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Showing 91 - 100 of 234 results for %22total MySuper%22

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... heatmaps, 11 out of 47 MySuper underperformers have exited the industry. Of the 11 MySuper products with significantly high total fees, eight have reduced their total fees and costs by an average of $166 per annum and two have exited the industry. Despite ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... underperformance in the past". Leigh asked Howes if the super fund provider was "worried" about moving to a regime that was assessed on total returns and the possibility that it won't be allowed to let new members join as a result of poor performance. ...

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... release of super scheme, coupled with market volatility and a sharp economic downturn, the super system has staged a comeback. Total contributions increased 2.9% to $120.2 billion, up from $116.8 billion in September last year. Net contributions were ...

Spaceship launches new managed fund

KANIKA SOOD  |  WEDNESDAY, 18 NOV 2020
... complicated processes and jargon-heavy products Spaceship chief executive Andrew Moore said. The firm has $550 million in total assets and recently crossed 100,000 customers. It targets younger investors and has stayed away from the adviser or corporate ...

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... ($2.25 per week) and 0.04% based on the account balance, as well 0.60% of investment fees deducted from the member's total balance. Spaceship's flagship GrowthX option (invested in 88% listed equities) charges admin fees of $78 per year and 0.795% ...

MySuper reforms could have downsides

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... straightforward matter. The research by Deniz Yavuz, Sunil Wahal and Amit Goyal looked at international pension funds with a total of $1.6 trillion in assets to be delegated to managers between 2002 and 2017. They found two factors played a big role ...

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
... last few years. Rowe said as a result of these measures over $150 million in costs has been taken out of the business. The total fees on a $50,000 balance have been cut from $488 to $463 for default Super Saver members. In September 2017, total fees ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
... opportunity for Australian Ethical, with super funds and other institutional players currently making up only 5-6% of its total investor base. "It's not something that we have put a lot of energy into because our direct to consumer offer is going ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... billion, while lump sum payments out totaled $26.8 billion for the June quarter, up 77.7% from the March quarter due to ERS. Total contributions marked an increase of 17% from the March 2020 quarter ($28.7 billion) but 1.4% less than in the June 2019 ...

MySuper portfolio winners, losers revealed

ALLY SELBY  |  TUESDAY, 18 AUG 2020
... positive monthly returns over the three years to June. This compares with UniSuper's MySuper offering, which recorded 21% total monthly losses and 55% total monthly gains. Rainmaker's head of investment research John Dyall said a focus on risk ...