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Showing 281 - 290 of 1259 results for "MySuper"

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... "The government's YourSuper comparison tool has recorded over one million hits since it was released in July. Thirteen MySuper products failed the government's new bright line performance test covering one million member accounts." However, APRA numbers ...

Mine Super refreshes investment options

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
... costs," Mine Super chief engagement officer Glenda Abraham wrote to members. In March 2021, the super fund slashed its MySuper administration fees by 50%, dropping to $52 per year from $104. That same month, Harry Mitchell left the top job as Vasyl Nair ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... fee changes in September 2019. The fund's investment returns have also varied widely since 2015. Last financial year its MySuper option achieved 16.82%, the previous year it saw -0.28%, and in 2018/19 it achieved 8.76%. According to Rainmaker data, Media ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... fund, though there's still doubts as to the accuracy of the regulator's process. The release of the APRA heatmaps for MySuper and Choice investment products yesterday has underscored the importance of ensuring consumers can access affordable financial ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Senator Jane Hume wants to find solutions to problems that arise from occupational exclusions in group insurance provided by MySuper products.

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
The annual MySuper heatmap shows 45% of products delivered returns below benchmark this year but there are few surprises, with most being the same products that failed the performance test. The regulator has also shared which funds came close to failing ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... represents the first time the performance of this segment of the market has been exposed to such public scrutiny. The MySuper Heatmap, meanwhile, which was first published in 2019, has been expanded to include each product's assessment result received ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... surprises in regards to which funds failed, it was still some of the biggest news of the year. In all, APRA tested 76 MySuper products, of which 13 failed. The full list of failing funds was: AMG MySuper, ASGARD Employee MySuper, Australian Catholic ...

BT cuts super fees by $20m

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
BT Financial Group cut fees for its MySuper and Choice members, almost halving their dollar-based annual administration fee from $108 to $56. BT said more than 470,000 members will have an automatic reduction in their annual administration fee from ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... funds that raised fees, 90% of these involved investment fees going up." Previous research by Rainmaker shows default MySuper fees have dropped to an average of 1%. In the last decade, super fees have fallen by a quarter, with about half of the action ...