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Showing 91 - 100 of 822 results for %22MySuper Product of%22

Performance test expansion paused as government announces review

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2022
Treasury has halted the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months while conducting a review of the laws. Minister for financial services Stephen Jones announced that the review will commence ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... services to our members." Using data from last financial year, Rainmaker Information estimates the average fees for default MySuper products sits at 1%. Since 2011 and 2021, super fund fees dropped by a quarter, with about half of the reductions seen ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... after-tax. For institutions, July 1 sees the expansion of the annual investment performance test that was first applied to MySuper products in 2021. The test, introduced under the Your Future, Your Super reforms, has been extended to trustee-directed ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... history where it granted a new My Super product authorisation based on material goodwill. "Where APRA grants a new MySuper product authorisation under the material goodwill provision, APRA is satisfied that the previously authorised MySuper product is ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... Super assets totalled $3.4 trillion at the end of March 2022, a 9.7% increase from the year prior. The total assets in MySuper products now sit at $927.9 billion as at the end of March 2022, which represents a 2.3% quarterly decrease but an annual increase ...

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... 10 years to the end of 2021, the ABS eight city house index increased only 6% pa, but in savage contrast, the Rainmaker MySuper index climbed 50% faster. Over this 10-year period, an investment in the ASX would also have performed better than housing ...

NGS to reduce emissions 35% in three years

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2022
... interests of members," Squires said. The fund has conducted a baseline measurement of the carbon intensity in the Diversified (MySuper) investment option in which more than 70% of the membership is invested and has conducted scenario analysis to plan ...

GuildSuper overhauls MyMix option

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
... within its MyMix product. Members will then be able to select from growth, balanced and secure options, in addition to the MySuper Lifestage option, the fund said. Members who don't select a new option will automatically be transferred to another, similar ...

Hostplus tops super ranks to March

CHLOE WALKER  |  WEDNESDAY, 4 MAY 2022
... Rounding out the top five is Australian Catholic and Retirement Fund, returning 10.1%, and TelstraSuper Corporate Plus - MySuper Growth with 9.8%. At the bottom of the table was Australian Ethical Super Employer - Balanced (Accumulation) returning 5.8% ...

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
... prepares to expand its menu, LGIAsuper has reduced fees across most of its investment options, including by more than 30% for MySuper members. Effective March 31, the total of investment and administration fees have been reduced across LGIAsuper's MySuper ...