Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 1259 results for "MySuper"

AMP MySuper options power past double-digit returns

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
AMP's MySuper 1970s investment option, its largest by funds under management, had a return of 11.4% for FY24. Meanwhile, the retail super fund's 1980s and 1990s investment options returned 11.31%, respectively. AMP said a high allocation to ...

Aware Super delivers 11.02% to default members

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... proven robust and, indeed, returns have also been strong across other asset classes," Graham said. "Older members with our MySuper product also take great comfort from the lifecycle approach, knowing the risk in their investments is pared back as they ...

Colonial First State reports strong super returns

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
Colonial First State (CFS) has posted double digit returns for its MySuper balanced and growth funds during FY24. CFS's FirstChoice Employer Super balanced fund (MySuper Lifestage 1965-69) achieved a 12.1% return, while its FirstChoice Employer Super ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
Rest's core strategy default MySuper investment option, where most of its two million members are invested, delivered a one-year return of 8.67% over the last financial year. This exceeds its long-term average annual return of 8.29% since July 1988. ...

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
... AustralianSuper has unveiled a raft of changes to its investment exposures and fees which came into effect July 1. Across its MySuper, Choice and TTR Income products, the super fund has removed its exposure to listed infrastructure and listed property. ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... Balanced option delivered 10% p.a. "For members under the age of 50 who don't make a choice, we will invest them into a MySuper investment strategy that is equivalent to the ART High Growth option," ART chief investment officer Ian Patrick said. ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... administration fees and expenses (BRAFE) are used for the performance test. In the 12 months to March 2024, APRA used 0.274% for MySuper products, 0.2604% for non-platform TDPs, and 0.505% for platform TDPs. APRA uses trustee data as at August 15 each ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... industry funds after bringing down their administration fees, a new analysis by KPMG shows. KPMG found that admin fees for MySuper products have come down from 0.33% to 0.26% based on a $50,000 balance. With MySuper admin fees continuing to decrease ...

Aware Super hires head of corporate development

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
... coupled with their award-winning investment performance and innovative product offerings including their insurance and MySuper Lifecycle product, make them a compelling market proposition. "I look forward to shaping the industry's conversation around ...