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Showing 121 - 130 of 1135 results for "MySuper"

Top super funds for ESG revealed

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2022
... pool of almost 120 eligible super funds. Rainmaker has also identified the top performing ESG super funds, by five-year MySuper returns. Aware Super comes in first with an 11.38% return, with Active Super in second place with 10.10%. This is followed ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... services to our members." Using data from last financial year, Rainmaker Information estimates the average fees for default MySuper products sits at 1%. Since 2011 and 2021, super fund fees dropped by a quarter, with about half of the reductions seen ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... after-tax. For institutions, July 1 sees the expansion of the annual investment performance test that was first applied to MySuper products in 2021. The test, introduced under the Your Future, Your Super reforms, has been extended to trustee-directed ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... of persons who were not holding the product before that day will need to be returned." "APRA expects RSE licensees of MySuper products that failed last year's performance test to be engaging closely with their employer-sponsors, promotors, and other ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
... and disclosed its view on the sustainability of several funds in the sector. Out of 78 funds APRA found 38 funds (both MySuper and Choice Funds) were sub-scale with declining sustainability metrics. More than half of small funds under $10 billion in ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... Super assets totalled $3.4 trillion at the end of March 2022, a 9.7% increase from the year prior. The total assets in MySuper products now sit at $927.9 billion as at the end of March 2022, which represents a 2.3% quarterly decrease but an annual increase ...

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... 10 years to the end of 2021, the ABS eight city house index increased only 6% pa, but in savage contrast, the Rainmaker MySuper index climbed 50% faster. Over this 10-year period, an investment in the ASX would also have performed better than housing ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... The fund is reducing investment fees and costs across almost all its options. For example, the investment fees for its MySuper fees will drop by 27.5%. The largest decrease will be seen on its Australian shares with a reduction of 39.13% while the Stable ...

NGS to reduce emissions 35% in three years

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2022
... interests of members," Squires said. The fund has conducted a baseline measurement of the carbon intensity in the Diversified (MySuper) investment option in which more than 70% of the membership is invested and has conducted scenario analysis to plan ...

GuildSuper overhauls MyMix option

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
... within its MyMix product. Members will then be able to select from growth, balanced and secure options, in addition to the MySuper Lifestage option, the fund said. Members who don't select a new option will automatically be transferred to another, similar ...