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Showing 341 - 350 of 1259 results for "MySuper"

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... in Catholic education, healthcare, aged care and welfare. Its total assets were $9.5 billion. By performance, NGS's MySuper product has three-year returns of 7.6% p.a. (rank 41) and one 10-year returns of 7.9% p.a. (rank 35), to June end. This is ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... APRA-regulated, up 17.2% from previous years, according to June-end superannuation statistics released by APRA on August 24. MySuper products stood at $903 billion, an increase of 22.5% from June 2020. Self-managed superannuation assets totaled $822 ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
APRA has issued guidance on how it will administer the Your Future, Your Super performance test for lifecycle MySuper options that make changes within the option or transition to a new option. The regulator has the power to make determinations on combining ...

Another departure on AMP Capital MAG team

KANIKA SOOD  |  MONDAY, 16 AUG 2021
... team members," AMP Capital said. "Anna Shelley...has picked up Debbie's portfolio management responsibilities for MySuper and now the Future Directions portfolios, ably assisted by Stephen Flegg and Jeronimo Harrison."

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... consulting on solutions for group insurance cover for members working in hazardous occupations after stapling. FSC said if a MySuper product's default life insurance cover has occupations-based exclusions, a member working in one of those occupations ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... been aligned to us. I think there's a real opportunity for us and I see that as really positive growth." AMP's MySuper product delivered 20% in the last 12 months. She flagged that AMP Australia chief executive Scott Hartley, who has been in ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... ASIC is also taking action against CFSI in the Federal Court regarding its communication to members about the rollout of MySuper. CBA will pay a final dividend of $2.00 a share, taking the total to $3.50 per share fully franked. The bank will also undertake ...

Active Super rejigs MySuper

KANIKA SOOD  |  MONDAY, 9 AUG 2021
Active Super has changed the structure of its lifecycle MySuper product to derisk members slower than before, while also renaming two Choice options. Active Super's lifecyle MySuper product currently divides members into four stages: High Growth ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... changed their fees in the recent years, as APRA heatmaps brought attention to them. As an example, Mine Super reduced its MySuper administration fees by a whopping 50%, dropping to $52 per year from $104. ISA said the administration fees are "huge performance ...

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information. Rainmaker's Lifecycle Index beat its Single Strategy MySuper ...