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Showing 151 - 160 of 559 results for "MySuper product"

Two Aussie CIOs on top 100 list

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... dislocation strategies). Its returns in credit reflect the opportunity to buy during the crisis." Statewide's MySuper product returned 6.8% p.a. in the year ending February 28, giving it the 26th spot in return rankings of default products. It is ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
Maurice Blackburn's class action against MLC Nominees and NULIS Nominees has moved to the Federal Court, following a decision late last year. The class action brought by Maurice Blackburn against MLC Nominees and NULIS in January 2020 on behalf ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... underperforming funds prior to implementing the rest of the measures. Arter explained that a Cbus member who had been in its MySuper product for the last 20 years, making the normal 9.5% super contributions would have a balance today of $377,000. "For ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
Australia's largest superannuation fund is taking issue with the proposed stapling regulations, arguing that the model is backwards and will not protect members from being stuck in dud funds. AustralianSuper chief executive Ian Silk shot down media ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... has about $23 billion in total assets and 326,000 members. In the lead up to the merger, Tasplan switched its MySuper product from lifecycle to single-strategy, and both funds raised their insurance premiums. MTAA increased its group insurance premiums ...

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
Fees charged by MySuper products could halve over the next decade to a median of 0.5% per year, says Rainmaker Information which analysed the fees of 457 super products over the last six months. The research found MySuper products charged members median ...

Unlisted assets deliver modest returns

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
New research reveals that MySuper products with high weightings to unlisted assets provide modest returns but contribute lower volatility and higher autocorrelation. Rainmaker's latest RMetric report sought to find out if the performance of MySuper ...

Funds announce chief ahead of merger

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... for our people and our members. The funds said the merger is well underway, with a joint organisation and single MySuper product to take effect from 1 July 2021.

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
The superannuation sector's assets reached a milestone of $3.04 trillion at the end of 2020. While the investments of superannuation funds copped a beating when the pandemic hit around this time last year, APRA's December 2020 statistics shows ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... members of all age) to lifecycle ( where members' asset allocation changes with age) in 2015. Aware packages its MySuper product from three multi-asset options: high growth (only 8.5% in defensive assets, based on current asset allocation, which ...