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Showing 141 - 150 of 207 results for "MySuper option"

Industry fund revamps MySuper offering

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise. EISS Super is switching its MySuper options from a "conservative balanced" portfolio to a "balanced ...

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... he was found to have stopped 331 Aon Master Trust default superannuation members from switching to the cheaper MySuper option. Thanh Huu Tran has been banned for two years as a result of the misconduct. He was an authorised representative of Aon Hewitt ...

Industry fund implements fee changes

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2019
A $16 billion industry superannuation fund has made a raft of changes to the fees paid by its members. Effective this month, Equipsuper has removed its weekly $1 administration fee for accumulation members with a balance of less than $3000. At the same ...

Australia's best risk-adjusted MySuper option revealed

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
Hostplus has the best three-year returns in default superannuation products but if risk measures are taken into account, another industry fund takes the top spot, according to new Rainmaker research. HESTA emerged as Australia's best risk-adjusted ...

Super fund cuts fees

HARRISON WORLEY  |  TUESDAY, 1 OCT 2019
... long-term benefits for members, and pointed out the PDS example of total costs for a $50,000 investment in its MySuper option has dropped by 22.6% since February. Energy Super chief executive Robyn Petrou said the fee cut was possible because the fund ...

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... outperformance has drawn the ire of some that are being unfairly compared. Maritime Super was prompted to defend its MySuper option after it was named the "weakest performer" in an AFR article, bottoming the league table at 4.3% per annum, while rival ...

Hostplus enters merger talks

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... to March 2019, which is slightly lower than the MySuper average of 8.4%, according to Rainmaker. Hostplus' MySuper option was the best performing over the period, returning 10.6%. Club Super is based in Queensland and caters to community clubs incorporating ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
Colonial First State is removing nine funds from its FirstChoice Investments menu following weak investor appetite. The removed funds include Acadian Global Managed Volatility Equity, Franklin Templeton MultiSector Bond, Milliman Managed Risk Australian ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
Colonial First State has trimmed its platforms fees, in a move it says will save $68 million in annual fees for 500,000 members. The fee reductions apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
MLC is switching its default superannuation product from single strategy to lifestage. It's also increasing its allocation to growth assets. MLC MySuper currently has a 70% allocation to growth assets like stocks, property and infrastructure and ...