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Showing 271 - 280 of 560 results for "MySuper Product"

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
Financial product providers must comply with new laws to improve design and distribution obligations or else face civil or criminal penalties. The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019 ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Commissioner Kenneth Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining ...

Statewide Super confirms merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2019
... and retail MySuper offerings, Statewide ranks ninth while WA Super ranks 62nd. Tasplan isn't ranked as its MySuper product is less than three years old. Last month, APRA chair Wayne Byres said the regulator has "upped the ante" over the past year ...

Women-led super funds continue to shine

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
Superannuation funds with more women in leadership roles are adding up to $55,000 to member balances, according to new insights. Latest Rainmaker figures show super funds with greater female representation on boards and leadership teams achieve greater ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must conduct an annual scale assessment to decide if its members would benefit from merging their fund with a bigger one with ...

ASIC seeks new default super partner

JAMIE WILLIAMSON  |  FRIDAY, 18 JAN 2019
... ability to meet that milestone by July 2021. Rainmaker analysis shows just 28 of the 82 super funds offering a MySuper product currently manage more than $10 billion in assets, meaning roughly two-thirds of funds need not apply. Those that do must also ...

Poor equities performance sees MySuper suffer

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The average returns for MySuper products dropped to 1.9% in the 12 months to November 2018. This was a fall of a further 1.1 percentage points from the 12-month average return seen at the end of October, analysis from Rainmaker shows. The low returns ...

Superannuation reforms splits opinion: Spot poll

KARREN VERGARA  |  MONDAY, 14 JAN 2019
Financial Standard's latest spot poll reveals a readership that's divided over the Productivity Commission's 31 recommendations aiming to improve the superannuation system. Asked if the final report's recommendations were fair and reasonable ...

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
If the Productivity Commission's recommendation of a best-in-show list was introduced tomorrow, which super funds would make the cut? If performance were the key metric used to determine which MySuper products are shortlisted, latest Rainmaker analysis ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
The Productivity Commission reinforced several recommendations flagged in mid-2018 in a bid to modernise the $2.7 trillion industry, which included shaking up the default sector. The Commission handed down 31 recommendations in its final report in assessing ...