an Australian Institute of Superannuation Trustees survey shows. The poll, conducted at AIST's ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
At the AIST's annual investment conference, APRA general manager superannuation Katrina Ellis was asked if the regulator is keen on transparency, why it didn't publish the quantum by which MySuper products passed or failed the inaugural YFYS ...