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Search ResultsShowing 1 - 10 of 100+ results for "MySuper"
Hundreds of billions ripped from super
HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... during the quarter, according to the ABS. However, super fund members received good news this week when Rainmaker revealed MySuper options posted their second consecutive month of positive figures in May , as markets set about reclaiming the ground lost ...
MySuper goes back-to-back in the black
HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
For the second consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic. Latest Rainmaker research shows the average return for MySuper products in May was 2.1%, which ...
Asgard, Future Super shamed on ERS
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Asgard super is for platform customers, it is more difficult to sell down investments for early release than it is for MySuper products and the like. "For certain types of products, when a member seeks to withdraw their funds from their super account ...
APRA pushes for super fund consolidation
JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
... amend trust deeds in relation to mergers, rather than abandon the idea completely. However, transfers of members between MySuper produces will, in almost all cases, satisfy the equivalency test given MySuper products are legally required to have the ...
Super escapes COVID-19 hit
HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... markets were sent into meltdown in response to the pandemic. This however compares to an 11% fall in the SelectingSuper MySuper and Default performance index over the same period. Barely inches from touching the $3 trillion mark in December, the super ...
Australia only needs 15 super funds: Consultant
HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... Right lane's arguments seem fair enough and are hard to argue against, though pointed out the firm appeared to focus on MySuper, thus tilting it toward not-for-profit funds. "It's hard to have a serious debate about efficiency in the superannuation ...
Year-long delay for super merger
KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... Putting Members Interests First (PMIF) legislation. Earlier this month, Perpetual delayed a successor fund transfer of its MySuper product to CareSuper citing market uncertainty and volatility from COVID-19. It did not provide a new date at the time. ...
Ignorance isn't bliss in super: Research
ALLY SELBY  |  MONDAY, 25 MAY 2020
... one-size-fits-many approaches to investing that might look sensible on average, but in the real world, nobody is average. "While MySuper has helped nudge people into higher growth default options, the contributions of a 25-year-old entering the workforce ...
MySuper bounces back
HARRISON WORLEY  |  TUESDAY, 5 MAY 2020
... fallout from the COVID-19 pandemic has demolished the return expectations of investors for the year, new analysis shows MySuper products have managed to turn things around. Latest Rainmaker research shows MySuper products offered by not-for-profit funds ...
Super fund delays successor fund transfer
KANIKA SOOD  |  TUESDAY, 5 MAY 2020
A retail superannuation fund has postponed its MySuper transition to a $16.5 billion industry fund citing market uncertainty and volatility arising from COVID-19. Perpetual's MySuper product was to transition to CareSuper effective around May 1 ...
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