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Showing 311 - 320 of 397 results for "MySuper products"

MySuper fees approaching KiwiSaver best practice

STAFF WRITER  |  TUESDAY, 21 OCT 2014
... one of the models that informed the design of MySuper. In comparison to the KiwiSaver fees, the average TER of MySuper products is 1.1% and 1.0% for not-for-profit (NFP) MySuper products, according to research recently released by Rainmaker. "The New ...

AFA to lobby for MySuper opt in arrangement

LAURA MILLAN  |  FRIDAY, 17 OCT 2014
The Association of Financial Advisers (AFA) is concerned that mandatory transfer to default MySuper products could lead to consumers losing their existing insurance arrangements and asked for an opt-in arrangement to MySuper. AFA chief executive Brad ...

Low cost retail jumps 82pct

STAFF WRITER  |  MONDAY, 13 OCT 2014
... cost products. "Among retail super funds barely one in 10 dollars of default super is held in new lower-cost MySuper products with an incredible $77 billion of members' pre-MySuper balances parked in more costly products," noted a statement released ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
... the figures, released yesterday by the Australian Prudential Regulation Authority (APRA), showed retail funds' MySuper products has outperformed industry funds since the beginning of the regime in January 2014. It calculated that FSC members' funds averaged ...

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
... is happening faster than expected and the role of life stage investing bigger than anticipated. There are 116 MySuper products covered by this first census that report $363 billion in MySuper assets under management. Rainmaker estimates that this dollar ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
... Superannuation Trustees (AIST) executive manager, policy and research, David Haynes said: "Full disclosure of MySuper products will provide better transparency and comparability within the superannuation system. With so much focus on superannuation fees ...

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
... funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager, policy and research ...

First State Super cuts investment fees

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
... risk for our members." According to Rainmaker's just released 2014 super fund fee study, First State Super's MySuper products have Total Expense Ratios of 0.66% placing them well inside the top 10 for lowest cost MySuper products. The latest fee move ...

HOSTPLUS to launch lifecycle option

JAMES FERNYHOUGH  |  FRIDAY, 19 SEP 2014
... of life as determined by your age and retirement horizon." So far the lifecycle model has been popular among MySuper products in retail funds, but less so with industry and public sector finds. HOSTPLUS' lifecycle option however will not replace its ...

Young Australians clueless about life insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 17 SEP 2014
... over 60% saying they had good understanding and less than 6% saying they had no understanding at all. Default MySuper products are required by law to include life cover. The high level of disengagement among fund members means some may be paying several ...