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Showing 131 - 140 of 331 results for "Underperformance"

MySuper performance recovers, hits record high

KARREN VERGARA  |  MONDAY, 11 JAN 2021
Default superannuation funds have fully recovered from COVID-induced losses, yet underperformance within the asset classes remains rife, according to new Rainmaker data. Rainmaker's November 2020 MySuper index has reached a record high, bouncing ...

Arowana winds up LIC

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
... Arowana Contrarian Value Fund (CVF) is in the process of winding up and delisting from the ASX after a period of underperformance. The listed investment vehicle flagged in April 2020 that it was "engaging in a detailed strategic review" because of the ...

Prioritise underperformance over stapling: AIST

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... The Australian Institute of Superannuation Trustees says the new Your Future, Your Super laws should prioritise underperformance ahead of stapling as existing members stuck in dud funds will be worse off. In its submission to the draft legislation, AIST ...

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... superannuation funds over the governments' new super fund performance benchmarks, Rainmaker research shows there is an underperformance challenge that needs to be confronted. The Rainmaker 2020 Superannuation Benchmarking Report found that across ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... package of reforms, which was unveiled in the 2020-21 budget, has four main components that will introduce an underperformance test, stapling, a comparison tool, as well as accountability and transparency obligations that will put trustee spending under ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... general manager of superannuation Melinda Howes told the committee "we do acknowledge that we have had a period of underperformance in the past". Leigh asked Howes if the super fund provider was "worried" about moving to a regime that was assessed on ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... Association Investor Conference that the federal government's package of new reforms will stamp out widespread underperformance, complex arrangements and lack of transparency that have gone on for far too long. Similar to an ASX-listed company, super ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... underperforming funds. Outlining its view of the reforms, AIST pointed out the need for all members to be protected from underperformance, not just new members. Under the reforms, underperforming funds would be barred from accepting new members until ...

New super benchmarking flawed: Rice Warner

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
... the recommendations by the Productivity Commission (PC) poses some issues in effectively cracking down on fund underperformance. "One of the proposed changes is to monitor the investment performance of superannuation funds relative to benchmarks based ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... authorisation will be revoked. Federal Treasurer Josh Frydenberg unveiled the government's version of testing underperformance as part of the Your Future, Your Super reforms on budget night. Among the criteria, super funds that fail the annual APRA-administered ...