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Showing 11 - 20 of 76 results for "Cash option"

Super fund overhauls investment direction

JAMIE WILLIAMSON  |  MONDAY, 21 NOV 2022
... a significant move for the fund as it currently invests all members with a balance lower than $1500 wholly in the Cash option. Under the existing investment direction, once an account balance exceeds $1500 it must be moved to the Growth option and remain ...

Brighter Super simplifies investment menu

JAMIE WILLIAMSON  |  MONDAY, 25 JUL 2022
... didn't make the cut to be closed. Brighter Super's Balanced, Stable, Australian Shares, International Shares, and Cash option will all close. In their place, Energy Super's Capital Managed, Stable, Australian Shares, International Shares and Cash Enhanced ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... decrease will be seen on its Australian shares with a reduction of 39.13% while the Stable option will drop 7.41%. The cash option will remain as is at 0.08%. The fund is also reducing administration fees for its pension members while also capping them ...

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
As it prepares to expand its menu, LGIAsuper has reduced fees across most of its investment options, including by more than 30% for MySuper members. Effective March 31, the total of investment and administration fees have been reduced across LGIAsuper's ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... automatically put some of their investments to cash each month. Members can then draw a regular, consistent income from the cash option as well as transfer small amounts more frequently. TelstraSuper chief executive Chris Davies said this cash allocation ...

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
The industry fund will close its basic cash option on August 13, as it sees returns dry up. The option invested in cash securities that have a maximum maturity of three months. It aimed to match the return of the one-month Australian Bank Bill rate ...

Christian Super reduces fees

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
The $2 billion superannuation fund has once again dropped its fees as part of a broader strategy to provide better outcomes for its members. On July 1, Christian Super's 30,000 members saw a fee cut of between five to 10 basis points for all diversified ...

Industry fund ups admin fees

KARREN VERGARA  |  MONDAY, 24 MAY 2021
An $18 billion superannuation fund is increasing its administration fees and adding to its cash option menu from July 1. CareSuper will stop passing on tax benefits to members via the fixed component of the admin fee and the percentage-based portion ...

HESTA consolidates investment options

JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
... set to be renamed High Growth with the risk profile renamed to 'aggressive' from 'very ambitious'. Elsewhere, its Cash option will now comprise 50% term deposit assets and be renamed to Cash and Term Deposits. There will be no changes to the fees charged ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... members. Any applications for the fund after this date will be invested in Colonial First State's Wholesale Strategic Cash option. "We've decided to terminate Acadian Diversified Alpha in accordance with the constitution on the basis that it is in the ...