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Showing 231 - 240 of 398 results for "MySuper products"

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... Royal Commission hearing, contributing to what Colonial First State admits was a lengthy transition of members to MySuper products. CFS executive general manager Linda Elkins blamed the limitation of CBA's systems and lack of operational capacity ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... executive general manager Linda Elkins told the Commission CFS initially failed to transition 13,000 members into MySuper products during the 2014 switch - a breach it reported to APRA. Over the next three-and-a-half years, as CFS executives worked with ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... affected not-for-profit funds (NFP). Breaking it down by segment, retail funds on average charge lower fees in MySuper products than NFP funds. Retail fund products charged twice as much administration fees than NFP products, but this is offset by the ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... highlight conflicts of interest in MLC's MySuper product. The fund was performing in the bottom quarter of peer MySuper products, returning about 1.9% in 2016. Yet the management and the board had been failing to work together to set aside a budget ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ...

Super fund shortlist practically advice: IOOF

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... advice. IOOF also said a shortlist of 10 funds is impractical in the current climate and is likely to exclude many MySuper products catering to particular employer groups and states. Instead, a list of 40 super funds should be used in the medium term ...

MySuper approaches $650 billion

DARREN SNYDER  |  TUESDAY, 26 JUN 2018
... Recently the Productivity Commission said about 1.7 million member accounts and $62 billion in assets were in MySuper products that underperformed conservative benchmarks over the 10 years to 2017. If these members instead received the median return ...

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
... default MySuper product which would have resulted in $162, 504. SMSFs have historically returned lower than default MySuper products but the performance gap has widened in the last year. SMSFs underperformed default MySuper products by 1.2% over the ...

Super State of Origin: Who wins?

DARREN SNYDER  |  WEDNESDAY, 6 JUN 2018
... performance, Rainmaker's latest superannuation analysis shows. Over one, three and five years, more Queensland-based MySuper products have landed in the top 10 performers nationally than New South Wales-based counterparts (see Table 1). The Blues ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... both the default and choice super segments. "About 1.7 million member accounts and $62 billion in assets are in MySuper products that underperformed conservative benchmarks over the 10 years to 2017," the report said. "This suggests that many members ...