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Showing 141 - 150 of 559 results for "MySuper Product"

Hostplus delivers 21.3% to members

KARREN VERGARA  |  THURSDAY, 15 JUL 2021
... Balanced option achieved 21.82% p.a. Rainmaker research shows that Hostplus retained its title as the best-performing MySuper product in the single strategy category, delivering 24.3% p.a. as at May 2021. Across all MySuper products, some 17.7% on average ...

Retail funds blitz personal-balanced options

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... and MLC were the top performers in this category. Meanwhile, Hostplus retains its title as the best-performing MySuper product in the single strategy category, delivering 24.3% p.a. Cbus ended FY21 with a "remarkable turnaround" compared to the prior ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... removing the ability for superannuation trustees to deduct advice fees (other than for intra-fund advice) from a MySuper product because it is a simple product with basic features. His view was that members who wish to obtain financial advice about their ...

Rest hires from AMP

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
... this year hired a general manager of digital, and a general manager of member insights and strategy. Rest's MySuper product has returned 7.8% p.a. over 10 years to April 2021, putting it at rank 25. It has hired heavily in recent months. To name ...

Hostplus holds on to MySuper top spot

KANIKA SOOD  |  WEDNESDAY, 9 JUN 2021
Hostplus remained the best performing single-strategy MySuper option in the year ending April, as superannuation's rebound continued. The Rainmaker MySuper Index returned 18.7% in the 12 months to April. The month's returns were 70bps lower ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
Superannuation assets hit a record high of $3.127 trillion at the end of the March 2021, new APRA figures show. This is a 15.1% increase year on year, APRA said in releasing the quarterly figures, attributing the growth to strong investment performance. ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... Intrust has about 96,000 members, and 30,000 employers in the hospitality, clubs, tourism and retail sectors. Its MySuper product returned 6.7% p.a. in the three years and 8.29% p.a. in the 10 years ending April 30. Hostplus and Intrust's merger ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume. Speaking at the Financial Services ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
APRA has given IOOF the go-ahead to take over MLC's superannuation business. Yesterday, the regulator approved IOOF's application to hold a controlling stake in NULIS Nominees, the trustee for MLC Super. On 31 August 2020, IOOF entered into an agreement ...

Former Australian Unity adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 29 APR 2021
... reforms were being implemented. ASIC surveillance found Chan advised clients to opt out of transitioning to a MySuper product, claiming the fees associated were higher than those being charged by their existing super fund. As a result, some members chose ...