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Showing 11 - 20 of 1116 results for %22BT Super MySuper%22

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Super performance test in which Retirement Wrap's Westpac Group Plan MySuper failed for the first time and BT Super MySuper failed for the second time. All members in Retirement Wrap were transferred to Asgard Independence Plan Division Two which ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... ages), and an investment allocation that adjusts the investment risk for the member's stage in retirement. This could mean super funds developing at least one product which meets the framework attributes and provide as a "first offer to members." In ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... that exceeded benchmark, and of the accounts that failed to meet the benchmark, only 1% fell short by more than 0.5%. MySuper default investment options also showed strong performance, with 80% of member accounts in products that surpassed their tailored ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... indicated a 2% reduction in the past year. SMSFs are the least expensive segment with average fees of 0.65% per annum, while MySuper options, covering the largest number of members, maintains competitive average fees of 1% per annum as of June 30. Rainmaker ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
Vanguard Super has rolled out a new function that allows members to pay for advice fees via their SaveSmart account - the super fund's lifecycle MySuper investment option. As of next month, Vanguard Super members can opt to have advice fees deducted ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

E-commerce giant retreats from super

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2023
Just four years on from its much-hyped launch, Kogan Super has closed its doors to new members. Kogan initially flagged its intention to enter the superannuation sector in late 2018, saying it had partnered with Mercer to develop a new "no frills, ultra-low ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... long-standing chief executive of a $6.7 billion industry fund will leave December 1, after nearly two decades at the helm. Prime Super chief executive Lachlan Baird, who's held the role since 2005 and presided over "considerable change and growth" ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
Future Super Group is ramping up its growth strategy, entering the default super space with the acquisition of GuildSuper. The deal with GuildSuper will see Future Group add about $2.77 billion in funds under management and 99,000 members. This includes ...