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Showing 301 - 310 of 560 results for "MySuper Product"

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Colonial First State admitted to falling below community standards when it crafted poor communication to super fund members to dissuade them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... Pankhurst also admitted ASIC has previously raised concerns that customers would confuse this product with ANZ's MySuper product of the same name. He said previous marketing collateral for the product wrongly labelled it as a MySuper option. Yesterday ...

Entertainment spend retains members: Hostplus

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... attributable to - well, it's attributable to a number of things, investment performance," Elia said. For its MySuper product, Elia boasted its returns are consistently high compared to the rest of the industry. "It has been one of the best performing ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... of the Superannuation Industry (Supervision) Act which sets out what happens when a member doesn't elect a MySuper product. The member has either not provided a direction to the fund where contributions will be made or stated a specific investment ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
Colonial First State's messy MySuper transition came under the Royal Commission's lens on Tuesday. Taking the witness box, Colonial First State executive general manager Linda Elkins told the Commission CFS initially failed to transition 13,000 members ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
The rate at which superannuation funds slug members fees is growing faster than the underlying assets being managed, latest research shows. Rainmaker Information's March quarter Benchmarking report shows members paid a total of $32 billion in super ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... consultant that its current investment fee budget wasn't adequate to boost the performance of its lagging MLC MySuper product, the Royal Commission heard. Resuming former NULIS chair Nicole Smith's questioning on day three, senior counsel assisting ...

IOOF continues organic growth trajectory

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... terms of investment management, UNPAT rose 12% to $36.7 million. "Most importantly, from our perspective, our MySuper product is really going to become the key comparator product or fund that we'll use to compare against other providers in the industry ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... simplification of its superannuation product offering, AMP said it will implement pricing reductions across its MySuper product suite from Q3 2018. Described as customer-focused fee reductions, the cuts will have no impact on AMP's first half results ...

Best in show should not dampen competition: Bowen

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... do." The Productivity Commission report showed a typical full-time worker who is in the median underperforming MySuper product would have $375,000 less upon retirement than if they were in the median top-10 product. Similarly, a 0.5% higher fee could ...