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Showing 141 - 150 of 396 results for "MySuper products"

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... with Australians to be 'stapled' to their super account. Further, from July 2021, APRA will benchmark MySuper products, with products that have underperformed over two consecutive annual tests to be banned from taking on new members until they ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... reviews, in which many super funds are pitting themselves against a narrow field and failing to include all of their MySuper products in the assessment. "Often it wasn't clear to us why certain peer groups for choice products had been selected. Trustees ...

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... territory, recording two consecutive months of gains to August, Rainmaker's latest super performance tables show. MySuper products offered by not-for-profit superannuation funds outperformed their retail counterparts in the year to August by 0.6 ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... superannuation fund is turning its performance around. Mine Super initiated several strategic investment changes to its MySuper products, which are now delivering better performance and member outcomes, according to its investments lead. These included ...

NZ Super Fund posts positive result

ANNABELLE DICKSON  |  THURSDAY, 10 SEP 2020
... Despite delivering single digit returns, the NZ Super Fund managed to outperform the average returns of Australian MySuper products and the Future Fund. The $44.8 billion fund recorded a return of 1.73% for the year ending June 30 underperforming its ...

MySuper products show resilience

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2020
August marked the fifth consecutive month of positive returns for MySuper products since the COVID-19 pandemic hit, recovering 70% of losses, new Rainmaker analysis shows. Last month generated a positive performance of about 1.7% for superannuation ...

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
... asset classes of property and infrastructure has been updated to align with the APRA Information Paper Heatmap - MySuper products"released in November 2019 Finally, from 1 October 2020, information about HESTA's foreign currency hedge strategy for each ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... Royal Commission formed the view that NULIS' decisions in regards to moving certain groups of members into MySuper products, grandfathering certain fee arrangements and the charging of fees to members for services that were not provided may not have ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
... unprecedented volatility, Australian Ethical saw its MySuper Balanced option come in as one of the top three performing MySuper products over the FY20 - and it was also one of only 15 options to finish the financial year in the green. Notably, it's ...