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Showing 1 - 10 of 34 results for %22AMG MySuper%22

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... for just 10% of its total portfolio. "We are working closely with Equity Trustees to ensure members invested in the AMG MySuper option receive the best outcome following the termination of the option," it added.

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... are held in other products. Meantime, of the 64 MySuper products examined, only one product failed the test this year, being AMG Super. This marks the third consecutive year it has failed, leading it to exit MySuper. All trustees must now write to the ...

New chief executive for retail super fund, platform

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... and platform provider has named its new chief executive as the incumbent retires after 12 years. Acclaim Wealth, formerly AMG Super, promoted Terry Constable as the new chief effective October 1. Constable joined the organisation in May 2013 as a senior ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper, Commonwealth Essential Super and AMG MySuper. "MySuper options are supposed to be the low-cost, simple default products that we put people into to protect them and ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper, Commonwealth Essential Super and AMG MySuper received a significantly poor performance rating. Many of these products also failed the performance test earlier this ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
The superannuation offering of an ASX-listed fintech will merge with AMG Super later this month following a ruling by its trustee. Raiz Invest Super, the super solution offered by micro investing platform Raiz, will become a division of AMG Super on ...

AMG Super to rebrand

JAMIE WILLIAMSON  |  MONDAY, 19 SEP 2022
AMG Super is going to roll out a new look as it expands its offering to include an investment portfolio service. Just last month, AMG Super's MySuper product was closed to new members. While it did fail the Your Future, Your Super performance test ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... year are Australian Catholic Superannuation and Retirement Fund's LifetimeOne, EISS Super's MySuper - Balanced and AMG Super. All but AMG Super have already made moves to merge with other funds. ACSRF is currently undertaking a merger with UniSuper ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... Hannover Life RE which is due to exit the market this year. AIA has taken over several of Hannover's mandates, including that of AMG Super. Under the new arrangement, which is effective April 1, AvSuper members will pay more for their death and TPD cover ...

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
... Rainmaker analysis suggests AMG will have one of the lowest cost MySuper products in Australia, with total fees charged by AMG MySuper to come in at 0.47% per annum. The current industry average is about 1%, according to Rainmaker. The move comes as ...
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