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Showing 321 - 330 of 560 results for "MySuper Product"

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... plans to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth operations ...

SMSF home bias drags returns

KARREN VERGARA  |  TUESDAY, 17 APR 2018
Self-managed super funds' home bias dragged returns for the sector in the 12 months to February, latest SuperGuard 360 research shows. According to the SG360 SMSF Reference Index, SMSFs generated a 5.5% return (before fees and tax) - well below the ...

MySuper growth leads industry

KANIKA SOOD, DARREN SNYDER  |  FRIDAY, 6 APR 2018
MySuper products now have more than $635 billion in assets and account for about one-quarter of Australia's $2.6 trillion superannuation system. Rainmaker's latest MySuper report shows the sector is growing at twice (19%) the pace of overall superannuation ...

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
APRA will monitor trustees closely as to how they set, assess, and work towards performance goals for their superannuation fund in 2018. APRA deputy chair Helen Rowell said in Canberra recently that trustees will have to set strategic objectives, keep ...

Stellar growth for industry funds: APRA

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2018
The growth of industry superannuation funds significantly outpaced retail funds in the year to December 2017, latest APRA statistics show. Industry funds saw assets surge 18.3% to $589.8 billion year-on-year, largely driven by net contributions flows ...

Defensive bias hurting SMSF performance: Research

ALEX BURKE  |  TUESDAY, 13 FEB 2018
... than 10% is generally invested in international equities, while these assets make up about 20% of the equivalent MySuper product. SMSFs also have a much larger weighting towards Australian equities and cash. SuperGuard 360 explained: "As a result, it ...

Retail MySuper outpacing NFP products

KARREN VERGARA  |  FRIDAY, 8 DEC 2017
Retail MySuper products grew four times faster than not-for-profit (NFP) products in the year to September, Rainmaker's latest MySuper report shows. The pool of retail MySuper assets grew 24% year-on-year to $610 billion, while NFP assets increased ...

Government superannuation reforms shelved

EMMA RAPAPORT  |  TUESDAY, 5 DEC 2017
The Federal Government has been forced to pull its controversial superannuation bills for the year after losing the support of key crossbench senators. The bills were reintroduced in September and, among several policies, attempt to strengthen APRA's ...

Meat industry fund welcomes new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2017
AMIST Super appointed a new chief executive following the retirement of James Thomas. The meat industry super fund has promoted its head of investments and head of governance Murray Rutherford to the dual role of chief executive and chief investment ...

Government superannuation bills will stand despite Royal Commission: O'Dwyer

EMMA RAPAPORT  |  FRIDAY, 1 DEC 2017
The inclusion of superannuation in the Royal Commission into banks and the broader financial services sector will not delay any proposed or announced policy initiatives on super, Minister for Revenue and Financial Services Kelly O'Dwyer has confirmed. ...