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Showing 11 - 20 of 35 results for "AMG Super"

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... in other products. Meantime, of the 64 MySuper products examined, only one product failed the test this year, being AMG Super. This marks the third consecutive year it has failed, leading it to exit MySuper. All trustees must now write to the members ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... with $225.1 million in assets under management, a 21% increase year on year. Last December, Raiz became a division of AMG Super and switched trustees from Diversa to Equity Trustees after it was determined that a successor fund transfer was in the best ...

New chief executive for retail super fund, platform

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... platform provider has named its new chief executive as the incumbent retires after 12 years. Acclaim Wealth, formerly AMG Super, promoted Terry Constable as the new chief effective October 1. Constable joined the organisation in May 2013 as a senior ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... whose communication strategies are under fire: BT Funds Management (Retirement Wrap), Equity Trustees Superannuation (AMG Super), EISS Super (Pool A), SCS Super (Australian Catholic Superannuation and Retirement Fund LifetimeOne). ASIC commissioner Danielle ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
The superannuation offering of an ASX-listed fintech will merge with AMG Super later this month following a ruling by its trustee. Raiz Invest Super, the super solution offered by micro investing platform Raiz, will become a division of AMG Super on ...

Don't water down YFYS: Grattan Institute

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... failed the first test have taken steps to merge or reduce fees. Only one that failed that test also failed the second, AMG Super, and is now closed to new members but with lower fees. "These outcomes represent real benefits to members. A leaner system ...

AMG Super to rebrand

JAMIE WILLIAMSON  |  MONDAY, 19 SEP 2022
AMG Super is going to roll out a new look as it expands its offering to include an investment portfolio service. Just last month, AMG Super's MySuper product was closed to new members. While it did fail the Your Future, Your Super performance test ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... are Australian Catholic Superannuation and Retirement Fund's LifetimeOne, EISS Super's MySuper - Balanced and AMG Super. All but AMG Super have already made moves to merge with other funds. ACSRF is currently undertaking a merger with UniSuper ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... three funds with products that were failed last year have since merged or made plans to. The three that haven't are AMG Super, Colonial First State's FirstChoice and Commonwealth Bank Group Super.

AMG Super hires to distribution team

CHLOE WALKER  |  THURSDAY, 5 MAY 2022
AMG Super has appointed the former head of distribution at Powerwrap to a business development role. Richard Carr is joining the super fund as a business development manager, based in Melbourne. In this role, he will oversee distribution in Victoria ...