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Showing 11 - 20 of 57 results for "Default MySuper"

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... communication (via letters and calls) may have encouraged members to stay in FirstChoice instead of switching to the default MySuper product. The incidents relate to the period between 18 March 2014 and 21 July 2016. The Royal Commission referred the ...

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... annual financial returns in over three decades, new research shows. The latest data from Rainmaker Information's Default MySuper Index recorded 2020/21 financial year returns of an average of 18%, after all fees and taxes. According to Rainmaker, the ...

Hostplus holds on to MySuper top spot

KANIKA SOOD  |  WEDNESDAY, 9 JUN 2021
... sector median of 1.0% while the cash index dropped to 0.0% for same period," Rainmaker said in a report. Among default MySuper single-strategy options, Hostplus came out on the top with 24.4% in the year to April end. Hostplus' returns made a comeback ...

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
... of members switching to cash from riskier investments, and it was largely older members sitting outside of the default MySuper options. "While this was equivalent to only around 1.5% of funds under management for the system as a whole, it was substantially ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... improve, there's real risk that pressure could grow for the regulator to prohibit them from being offered as default MySuper products."

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... market indexes represents almost half of all superannuation assets." The report also revealed that one-third of default MySuper products are tracking below their investment objectives. The report compared super fund asset class sector average returns ...

Three in a row for NSW? MySuper says so

JAMIE WILLIAMSON  |  WEDNESDAY, 4 NOV 2020
... performance over 10 years backs the experts' thinking - the Blues are set to make it three in a row. In the default MySuper stakes, NSW comes out on top, with funds ranking inside the top 10 on a one, three, five, seven and 10-year basis. In fact ...

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... leaves superannuation open to claims it's a product designed only for old people," the report read. "In 2020, default MySuper products charged on average 0.15% p.a. for administration, 0.8% p.a. for investment management and $78 p.a. for member account-keeping." ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... surprising many in the industry. But, Hume insisted reform was necessary - especially to enhance the performance of default MySuper products. "There are over 90 MySuper products, which are supposed to be the most basic that people get defaulted into," ...

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
Default MySuper products delivered negative returns in the 2019/2020 financial year, but the results weren't as bad as they could have been. According to the Rainmaker MySuper investment performance index, MySuper products delivered an average return ...