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Showing 201 - 210 of 397 results for "MySuper products"

Super figures point to NSW victory

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... reveals New South Wales based super funds are edging out their Queensland opponents 3-2 across five key categories: MySuper products among the top 10 funds in the country Lifecycle products among the top 10 Average fees Default death and TPD insurance ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... concerns to contact AMP directly or their financial adviser," it said. "In 2018, we cut fees on our flagship MySuper products, benefiting approximately 600,000 existing customers as well as new customers, improving member outcomes. In 2019, we also cut ...

Industry funds temper inflows post-Royal Commission

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... returned 7.8%. Overall, total superannuation assets reached $2.8 trillion, up 6.7% in the 12 months to March. MySuper products grew double digits in the last year at 10.8%, hitting $713.3 billion.

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
Six years after the first lifecycle MySuper products hit the shelves, industry superannuation funds have trailed behind the retail sector in terms of adoption. Only five industry funds ditched their single strategy MySuper product for a lifecycle option ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... for up to four years. Currently, superannuation funds with more than five members must disclose dashboards for MySuper products only. ASIC has amended Class Order CO 14/443 to defer choice super product providers' obligations until 1 July 2023. "This ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... there is a suspected contravention of the law and to make exemptions and modifications to the new arrangements. MySuper products, margin lending facilities, securities issued under an employee share scheme and fully-paid ordinary shares are exempt from ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... coverage for permanent incapacity insurance. Frydenberg said standardising terms, definitions and exclusions for MySuper products would see superannuation funds become more competitive on price, benefit level and claims handling experience. "Stakeholders ...

Women-led super funds continue to shine

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... super, the numbers show this has remained steady at 30% since 2016. Rainmaker analysed single strategy, default MySuper products offered by not-for-profit funds totaling about $860 billion in funds under management. The returns are dated 30 June 2018 ...

Poor equities performance sees MySuper suffer

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The average returns for MySuper products dropped to 1.9% in the 12 months to November 2018. This was a fall of a further 1.1 percentage points from the 12-month average return seen at the end of October, analysis from Rainmaker shows. The low returns ...

Superannuation reforms splits opinion: Spot poll

KARREN VERGARA  |  MONDAY, 14 JAN 2019
... the superannuation system. Chief among the Commission's recommendations was the best-in-show shortlist of MySuper products that incited some industry backlash. The Association of Superannuation Funds of Australia chief executive Martin Fahy said ...