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Showing 11 - 20 of 23 results for "MySuper fees"

Mergers prompt 13% fee drop

KARREN VERGARA | TUESDAY, 23 FEB 2021

... funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at eight mergers that occurred in 2019 ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR | THURSDAY, 8 OCT 2020

... underperformance over eight years. It's not about funds having a bad quarter or one bad year," Hume said. She said MySuper fees have increased since the products were launched, despite competition in the market growing so much. This was concerning to ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON | TUESDAY, 30 JUN 2020

... from $525 in December. It represents an estimated net saving to members of $110 million, or 1.4% of estimated total MySuper fees and costs paid. That said, 3.8 million members saw their funds increase fees over the period by an average of $24 per annum. ...

Super fund lowers MySuper fees

KANIKA SOOD | MONDAY, 13 JAN 2020

A $6 billion superannuation fund has lowered fees for its balanced MySuper option. TWUSuper's default members will go from paying $808 per year in total fees to $758 per year for every $50,000 in balance, after changes that came into effect on 1 ...

Choice members worse off in retirement: Research

KARREN VERGARA | TUESDAY, 18 SEP 2018

... the underperformance, the research said. The difference between choice total fee fees (excluding advice fees) and MySuper fees is 0.83% compared to 0.78% respectively. AIST chief executive Eva Scheerlinck said the findings were timely given the "damning ...

Super State of Origin: Who wins?

DARREN SNYDER | WEDNESDAY, 6 JUN 2018

... Wales (NSW) 1 1 0 1 Queensland (QLD) 4 3 3 0 But let's get back to the Blues and the Maroons. When it comes to MySuper fees, NSW and QLD products are evenly matched at an average total fee of 1.24% and 1.23% respectively. For what it's worth ...

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT | TUESDAY, 4 JUL 2017

... Dunnin noted that a $292 million reduction in MySuper administration fees would equate to only a 7% reduction in total MySuper fees, or 1.5% of total superannuation fees, but added: "a reduction in fees, however small, is good for the industry and will ...

GROW Super opens for business

ALEX DUNNIN, STEPHEN FAY | TUESDAY, 23 MAY 2017

... use an active strategy implemented through the global investment manager Dimensional Fund Advisors. GROW Super's MySuper fees at 1.33% are significantly lower than other recently launched boutique superannuation products but this places them slightly ...

Super fees almost halved in five years

MARK SMITH | MONDAY, 28 SEP 2015

... categories means that APRA-regulated funds have average TERs of 1.43%, 80% higher than the average SMSF solution. At 1.1%, MySuper fees are unchanged from 2014, though there is significant disparity between the cheapest offered, at 0.46%, and the most ...

MySuper fees force super fund to exit high return strategy

LAURA MILLAN | MONDAY, 7 SEP 2015

The requirement to charge low fees under MySuper has forced one superannuation fund to exit a Principal Global Investments (PGI) strategy that had returned 13% over five years. PGI chief executive in Australia Grant Foster said that the super fund pulled ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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