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Showing 251 - 260 of 560 results for "MySuper product"

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... CFS' failure to transition $3.2 billion of accrued default amounts over to the lower-cost, higher-performing MySuper product in a timely way in the best interests of members. "The contraventions at the heart of this case resulted in members in FirstChoice ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
As APRA raises the bar for the superannuation sector, trustees are readying themselves for discomfort. But the prudential regulator believes the pain is necessary for improving member outcomes. Addressing the Australian Institute of Superannuation Trustees ...

Australia's best risk-adjusted MySuper option revealed

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
... fund takes the top spot, according to new Rainmaker research. HESTA emerged as Australia's best risk-adjusted MySuper product over a three year period to June end. Overall, the best-performing MySuper options also proved to be the good at managing ...

MySuper not the only problem: AIST

HARRISON WORLEY  |  THURSDAY, 26 SEP 2019
The Australian Institute of Superannuation Trustees has hit back at newly launched consumer group Super Consumers Australia after it unleashed an attack on MySuper products yesterday. AIST chief executive Eva Scheerlinck moved to play down the significance ...

Super Consumers Australia launches, slams MySuper products

KRISTI CHENG  |  WEDNESDAY, 25 SEP 2019
New consumer group Super Consumers Australia has marked its launch with a swipe at MySuper products and the superannuation lobby. The consumer group said its research shows the superannuation system "put over 170,000 people into a poor performing super ...

Lifecycle strategies now mainstream: Research

KANIKA SOOD  |  WEDNESDAY, 18 SEP 2019
Lifecycle strategies hold 40% of MySuper's total $756 billion of assets and are becoming mainstream for superannuation funds, according to new Rainmaker research. Lifecycle MySuper total assets grew 21% in the year to June end, to hit $299 billion. ...

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
... Employer lifestage (1970-1974) has returned 9.7% over three years to June end, compared to the median workplace MySuper product's 8.9% return for the period, according to Rainmaker data. Commonwealth Bank's annual results announced last week showed that ...

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... Maritime chief executive Peter Robertson panned the comparison, saying it fails to acknowledge the fact that the MySuper product minimises volatile returns for a large cohort of members who are close to retirement. Adopting a conservative approach, Robertson ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... death cover, down to 77% for industry fund members and 75% for retail fund members. "This translates into 76% of MySuper product members having death cover through their fund. The higher corporate fund up-take is most likely due to insurance sometimes ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... guidance by the end of September. Elsewhere, APRA has updated the form and instruction guide for applicants for MySuper product authorisation. The new form includes new covenants that require RSEs to undertake annual outcomes assessments particularly ...