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Showing 191 - 200 of 560 results for "MySuper Product"

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
The prudential regulator has lambasted superannuation funds for not taking underperformance seriously and failing to compare themselves accurately against their peers. APRA deputy chair Helen Rowell said that many superannuation funds are overlooking ...

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... according to Rainmaker's index: 2.1% versus 1.7%. The research house named Vision Super as the top-performing MySuper product based on a single strategy. Its Super Saver balanced growth option returned 4.1% in the 12 months to August. BUSSQ (3.8%) ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
After underperforming its peers and receiving a red rating from the regulator, an $11 billion superannuation fund is turning its performance around. Mine Super initiated several strategic investment changes to its MySuper products, which are now delivering ...

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
A $52 billion super fund has updated its product disclosure statements to exclude investment in any company that provides services to detention centres. HESTA said the change is part of its responsible investment approach and will come into effect 1 ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
APRA has issued directions and imposed new licence conditions on NULIS Nominees to improve its governance and controls to ensure members' best interests. The directions and additional licence conditions require NULIS to record how it considers members' ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
Australian Ethical has seen almost 10,000 new members invest in its super and managed funds offerings in the past financial year, while institutional players - including other super funds - have also been knocking at the door. "We are fielding calls ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
Contributions to superannuation in the June quarter were mildly greater than the amount removed due to the government's early release scheme, according to the latest figures published by APRA. Contributions in the June 2020 quarter were $33.6 billion ...

New platform launches for super funds

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... increasingly vocal super stakeholders including members, politicians and regulators, with APRA's controversial MySuper Product Heatmap a prime example. "APRA is using the Heatmap to highlight funds that they believe are either delivering poor net-of-tax ...