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Showing 111 - 120 of 204 results for "MySuper option"

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
The $140 billion superannuation fund is changing its MySuper lifecycle option from two stages to 11. About 85% of Aware Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... number of employees was slashed from 3900 people to just 1300 at the time. At the end of FY20, Toyota Super's MySuper option returned -0.80% per annum; over five and 10 years it generated 5.2% p.a. and 7.3% p.a. respectively. The product has been ...

Cbus appoints three investment heads

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
... retirement savings of our members," Cbus chief investment officer Kristian Fok said. Cbus has the fifth best-performing MySuper option as at November end, with 4.2% p.a. returns. It was outstripped by Australian Ethical Super's default fund (6.1%p.a.) ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
After four years of offering its MySuper option as a lifecycle product, Tasplan plans to switch back to single strategy citing higher costs among the reasons. The $11.5 billion superannuation fund is set for a merger with the $12.6 billion MTAA Super ...

Perpetual axes geared investment options

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... Guarantee option had one-year returns of -0.39% and five-year returns of -0.11%. Perpetual also recently terminated its MySuper option due to underperformance, with members transferred to CareSuper.

Perpetual successor fund transfer to go ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... transfer should see about 7500 accounts and $207 million added to CareSuper. Just a few months ago, in March 2020, the MySuper option had $220 million in it. CareSuper, which has more than $16 billion in funds under management, was selected by Perpetual ...

Industry fund hikes premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... soon see their insurance premiums rise by as much as 43% from October. From October 1, members of Intrust Super's MySuper option will pay more for both life cover and life and TPD cover. For those members that hold both life and TPD protection, the cost ...

Industry funds triumph July performance

ANNABELLE DICKSON  |  WEDNESDAY, 2 SEP 2020
... three years, returning 7.1% followed by AustralianSuper at 6.8%. In the personal category over five years Cbus' MySuper option came in equal first with AustralianSuper at 6.7%, followed by UniSuper at 6.6%. The funds didn't fare as well over the past ...

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
Default MySuper products delivered negative returns in the 2019/2020 financial year, but the results weren't as bad as they could have been. According to the Rainmaker MySuper investment performance index, MySuper products delivered an average return ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
New research from Right Lane has suggested that Australian super funds could tip into negative cash flows due to COVID-19 and the early release of super program. Right Lane predicts that 54 of 90 super funds could be in negative cash flows by the end ...