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

Search Results

Showing 251 - 260 of 397 results for "MySuper products"

ASIC brings in disclosure expert to review RG97

ALEX BURKE  |  WEDNESDAY, 29 NOV 2017
... costs in many areas. When we reviewed it, the average increase in disclosed costs was about 23 basis points for MySuper products," he said. Fitzpatrick warned platforms will not be exempt from the reforms.

Superannuation savings reach $2.5 trillion

EMMA RAPAPORT  |  FRIDAY, 24 NOV 2017
... (around USD$1.2 trillion) or the total market capitalisation of all the stocks listed on the ASX. Total assets in MySuper products also increased significantly, up 24% to $610.2 billion. The self-managed superannuation fund sector also recorded an increase ...

ASIC reviews RG97 impact

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
... costs in many areas. When we reviewed it, the average increase in disclosed costs was about 23 basis points for MySuper products," he said. Fitzpatrick warned platforms will not be exempt from the reforms.

APRA pushes for greater control over super

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2017
... providing quality or value-for-money outcomes for members. The regulator is also proposing to authorise and cancel MySuper products that don't meet legislative or quality requirements. APRA also supports the proposed amendments to require a minimum of ...

Super industry makes largest fee cuts since MySuper reforms

ALEX BURKE  |  WEDNESDAY, 11 OCT 2017
... across the whole industry. Workplace APRA-regulated funds are the cheapest, with an average TER of 1.15%; the MySuper products within this category have an even lower TER of 1.03%. The pre-RG97 research showed that not-for-profit (NFP) MySuper funds ...

SMSFs narrow performance gap: Rainmaker

KARREN VERGARA  |  MONDAY, 9 OCT 2017
... delivered slightly lower returns (7.4% pa) compared to the SG360 default index (7.7% pa), which tracks APRA regulated MySuper products. Lower returns for the SG360 reference index was driven by differences in asset allocation, the report said, with the ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
... we should have been." According to Rainmaker Information data, based on the latest APRA data at June 2016 for MySuper products, AustralianSuper has the second highest number of members under 25 at 230,143. However they do not have the highest percentage ...

MySuper milestones monitor industry movement

DARREN SNYDER  |  MONDAY, 11 SEP 2017
... accounts for more than 40% of super assets or $595 billion. Rainmaker analysis shows there are 111 individual MySuper products offered by 94 separate superannuation funds. In the 12 months to 30 June 2017, the top ranked MySuper single investment strategy ...

Why ASIC delayed RG97

ALEX BURKE  |  FRIDAY, 8 SEP 2017
... costs in many areas. When we reviewed it, the average increase in disclosed costs was about 23 basis points for MySuper products," he said. He added that platforms, despite some industry speculation, will not be exempt from similar rules. "Platforms ...

APRA issues warning to underperforming super funds

EMMA RAPAPORT  |  FRIDAY, 1 SEP 2017
... future sustainability of each RSE licensee - inclusive of an assessment of their net returns; cost per member for MySuper products; administration and operating expenses; and whether their insurance offering may be inappropriately eroding member retirement ...