Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 211 - 220 of 8001 results for "Average"

AustralianSuper's MySuper option returns 9.5%

KARREN VERGARA  |  MONDAY, 7 JUL 2025
... years for the fund, delivering returns of 10% p.a. and 12% p.a. respectively. AustralianSuper's default option achieved an average return of 8.7% p.a. over three years, 8.5% p.a. over five years and 7.9% p.a. for 10 years. Meanwhile, in the last financial ...

Cbus, Rest deliver 'strong' returns amid heightened volatility

MATTHEW WAI  |  FRIDAY, 4 JUL 2025
... the top five performing super funds over 10-, 15- and 20-year periods, the fund said. Its default option has achieved an average annual return over 10 years of 7.75%. "As the events of FY25 have demonstrated, in your accumulation phase it's about 'time ...

Vanguard, CFS deliver strong FY25 returns

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
The two retail superannuation funds delivered strong returns for members, but it was the low-cost, indexed-based strategy that outmuscled the other. Vanguard Super returned 13.5% p.a. for 2025 financial year for members aged 47 and under. Since its ...

HESTA returns 10.18% to members

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
HESTA's MySuper Balanced Growth option has delivered 10.18% for the 2024/25 financial year, with the fund crediting the performance of listed equities and prudent management of market volatility for the result. The outcome represents the third consecutive ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... administration fees made possible by economies of scale. Fourteen funds with assets under management (AUM) over $50 billion have an average cost per member of $217. For 14 funds between $10 billion and $50 billion, it was $375 per member. Excluding SMSFs ...

Average super balance grows to $172k: ATO

KARREN VERGARA  |  MONDAY, 30 JUN 2025
The average superannuation balance grew 5% to $172,000 at the end of the 2023 financial year, new statistics from the Australian Taxation Office reveal. Women had an average super balance of $154,641, while men had $192,119. The median was $54,349 and ...

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... products the superannuation sector has on offer. The data reveals that retirement products have a balance of $362,000 on average from a total of 1.4 million member accounts. This trumps the average balances of MySuper, Choice accumulation and Choice ...

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
... surpassing the previous high of $5 billion paid out in 2022-23. Rainmaker also found that superannuation funds now offer average standard death and total and permanent disability (TPD) cover up to $225,000 for young members, dropping to $64,000 for pre-retirees. ...

ESSSuper, UniSuper spearhead member satisfaction

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... satisfaction rose from 66% to 68%, with retail funds closing the gap, though industry fund members remained more satisfied on average, the analysis found. "These results confirm that service-led strategies are paying off. Funds that prioritise clear ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... members will also see changes to death, TPD and income protection premium rates comes July 1. For Category A staff, on average, there will be an increase in premiums, while Category B and Category C staff, on average, will see a decrease in premiums. ...