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Showing 11 - 20 of 178 results for "Transition to retirement"

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... million member accounts. This trumps the average balances of MySuper, Choice accumulation and Choice transition to retirement products of $71,000, $132,000 and $230,000 respectively. The AustralianSuper Choice Income retirement product holds the largest ...

Prime Super to change admin fees

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... annum, but the annual fee cap will increase from $588 ($500 net) to $825. For pension accounts, including transition to retirement and retirement products, the fixed fee will remain at $1.30 per week. The asset-based fee will decrease from 0.500% per ...

FAAA calls for stronger consumer protections in advice reforms

ANDREW MCKEAN  |  WEDNESDAY, 7 MAY 2025
... substantial and often irreversible impact on the client's overall financial position. The FAAA recommends that transition to retirement and retirement advice be explicitly excluded from any definition of simple advice," it said. The association also ...

NGS Super shutters direct investment option

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
... launched to all members with $7000 or more in their account, in 2021 it closed the option to members with Transition to Retirement accounts citing "very low" demand. The fund anticipates the option will close by June 30, but said it is working with OneVue ...

Almost half of HESTA members retire involuntarily

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... the government's Quality of Advice reforms. Blakey said the expansion of intra-fund advice to include Transition to Retirement, Retirement Income Stream, household view, age pension, and implementation would help provide more Australians access to the ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... pension, have not yet exhausted their cap and wish to transfer more into the retirement phase, or receive a transition to retirement pension and will meet a condition of release by June 30. Chow said for those looking to start a retirement phase pension ...

Centrepoint Alliance launches long-awaited IconiQ platform

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... investment options consolidated under a simple user interface. Meanwhile, Super Wrap offers accumulation, transition to retirement and pension options, allowing advisers to manage portfolios in a low-cost interface. Centrepoint said the launch of IconiQ ...

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... across choice products. Of the 812 choice products 463 were accumulation products ($755 billion), 124 were transition to retirement products ($14 billion), and 225 were retirement products ($442 billion). This compares to the more than $1 trillion allocated ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... options, that align with member profiles, seeking to assist them in making informed decisions about their transition to retirement and available income options. Some of these options include a lifetime annuity which is designed to address the risk of ...

Equip Super to introduce retirement specialists

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... contact from their funds to better understand retirement options and pension products both during the transition to retirement but within retirement as well. "We are enhancing and repositioning our retirement services to provide the help and support ...