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Showing 131 - 140 of 1276 results for "MySuper"

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
Rest's core strategy default MySuper investment option, where most of its two million members are invested, delivered a one-year return of 8.67% over the last financial year. This exceeds its long-term average annual return of 8.29% since July 1988. ...

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
... AustralianSuper has unveiled a raft of changes to its investment exposures and fees which came into effect July 1. Across its MySuper, Choice and TTR Income products, the super fund has removed its exposure to listed infrastructure and listed property. ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... Balanced option delivered 10% p.a. "For members under the age of 50 who don't make a choice, we will invest them into a MySuper investment strategy that is equivalent to the ART High Growth option," ART chief investment officer Ian Patrick said. ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... administration fees and expenses (BRAFE) are used for the performance test. In the 12 months to March 2024, APRA used 0.274% for MySuper products, 0.2604% for non-platform TDPs, and 0.505% for platform TDPs. APRA uses trustee data as at August 15 each ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... industry funds after bringing down their administration fees, a new analysis by KPMG shows. KPMG found that admin fees for MySuper products have come down from 0.33% to 0.26% based on a $50,000 balance. With MySuper admin fees continuing to decrease ...

Aware Super hires head of corporate development

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
... coupled with their award-winning investment performance and innovative product offerings including their insurance and MySuper Lifecycle product, make them a compelling market proposition. "I look forward to shaping the industry's conversation around ...

Future Group changes fees for Guild members

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2024
... going from 0.53% to 0.54%, and transaction costs rising to 0.05% from 0.02%. For a member with $50,000 invested in the MySuper Consolidating Lifestage option, they'll now pay $468.40 - $4.40 more per year. The change to administration fees is across ...

AMP launches alternative debt fund

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... Alternative Debt Fund will be a standalone strategy that can be accessed by members of AMP's Super Fund invested in the MySuper or Future Directions options range. The fund will be part of the Diversified Credit sector and will complement AMP's existing ...

Australian Retirement Trust wraps up AvSuper merger

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
... well with confidence," he said. AvSuper started hunting for a merger partner in December 2021, spurred by its default MySuper investment option failing the inaugural Your Future, Your Super performance test in August of that year. "Following discussions ...