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Showing 101 - 110 of 1275 results for "MySuper"

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... super funds, according to Rainmaker Information. "Regulatory guidance exists for disclosure documents or a fund's MySuper dashboard, but when it comes to how fees are presented on websites, social media and in advertising, there is no consistency. ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... also showed strong performance in retail super, with FUM rising 9.9%, making it the second fastest-growing segment after MySuper. Not for profit (NFP) funds' FUM increased by 9.1%, while small funds, predominantly self-managed super funds, saw growth ...

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... decrease in five-plus years. In July, the super fund introduced several changes to its investment exposures and fees. MySuper, Choice, and TTR Income products divested from listed infrastructure and listed property. As a result, the super fund increased ...

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... billion), and 225 were retirement products ($442 billion). This compares to the more than $1 trillion allocated over the 57 MySuper products in the corresponding period. The average account balance of those in a default option ($69,000) is almost half ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... significantly higher admin fees and costs and whether the products can become more efficient so they can reduce them. APRA said MySuper products have relatively low fees and costs and that those offerings should "serve as a reference point for cost competitive ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... determined members (those with workplace agreements), there are questions about how the judgment could apply to default or MySuper members, depending on the nature of the fund's trust deed, he said.

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... of the choice of fund to help reduce duplicate accounts. Advertising of super products at this stage will be limited to MySuper offerings that have passed the most recent performance test, Treasury said. Finally, the ATO's Small Business Superannuation ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... investment fees and costs for most ready-made investment options from October 1, with total investment fees and costs on the MySuper option to drop from 0.91% to 0.81%. According to Rainmaker Information, the average total investment fees for a retail ...

Rest rebrands with new look

KARREN VERGARA  |  MONDAY, 2 SEP 2024
... closed are: Bonds, Property, Diversified, Shares, Australian Shares, and Overseas Shares. Another change is renaming the MySuper default option from Core Strategy to Growth. "Our refreshed visual brand is aligned to our members, their preferences and ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
All MySuper products passed this year's superannuation performance test with flying colours for the first time, while some trustee directed products (TDPs) need to lift their game, according to APRA. APRA assessed the performance of 57 MySuper products ...