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Search ResultsShowing 11 - 20 of 100+ results for "MySuper"
Rice Warner weighs in on Your Future, Your Super
KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... risks. These funds could run campaigns to convert members into choice products that are very similar in structure to the MySuper product. This will mitigate the effectiveness of the legislation." Alternatively, trustees can potentially establish and ...
Tasplan says goodbye to lifecycle MySuper
KANIKA SOOD  |  MONDAY, 11 JAN 2021
After four years of offering its MySuper option as a lifecycle product, Tasplan plans to switch back to single strategy citing higher costs among the reasons. The $11.5 billion superannuation fund is set for a merger with the $12.6 billion MTAA Super ...
MySuper performance recovers, hits record high
KARREN VERGARA  |  MONDAY, 11 JAN 2021
... underperformance within the asset classes remains rife, according to new Rainmaker data. Rainmaker's November 2020 MySuper index has reached a record high, bouncing back 15% since March 2020. November saw the local and international share markets ...
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 ...
QLD super funds advance merger
KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... underway on implementing the merger, the two funds said, adding that they are focussed on establishing a joint entity and one MySuper product. LGIAsuper has $13 billion in assets under management with 75,000 members. Energy Super manages $8 billion in ...
APRA hands down self-assessment report
KARREN VERGARA  |  MONDAY, 21 DEC 2020
... 2020," APRA said. During the period, APRA was proud to increase its transparency and media engagement on matters like the MySuper heatmap, upgrading its quarterly Insight publication, and expanding its consumer-directed website content and social media ...
New heatmap shames trustees
KARREN VERGARA  |  FRIDAY, 18 DEC 2020
The same underperforming and costly MySuper products APRA named and shamed last year have failed members again in the latest iteration of the heatmaps. APRA is taking action on 10 MySuper products overseen by eight trustees. It will issue notices for ...
FS team picks: The top stories for 2020
ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... took place this year, Financial Standard was first and often the only publication across many of them; Perpetual exiting MySuper via SFT to CareSuper , Equipsuper swallowing up the Pitcher Retirement Plan , LESF Super transferring to Smartsave and, the ...
ASIC explores value for money in default group insurance
ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... with the default." The report found that there is a wide variation in the kind of default insurance cover offered through MySuper products. For example, ASIC found some large MySuper products offered over 20 times as much default cover as others. The ...
Key advice reforms tabled
KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... issuer or a gift. Thirdly, superannuation funds cannot charge fees on an ongoing basis for personal advice provided to MySuper products (for a 12-month period). More generally, super funds cannot charge a member fees for advice provided unless the fee ...
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