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Showing 11 - 20 of 20 results for "MySuper transition"

NAB sells insurance business to Nippon Life

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
National Australia Bank (NAB) has sold 80% of its MLC life insurance business to Japanese insurer Nippon Life for $2.4 billion. NAB will retain ownership of its superannuation, platforms, advice and asset management businesses. It will also retain the ...

MySuper impacts AMP investment revenue

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
A greater share of assets entering lower-fee MySuper products is affecting AMP's investment related revenue. The group's investment related revenue for the first half of 2015 was 113 bps, a 4.2% reduction from the prior corresponding period. AMP said ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... default account balances have been transferred across into MySuper products, raising concerns the slow retail MySuper transition is costing retail super fund members hundreds of millions of dollars in extra fees. Rainmaker analysis of the MySuper statistics ...

Low cost retail jumps 82pct

STAFF WRITER  |  MONDAY, 13 OCT 2014
... retail segment to amount to less than $10 billion, the segment is inline for rapid growth underpinned by the MySuper transition and impact of FOFA. Rainmaker has just released its June 2014 Advantage report containing results of its June 2014 platform ...

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
... not take account of workplace super funds not covered by MySuper. Nevertheless illustrating the speed of this MySuper transition, MySuper FUM has almost tripled in annualised terms in the past year notwithstanding the transition in retail MySuper products ...

Super on track for double-digit year

ALEX DUNNIN  |  MONDAY, 5 MAY 2014
... points notwithstanding this is artificial as it reflects the impact of the survivorship bias introduced by the MySuper transition. Underpinning the super fund performance results are that the rolling 12 month ASX accumulation index was 13.0% although ...

APRA releases final Prudential Standard for MySuper transition

MARK STORY  |  THURSDAY, 13 DEC 2012
... The Australian Prudential Regulation Authority (APRA) yesterday released final Prudential Standard SPS 410 MySuper Transition (SPS 410) and the final approved forms for application for authorisation to offer MySuper products and ERFs for the superannuation ...

CGT relief passes House of Reps

BEN COLLINS  |  TUESDAY, 30 OCT 2012
... yesterday. The Bill extends the relief on capital loss rollovers to 1 July 2017 to coincide with the end of the MySuper transition period. AIST chief executive officer, Fiona Reynolds, said the extension would be a relief to those funds considering a ...

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
... registerable superannuation entity (RSE) licensees to meet their obligations under Prudential Standard SPS 410 MySuper Transition which was released as a final draft on 3 October 2012. This prudential standard sets out requirements for the movement of ...

APRA releases draft MySuper authorisation form

MELANIE TIMBRELL  |  THURSDAY, 3 MAY 2012
... arrangements to authorise MySuper products, including a draft application form. A draft prudential standard on MySuper transition that sets out requirements for trustees moving member balances into a MySuper product is also included. The draft authorisation ...
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