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

Search Results

Showing 111 - 120 of 826 results for %22MySuper Product of%22

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... collar and professional. AvSuper said the increases are necessary to continue providing the same level of cover. AvSuper's MySuper option was one of the 13 products to fail the inaugural performance test last year. Following that, the fund introduced ...

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
... performance test is going to halve its percentage-based administration fee, a move expected to cement it as one of the cheapest MySuper products on offer. AMG Super will reduce the percentage-based component of the admin fee charged to members in its ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... early release of super scheme withdrawals as well as growth in total contributions. Most APRA-regulated assets comprised MySuper products of $950.1 billion, which recorded the highest year-on-year growth rate of 18%. Self-managed super funds hit $876.7 ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... investment fees though, at least not immediately. Upon merging, a Media Super member with a $50,000 balance invested in the MySuper option will pay $15 more a year, with annual fees and costs rising from $439 to $454. "Competitive fees and strong long-term ...

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
... to APRA, across all superannuation product and investment options; currently, it only publishes product-level data for MySuper products. Now, APRA wants to begin publishing that enhanced data collection and, in a new discussion paper, has outlined what ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... view to developing new requirements to apply from 2023 in the event of cancellation of an authority to offer a MySuper product, it said. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) and associated guidance will also be ...

The future is bright for BT: Rady

JAMIE WILLIAMSON  |  FRIDAY, 28 JAN 2022
... all options are certainly on the table in terms of how we consider the platform and super business." BT saw two of its MySuper products underperform the inaugural APRA performance test last year. As first reported by Financial Standard, the company then ...

AMP hires new head of portfolio management

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JAN 2022
... at AMP is responsible for investment management for institutional clients and AMP's superannuation funds, including its MySuper Lifecycle options. Eliot joins from Pendal, where he was senior portfolio manager in multi-asset investments. Previous head ...

YFYS could dampen ESG adoption: Research

KARREN VERGARA  |  MONDAY, 17 JAN 2022
... 0.5 percentage points per year over an eight-year period will be classified as underperforming. APRA released the first MySuper performance tests results in August. Thirteen products with $56 billion of assets failed the inaugural test. Next year, APRA ...

Cbus to launch new investment options

ELIZABETH MCARTHUR  |  FRIDAY, 14 JAN 2022
... options with the possibility of future mergers in mind, as well as corporate superannuation markets. "Our default Growth MySuper option is a top quartile product, and we continue to view it as a superior product designed to suit most members," Fok said. ...