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Showing 291 - 300 of 1260 results for "MySuper"

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... funds that raised fees, 90% of these involved investment fees going up." Previous research by Rainmaker shows default MySuper fees have dropped to an average of 1%. In the last decade, super fees have fallen by a quarter, with about half of the action ...

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
... said, which resulted in its failure of the inaugural performance test. According to Rainmaker data, Christian Super's MySuper option achieved 18.9% in the year to October 31, ranking 23rd overall. Over three years it's achieved 9.1% (30), 8.1% ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... would be in the best interests of members to do so. The launch of an Expression of Interest process comes after AvSuper's MySuper option failed the inaugural performance test in August, forcing the fund to consider its future. "For more than 30 years ...

CFS targets adviser market

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... the test. But we've made some significant changes to both our fees and the way the investments are managed in the MySuper products. They're approximately 10% of our superannuation business," Bryce said. Commenting on the divestment, CBA chief ...

Top investment products, super fund revealed

STAFF WRITER  |  THURSDAY, 2 DEC 2021
... and Carsales to assess thousands of products. To find Australia's top-performing super products, Rainmaker reviewed MySuper products and asset classes that include growth, balanced, moderate (capital stable), equities, property, bonds, cash and ESG ...

UniSuper, Australian Catholic Super exploring merger

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 DEC 2021
... merge by late 2021, subject to due diligence and via a successor fund transfer. Also in August, ACSRF's LifeTime One MySuper product failed the APRA performance test. ACSRF chair David Hutton said: "The fund has always pursued its strategy to achieve ...

Default super delivers best performance in 34 years

KARREN VERGARA  |  MONDAY, 29 NOV 2021
... 10-year periods the gap is one percentage point in favour of the NFP segment," the report read. "Since the introduction of MySuper the segment gap has reduced 90%, meaning the retail and NFP segment is now performing 'line-ball' with each other." ...

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... The remaining assets are split across fixed income (18%), cash (10%), property (8%), infrastructure (6%) and other (3%). MySuper is the highest-growing product, rising 23.7% year on year to $922.9 billion. Some 56% of assets are allocated to equities ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... deceased members. However, APRA has made several determinations, including that AMP's failure to provide over 2000 MySuper members with default insurance cover between 2014 and 2019 is likely a breach of the SIS Act, and that AMP did not effectively ...

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... Further action may follow, Cole said. "Ultimately, the best way for EISS to optimise outcomes for members of its struggling MySuper product is to transfer them to a more sustainable and better performing product as soon as possible," she said. "The new ...