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Showing 191 - 200 of 387 results for "Retail super"

Super switches estimated at $35 billion

DARREN SNYDER  |  THURSDAY, 7 JAN 2016
... advisers played a bigger role for those switching to a retail fund, advising 42%. A quarter of respondents moving to retail super funds still didn't receive any advice. For those establishing a self-managed super fund (SMSF), more than 75% sought professional ...

MYEFO writes down billions in super fund taxes

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
... said. "The re-introduction of a revamped infrastructure bond program which provided a means through which SMSF and retail super funds could invest directly into substantial infrastructure, would be another measure worthy of greater analysis. "Currently ...

Retail funds risk member exodus

LAURA MILLAN  |  THURSDAY, 10 DEC 2015
... likely to move to another fund regulated by the Australian Prudential Regulation Authority (APRA) account for 25.6% of retail super fund members, according to CoreData's 2015 'Member retention report'. A further 21.8% are likely or very likely to switch ...

Retail super members gouged by $7.1bn: ISA

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
Industry Super Australia (ISA) estimates that in the past decade bank-owned super fund members have been gouged by about $7.1 billion for above market fees to in-house suppliers. The estimate was released hours before the Senate will hold its final ...

Court fines SMSF admin for "free setup" ads

ALEX BURKE  |  WEDNESDAY, 4 NOV 2015
... Advisory Group for "misleading claims" on its website pertaining to the performance of SMSFs relative to industry and retail super funds. The advice firm complied with the two $10,200 penalties.

TWU attacks retail super funds over board governance

DARREN SNYDER  |  THURSDAY, 22 OCT 2015
The Transport Workers' Union (TWU) is calling on the federal government to abolish retail superannuation funds instead of bringing in changes which will "damage the high-performing industry super system." In a scathing statement about the debate on ...

Retail funds recommending advice fee rates

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
While retail super funds post-FOFA have unbundled their embedded advice commissions, half still recommend an average 0.55% in ongoing advice service fees, the annual super fee survey from Rainmaker reveals. As a result of the compulsory adoption of ...

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
... members, potentially leading to more conflicts of interests on super fund boards." But speaking on behalf of its retail super fund members the Financial Services Council (FSC) welcomed the reforms:A "They are sensible consumer protections which exist ...

MySuper impacts AMP investment revenue

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
... interest (27% compared to 33% overall) but are higher in infrastructure and property, especially unlisted property. Retail super funds are higher in listed equities. Contributions to funds with more than four members over the June 2015 quarter were $30.2 ...

Retail funds get behind campaign to lower fees

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
Retail superannuation funds have entered industry fund territory and admitted that high super fees need to be lowered. The Financial Services Council (FSC), which represents the retail side of the superannuation industry, has stated that "superannuation ...