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Showing 271 - 280 of 568 results for "MySuper product"

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
MySuper could soon surpass self-managed super funds as the preferred retirement savings vehicle for Australians, a new Rainmaker report shows. Using the latest APRA data, Rainmaker's MySuper Report found the MySuper asset pool hit $713 billion at ...

Super figures point to NSW victory

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
If superannuation performance figures mean anything in the world of rugby league, the Blues will win the Origin opener tonight. Just hours before the Blues and Maroons begin the annual battle for rugby league supremacy at Brisbane's Suncorp Stadium ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
AMP said it will "vigorously" defend the class action launched by Maurice Blackburn Lawyers, alleging it overcharged superannuation fund members fees unjustifiably. Backed by litigation funder Harbour, the law firm filed a class action seeking compensation ...

Industry funds temper inflows post-Royal Commission

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
The finance services Royal Commission had minimal impact on industry fund inflows as reflected in APRA's latest superannuation statistics. The prudential regulator's March 2019 figures show retail super funds ($623.4bn) grew by 5.8% over the ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... protection insurance cover was also a requirement. As at January this year, just 28 of the 82 super funds offering a MySuper product fit the bill, according to Rainmaker data. ASIC intends to review its default fund arrangements every four years.

Sunsuper, corporate super fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2019
... CBH Super had about 1300 members and $300 million in funds under management. According to Rainmaker data, its MySuper product held about $14 million as at December 2018 and, in the 12 months previous, achieved a rate of return of 1.5%. The average market ...

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... trailed behind the retail sector in terms of adoption. Only five industry funds ditched their single strategy MySuper product for a lifecycle option, Rainmaker research shows. Giants like AustralianSuper, UniSuper and Hostplus have so far stuck to single ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
The Australian Institute of Superannuation Trustees has slammed ASIC's move to defer consumer disclosure requirements for choice superannuation products for up to four years. Currently, superannuation funds with more than five members must disclose ...

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 ...