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Showing 301 - 310 of 1259 results for "MySuper"

Industry fund ups admin fees

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... the lowest cost super funds in the country and that the administration fees will continue to be among the lowest for a MySuper option. According to analysis by Rainmaker Information, following the fee increase MIESF's MySuper option will be the 10 th ...

Test-induced movement marginal: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 10 NOV 2021
... closed since the results were announced. This equates to just 4.2% of the total assets held in these products. Of the 76 MySuper products assessed by APRA, 13 of them failed. These products were AMG MySuper, ASGARD Employee MySuper, Australian Catholic ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... we remain focused on helping all members achieve their best financial position in retirement," Schroder said. LUCRF's MySuper option was among the 13 funds that failed the Your Future, Your Super performance test in August. The fund confirmed it was ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... frequently asked questions (FAQs) on the Your Future, Your Super performance test, APRA has confirmed it will publish each MySuper products' test value in the December heatmap. APRA said it intends to publish the performance test values as part of ...

AMG Super launches platform, product

KARREN VERGARA  |  TUESDAY, 2 NOV 2021
... truly individualised portfolio without the hassle of administrating and consolidating off-platform assets," he said. AMG's MySuper product was one of 13 funds that failed APRA's inaugural performance test. It joined the likes of ASGARD Employee MySuper ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Choice products charge significantly higher and tend to underperform compared to MySuper options, new analysis by APRA finds. Ahead of unveiling the inaugural Choice Product Heatmap, the prudential regulator released staggering statistics that will ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... over the management of superannuation have swirled for years. Should this materialise, comparing costs with the average MySuper product would see the Future Fund charge significantly more. Currently, MySuper has a total cost ratio of 1.07% on average ...

LGIAsuper, Energy Super change fees

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
... to just $1.00 per week per account. We also reduced the estimated investment fees for all ready-made options including MySuper and some of our single asset class options." The superannuation fund is in the process of acquiring Suncorp Portfolio Services ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently pay less than ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... CFS had misled members on almost 13,000 regarding investment decisions, possibly deterring them from moving to a cheaper MySuper product. "The $20 million penalty handed down to Colonial is a timely reminder to superannuation trustees not to mislead ...