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Showing 101 - 110 of 400 results for "MySuper products"

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... returns must be taken into consideration. The results of the YFYS test, released yesterday, saw 13 out of 76 MySuper products fail. The failing funds were AMG MySuper, ASGARD Employee MySuper, Australian Catholic Superannuation and Retirement Fund's ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... as a good first step in improving transparency for members but urged for greater focus on poor performing, non-MySuper products. This would "ensure that every Australian could get transparency on where their super fund sits compared to others", she said. ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... firm estimates. The latest fee cut comes as the CFS FirstChoice Superannuation Trust is named as one of the 13 MySuper products that failed the inaugural Your Future, Your Super performance test. "Despite the strength of our recent investment performance ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This represents a pass rate of 84%. The full list of failing funds is: AMG MySuper, ASGARD ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... Colonial First State FirstChoice Superannuation Trust (14bps imporvement each) and AMG Super (10bps). Funds whose MySuper products will see less than 10bps improvement are Toyota Super (9bps), BT Super and AFLPA & AFL Industry MySuper from AMP (8bps ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... up 17.2% from previous years, according to June-end superannuation statistics released by APRA on August 24. MySuper products stood at $903 billion, an increase of 22.5% from June 2020. Self-managed superannuation assets totaled $822 billion, up 10.8% ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... opens a similar but new product to get around the performance test. It also wants funds that have had multiple MySuper products to use actual returns versus blended returns of the products, clearly identifying the current product's predecessors. ...

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... strategy top performer Hostplus didn't even make the top five for any age cohort except the 60-year-olds. Retail MySuper products outperformed industry fund equivalents by 3.8% points during the period. ESG options fell behind non-ESG equivalents by ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... under the new Your Future, Your Super reforms, according to an APRA letter sent Friday. The first round covers MySuper products alone. Trustee-directed products will face the test from July 2022. In the July 30 letter, APRA said ahead of undertaking ...

Hostplus delivers 21.3% to members

KARREN VERGARA  |  THURSDAY, 15 JUL 2021
... best-performing MySuper product in the single strategy category, delivering 24.3% p.a. as at May 2021. Across all MySuper products, some 17.7% on average was achieved in the year to May 2021, underpinned by high performance in equities and property ...