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Showing 331 - 340 of 1259 results for "MySuper"

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... significantly. This week, APRA's inaugural performance test named and shamed the worst-performing superannuation funds. The MySuper products of AMG Super, BT Super, Colonial First State and ASGARD are some of the bad performers from a total of 13 ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... superannuation Katrina Ellis was asked if the regulator is keen on transparency, why it didn't publish the quantum by which MySuper products passed or failed the inaugural YFYS test. The test results released on Tuesday showed 13 funds failed, meaning ...

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... adjusted returns must be taken into consideration. The results of the YFYS test, released yesterday, saw 13 out of 76 MySuper products fail. The failing funds were AMG MySuper, ASGARD Employee MySuper, Australian Catholic Superannuation and Retirement ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... results as a good first step in improving transparency for members but urged for greater focus on poor performing, non-MySuper products. This would "ensure that every Australian could get transparency on where their super fund sits compared to others" ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... CFS, the firm estimates. The latest fee cut comes as the CFS FirstChoice Superannuation Trust is named as one of the 13 MySuper products that failed the inaugural Your Future, Your Super performance test. "Despite the strength of our recent investment ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This represents a pass rate of 84%. The full list of failing funds is: AMG MySuper ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... promoted. Maritime Super, meanwhile, commenced a new strategy on 1 December 2019 and therefore did not highlight its previous MySuper underperformance. Super Consumers Australia suggested, although it was positive that Maritime Super had committed to ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... the only indicator of future performance," he argued. Robertson acknowledged performance of the $6 billion fund's MySuper option in previous years hasn't been stellar but said that's exactly why the fund has overhauled its approach. "We had ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... are the $425 million corporate fund Goldman Sachs & JBWere Superannuation Fund (46bps improvement), the $17 billion AMP MySuper No. 3 (20bps) and Australian Ethical's $1.9 billion balanced fund (17bps). These are followed by Russell Master Trust general ...