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Showing 91 - 100 of 400 results for "MySuper products"

Lifecycle now MySuper mainstream: Rainmaker

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
... That said, it's half the differential the same comparison in 2019 found. As of June 2021, there were 67 generic MySuper products on offer, 21 of which were lifecycle options totaling $316 billion in FUM. About half of this FUM is owned by members in ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... with immediate effect. In the days leading up to his resignation, the $6 billion fund was named as one of the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. Following that, the Sydney Morning Herald reported claims ...

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... the transaction, CFS will be owned by Commonwealth Bank and KKR in partnership. FirstChoice was one of the 13 MySuper products to fail the Your Future, Your Super performance test. Ahead of the results, it also moved to cut its administration fees significantly ...

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... and have agreed to..." Mundy said. Hutchison's departure comes 10 days after the fund was named among the 13 MySuper products that failed APRA's inaugural performance test, and a day after Sydney Morning Herald published reports of bad culture and frivolous ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... administration fee. The result sees that 22.2% headline return discounted by 1.53%, seeing it rank 10 th among MySuper products for the year. Meanwhile, making the same adjustment to the Future Fund's raw returns would see it drop to 14 th place. Rainmaker ...

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
MySuper products continue to deliver returns averaging 20% at the end of July, Rainmaker analysis shows. Rainmaker's MySuper Index returned 19.2% in the year to July 2021, surpassing June's rolling one-year return by 40 basis points. This makes July ...

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... 14, aiming to find solutions to problems that arise from occupational exclusions in group insurance provided by MySuper products. This includes issues for new members and members changing jobs and what options may be required for changes to the current ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper products, out of the thousands of superannuation products available to consumers. From July 2022, trustee-directed products will ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... This week, APRA's inaugural performance test named and shamed the worst-performing superannuation funds. The MySuper products of AMG Super, BT Super, Colonial First State and ASGARD are some of the bad performers from a total of 13 APRA singled out. ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... 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 test. The test results released on Tuesday showed 13 funds failed, meaning they fell ...