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| | | The introduction of MySuper with more streamlined investment options and fees means super funds need to up the ante in social media engagement for brand differentiation, according to one consultancy. In a study of 34 super funds representing a range ... |
| | | | ... commercial attributes," Girgis said. Under options three and four additional criteria sit over top the requirements for a MySuper product in order to be considered as a default fund in modern awards. Under option three, Fair Work Australia would apply ... |
| | | | ... advance of implementation," he said. "The government has not introduced the whole package but just a few tranches of the MySuper legislation." However, he said it was quick to impose a new tax on the financial services sector in the form of a $470 million ... |
| | | | In implementing MySuper, the government is taking on a new role outside its current remit, said Maged Girgis, partner, Minter Ellison Lawyers. The criteria for inclusion on the list of default funds means that the government is undertaking a commercial ... |
| | | | ... greater convergence of retail and industry super funds. The minister said that within five years, the transition into MySuper will be complete and will drive commission-free superannuation for millions of Australians. He added that Australia will likely ... |
| | | | ... option would be option 4 which is an independent body. Option 1 would involve each employer selecting a fund from available MySuper or approved default products, however, it was not one of the Commission's preferred approaches. Of the two options preferred ... |
| | | | MySuper will commoditise the superannuation industry, said Rice Warner Actuaries in their latest fee report that was commissioned by the Financial Services Council. "The initial emphasis of MySuper will be on costs rather than investment performance. ... |
| | | | ... Commission hearing that the continuation of default fund listings in awards is not necessary following the introduction of MySuper. Speaking in Sydney this morning, Financial Services Council (FSC) chief John Brogden said that while the Commission has ... |
| | | | ... regulator expects to consult by the end of 2012 on a range of issues including guidance on disclosure requirements for MySuper, on self-managed super fund (SMSF) reforms and, where appropriate, on governance reforms and SuperStream changes. ASIC said ... |
| | | | ... Clients will expect these cost savings to be passed onto them in lower fees, he said. This change will be reinforced by the MySuper and FOFA reforms that will also put intense pressure on fees, said Himbury. These change forces are already being manifested ... |
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