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Showing 121 - 130 of 1121 results for %22BT Super MySuper%22

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
The government's Treasury review into the operation of the Your Future, Your Super (YFYS) laws and MySuper performance tests has had a mixed reception. Assistant treasurer and minister for financial services Stephen Jones said the government is ...

Performance test expansion paused as government announces review

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2022
Treasury has halted the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months while conducting a review of the laws. Minister for financial services Stephen Jones announced that the review will commence ...

Median MySuper returns of -2.8% expected

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
Single strategy, default MySuper options are likely to deliver the fourth worst result in 35 years for the financial year just gone. According to the Rainmaker MySuper Index, default MySuper options are expected to see a median return of -2.8% for the ...

Top super funds for ESG revealed

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2022
... These 32 funds have received Rainmaker's inaugural ESG Leader Rating. In all, Rainmaker Information has identified 43 super funds that either identify as ESG super funds in that they are a signatory to an ESG protocol, they offer ESG investment options ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average. Rest's asset-based admin fees, which are capped at $300, have ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... celebrate the 30th birthday of the Superannuation Guarantee, the new financial year brings with it plenty of changes to super. Here's what you need to know. From tomorrow, significant changes to superannuation and its surrounding legislation will ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
A recently released KPMG Super Insights report shows Australia could have at least two super funds with over $1 trillion in assets in the next 20 years. KPMG insights suggest AustralianSuper and the Australian Retirement Trust (ART) will dominate the ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... quarterly superannuation performance statistics show the industry's total assets increased almost 10% over the past year. 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 ...

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... issue for Australians and that homeownership is an important part of retirement. However, while the Liberal party's proposed Super Home Buyer Scheme is an interesting proposal, FPA chief executive Sarah Abood said the devil may be in its detail. Helping ...