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Showing 101 - 110 of 387 results for "Retail super"

Retail fund swaps out K2

KANIKA SOOD  |  MONDAY, 25 NOV 2019
A $47 billion retail superannuation fund has dropped a K2 Asset Management Aussie equities fund for another manager's offering. The K2 Australian Absolute Return Fund managed $46.8 million on behalf of AMP Superannuation Trust and other AMP clients ...

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
Australians should not be able to be defaulted into or even be able to choose to enter an underperforming superannuation fund, according to AustralianSuper chief executive Ian Silk. Appearing before the House of Representatives Standing Committee on ...

Retail fund renews insurer, cuts premiums

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
A retail superannuation fund has reappointed OnePath as its insurer, and is trimming premiums by about 20%. Virgin Money Super has renewed OnePath Life for three years starting December 1. The mandate is for death, total and permanent disablement (TPD) ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
New insights from Rice Warner questions whether superannuation investment menus are really appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... financial trouble. Over $700,000 was illegally withdrawn after each individual's super balance was rolled over from a retail super fund to the Tot Form Super Fund. Nguyen kept a significant portion of the funds, telling the victims that the money was ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... SMSFs with a balance below $500,000 produce lower returns - on average, after expenses and tax - than industry and retail super funds. Earlier, the PC's draft report said it appeared SMSFs with less than $1 million in assets were incurring higher ...

Industry super satisfaction continues

HARRISON WORLEY  |  MONDAY, 16 SEP 2019
... reporting satisfaction with their fund's financial performance, up 1.1% points across the period. Comparatively, retail super funds continue to be weighed down by the year of negative publicity following the Royal Commission, with just 57.4% of retail ...

Members shift to industry super funds

KARREN VERGARA  |  THURSDAY, 29 AUG 2019
... of the retail fund sector regaining its market share. Sunsuper outgoing chief executive Scott Hartley said major retail super funds are in the processes of restructuring and are currently "on the operating table" - but can somehow recover. Retail super ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... to gain from an increase in super contributions. "The truth is that in this game, whether it's industry super, retail super, any super, they and their associations are not good sources of independent advice because they seek to reap the rewards of ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
The amount of premiums group insurers charge have outweighed benefit payments by a whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers ...