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Showing 131 - 140 of 559 results for "MySuper product"

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... Super's MySuper, BT Super MySuper and lastly, the Victorian Independent Schools Superannuation Fund's MySuper product. Some failing funds have already moved to improve member outcomes. Four funds have already announced firm or planned mergers ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
Retail superannuation funds from AMP, Australian Ethical and Russell Investments will be among the biggest beneficiaries of the last-minute change to administration fee treatment in YFYS performance tests, says Industry Super Australia. The new performance ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... Catholic education, healthcare, aged care and welfare. Its total assets were $9.5 billion. By performance, NGS's MySuper product has three-year returns of 7.6% p.a. (rank 41) and one 10-year returns of 7.9% p.a. (rank 35), to June end. This is lower ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
Australia's total superannuation assets ended June 2021 with $3.3 trillion, 14.7% higher than a year ago. Of this, $2.26 trillion are APRA-regulated, up 17.2% from previous years, according to June-end superannuation statistics released by APRA ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
APRA has issued guidance on how it will administer the Your Future, Your Super performance test for lifecycle MySuper options that make changes within the option or transition to a new option. The regulator has the power to make determinations on combining ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
The Financial Services Council is consulting on solutions for group insurance cover for members working in hazardous occupations after stapling. FSC said if a MySuper product's default life insurance cover has occupations-based exclusions, a member ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... aligned to us. I think there's a real opportunity for us and I see that as really positive growth." AMP's MySuper product delivered 20% in the last 12 months. She flagged that AMP Australia chief executive Scott Hartley, who has been in the role ...

Active Super rejigs MySuper

KANIKA SOOD  |  MONDAY, 9 AUG 2021
Active Super has changed the structure of its lifecycle MySuper product to derisk members slower than before, while also renaming two Choice options. Active Super's lifecyle MySuper product currently divides members into four stages: High Growth ...

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information. Rainmaker's Lifecycle Index beat its Single Strategy MySuper ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... subject to the YFYS performance test despite Labor's push to do so. This will be followed by the third annual MySuper Product Heatmap in December.