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Showing 211 - 220 of 568 results for "MySuper product"

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... principal of the foreign exchange program and report the unrealised gains or losses. In addition, if a fund's MySuper product has assets managed by an external fund manager under mandates, the full value of the product needs to be put in the internally ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Consumers Australia referred to this as discrimination against those working limited hours. Suncorp's insurance in its MySuper product was highlighted as one of the most restrictive, requiring a person to be employed for 15 or more hours per week "on ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
The balanced options of the majority of the country's super funds are only just in the red after suffering through an unprecedented period of market volatility. Rainmaker Information executive director of research Alex Dunnin argues they have made ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... investigation of a matter raised by the Royal Commission - the licensee's failure to transfer members to a cheaper MySuper product until just before the deadline. APRA reached the same determination as with CFSIL and has imposed a new condition that ...

Super for women under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... its additional services. Verve offers a single investment strategy, Verve Super Balanced, and does not offer a MySuper product. The fund charges a $1.80 a week administration fee, amounting to $93.60 a year plus 0.79% per annum. The $93.60 fee is waived ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
After COVID-19 put paid to the 2020 return hopes of superannuation funds, research house Rice Warner has questioned whether return targets should be lowered. Rice Warner has questioned whether superannuation return targets should be lowered. As the ...

Industry funds continue risk-adjusted domination

HARRISON WORLEY  |  FRIDAY, 12 JUN 2020
Industry superannuation funds have continued to dominate Rainmaker's league tables for risk-adjusted MySuper returns, despite an ethical retail fund muscling its way into the top 10. Industry super funds took all but one of the top 10 positions ...

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
For a moment, Australia's superannuation system was beyond the magic $3 trillion mark. But, COVID-19 momentarily set the sector back, according to new data. Latest Australian Bureau of Statistics data shows the super sector was smashed to the tune of ...

MySuper goes back-to-back in the black

HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
For the second consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic. Latest Rainmaker research shows the average return for MySuper products in May was 2.1%, which ...