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Showing 11 - 19 of 19 results for "Default Amounts"

Super assets hit $2.3 trillion

KARREN VERGARA  |  THURSDAY, 25 MAY 2017
... the way their money should be invested within MySuper prior to the 30 June deadline. By the same token, accrued default amounts fell by 77% to $10 billion. Self-managed super fund (SMSF) assets meanwhile grew by 12.8% year-on-year to $674.7 billion. ...

Super assets up despite contributions dip

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2016
... is made up by MySuper products; a 13.6% increase. Meanwhile, there was a 23.7% drop in total assets in accrued default amounts to $39.6 billion. Total contributions for the September 2016 quarter were down 4.7% year on year to $23.2 billion, with total ...

MySuper transition costing retail members

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2016
... transition in the first year, the research shows that retail super funds have transferred only 43% of funds in 'accrued default amounts'. Bank-owned funds accounted for 67%, with Rainmaker describing the slow transition as "most likely a deliberate strategy ...

Latest APRA stats show drop in super assets

MARK SMITH  |  TUESDAY, 24 MAY 2016
... assets increased to 7.7% to $452 billion in the period. APRA said this was aided by a decrease in the accrued default amounts. For the non SMSF sector benefit payments continue to grow faster than contributions. Payments were up 9.5% to $64.3 billion ...

Super hits $2 trillion

MARK SMITH  |  TUESDAY, 23 FEB 2016
... benefit payments. Administration and investment expenses grew in line with overall asset growth. Total accrued default amounts (ie balances yet to be transferred to MySuper) fell from $65.9 billion to $47.8 billion.

MySuper assets rise strongly

MARK SMITH  |  MONDAY, 14 DEC 2015
... transition accounts across from existing products-explaining why retail workplace funds continue to have high Accrued Default Amounts. Examples of new leading retail products include BT Super for Life and ANZ Smart Choice MySuper. In terms of product ...

APRA releases final Prudential Standard for MySuper transition

MARK STORY  |  THURSDAY, 13 DEC 2012
... MySuper products and ERFs for the superannuation industry. SPS 410 sets out requirements for the movement of accrued default amounts into a suitable MySuper product before 1 July 2017. This Prudential Standard establishes requirements for an RSE licensee ...

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
... as a final draft on 3 October 2012. This prudential standard sets out requirements for the movement of accrued default amounts into a suitable MySuper product before 1 July 2017. Consultation on the draft guide closes on 5 November 2012 and the final ...

APRA releases final MySuper package

BEN COLLINS  |  THURSDAY, 4 OCT 2012
... released earlier this year. The proposed final Prudential Standard sets out requirements for the movement of accrued default amounts into a suitable MySuper product before 1 July 2017. APRA Deputy Chairman Ross Jones said that although the legislation ...
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