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Showing 341 - 350 of 818 results for "Retail fund"

Retail super members gouged by $7.1bn: ISA

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
Industry Super Australia (ISA) estimates that in the past decade bank-owned super fund members have been gouged by about $7.1 billion for above market fees to in-house suppliers. The estimate was released hours before the Senate will hold its final ...

SMSFs hurt more than APRA funds in downturn

MARK SMITH  |  MONDAY, 30 NOV 2015
The SMSF segment of the superannuation system suffered more in the recent market correction, the latest APRA figures for the September quarter show. Total super assets dropped in the September quarter by 1.6% from $2.03 trillion to $1.99 trillion. For ...

Industry funds may set up master trust

DARREN SNYDER  |  MONDAY, 30 NOV 2015
Industry superannuation funds NGS Super and QIEC Super have flagged integrating their investments and insurance under a master trust structure. The boards of both super funds have entered a memorandum of understanding that will investigate the master ...

ASFA reshuffles board

LAURA MILLAN  |  FRIDAY, 27 NOV 2015
... appointed as a service provider representative and Colonial First State executive general manager Linda Elkins is retail fund representative. They replace outgoing board members Nicolette Rubinsztein and Brian Delaney. ASFA chair Dr Michael Easson said ...

New super transparency rules spark controversy

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
ASIC's updated fee and cost disclosure requirements for superannuation funds have sparked controversy among industry stakeholders. The regulator released Regulatory Guide 97 Disclosing fees and costs in PDSs and periodic statements, which includes a ...

FEATURE: The great race to invest

LAURA MILLAN  |  THURSDAY, 19 NOV 2015
As the SMSF rush slows down, Laura Millan asks whether individual funds will withstand harsher market conditions and reviews member direct investment options. It is a known fact that self-managed super funds (SMSFs) outperformed funds regulated by the ...

Evolving super sparks C-suite shift

DARREN SNYDER  |  MONDAY, 16 NOV 2015
How superannuation funds meet the constant need to fund longer member retirements is presenting significant challenges for executive teams in board rooms across the country. Apart from ongoing regulatory reform there are other forces at play which are ...

Super fund returns fall again in September

MARK SMITH  |  WEDNESDAY, 4 NOV 2015
The SelectingSuper workplace default option MySuper Index fell again during September with the 12 month rolling performance sliding during the month from 6.5% to 6.0% by month's end. This drop in rolling annual returns was on the back of the 3.0% fall ...

NAB sells insurance business to Nippon Life

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
National Australia Bank (NAB) has sold 80% of its MLC life insurance business to Japanese insurer Nippon Life for $2.4 billion. NAB will retain ownership of its superannuation, platforms, advice and asset management businesses. It will also retain the ...

Beware 'apples with apples' super comparisons

DARREN SNYDER  |  FRIDAY, 23 OCT 2015
If superannuation funds' investment performance is to be compared on an "apples with apples" basis there are several key points to consider, according to researcher Rainmaker Information. This week Australian Prudential Regulation Authority (APRA) member ...