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Showing 11 - 20 of 49 results for "Platform products"

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... retirement members averaged $216,000 and $344,000 respectively to the 30 June quarter. Further, investments via platform products represented $346.8 billion or 28.6% in choice member assets, APRA said. It comes after APRA recently called out a significant ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
The Australian Prudential Regulation Authority (APRA) has put superannuation platform products under the microscope, saying their higher fees and costs are eroding members' retirement savings. Platform TDPs charged higher administration fees and costs ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... performance of 57 MySuper products and 590 TDPs, a subset of the choice segment that comprises non-platform and platform products. Of the TDPs, 37 out of 192 platform products failed to meet the test benchmarks. This includes 27 products which have failed ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... for trustee-directed products (TDP) launched last year. Ninety-six TDPs failed the test, of which 20 were non-platform products and 76 were platform products. After conducting an audience poll, Chu said that many agree that the test encourages short-term ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... continuing to assess super fund fees in the test but suggested raising the representative member to $100,000 for non-platform products and $250,000 for platform products, up from the current $50,000, as member balances grow. Additionally, the Institute ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... trustee-directed products both on and off-platform. Of the 96 trustee-directed products to fail, 20 are non-platform products (4%) and 76 are platform products (25%). Further, on-platform products represented just 5% of the total FUM assessed, 50% of ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... superannuation and chief distribution officer Mark Oliver echoed many of AMP's concerns. Applying the test to platform products is "ill-conceived", he said, adding that the methodology designed for MySuper, where members have one product, is in stark ...

AMP adds options to MyNorth

ANNABELLE DICKSON  |  FRIDAY, 29 OCT 2021
... The new fee applies to superannuation, pension and IDPS clients across the MyNorth, North, Summit and iAccess platform products. The recent fee cut follows on from a reduced administration fee, up to 22% in savings for balances above $250,000. Administration ...

AMP North reduces fees, adds options

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... from $34 and applies to superannuation, pension and IDPS clients across the MyNorth, North, Summit and iAccess platform products. The recent fee cut follows on from a reduced administration fee up to 22% for balances above $250,000. Administration fee ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... third of the non-super investment market is now concentrated in managed accounts. Five of the 10 fastest growing platform products are either managed accounts of offer model portfolios. The fastest growing are Pursuit Focus Allocated Pension, BT Panorama ...