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Showing 111 - 120 of 202 results for "MySuper option"

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 ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... announced on Monday that it had recorded positive returns for its balanced option. Despite the COVID-19 crash, this MySuper option has lifted 0.52% for the 2020 financial year. "We have been through an extraordinary health and economic crisis that severely ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... APRA data shows smartMonday's total funds under management sitting at $5.5 billion. About 86% of this is in its MySuper option. "Aon would like to assure its clients that in light of the learnings from this process, it has reviewed and will continue ...