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Showing 351 - 360 of 818 results for "Retail fund"

TWU attacks retail super funds over board governance

DARREN SNYDER  |  THURSDAY, 22 OCT 2015
The Transport Workers' Union (TWU) is calling on the federal government to abolish retail superannuation funds instead of bringing in changes which will "damage the high-performing industry super system." In a scathing statement about the debate on ...

Super returns fall sharply in August

MARK SMITH  |  WEDNESDAY, 7 OCT 2015
The recent plunge in local and global stock markets saw super fund returns dip but performance is still solid over the longer term. According to figures from Rainmaker, the SelectingSuper workplace default option MySuper Index fell sharply during August ...

Retail funds recommending advice fee rates

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
While retail super funds post-FOFA have unbundled their embedded advice commissions, half still recommend an average 0.55% in ongoing advice service fees, the annual super fee survey from Rainmaker reveals. As a result of the compulsory adoption of ...

Super fees almost halved in five years

MARK SMITH  |  MONDAY, 28 SEP 2015
... major bank for a TER of 0.60%, illustrating the ferocity of price competition stemming from the new regulation. While retail fund fees in general are higher than NFPs, these funds offer variable pricing that enables them to match NFPs when member balances ...

Industry funds challenged by lack of in-house advice

LAURA MILLAN  |  FRIDAY, 25 SEP 2015
Industry superannuation funds lack the strong in-house advice services that have been proven essential to retain members in their retirement phase. Research by Tria Investment Partners shows that there is a strong correlation between the scale of a ...

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
Retail superannuation funds have welcomed the introduction in Parliament of the bill that seeks to mandate the presence of independent directors in boards. "With over $2 trillion currently sitting in the superannuation pool, good governance has never ...

Price is wrong for supermarket super

ALEX BURKE  |  FRIDAY, 28 AUG 2015
Over three quarters (76.3%) of Australians would never consider a Coles or Woolworths public offer superannuation fund, according to CoreData research. Based on a survey of 847 respondents, CoreData's 2015 Member Engagement Report also suggested that ...

Retail funds get behind campaign to lower fees

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
Retail superannuation funds have entered industry fund territory and admitted that high super fees need to be lowered. The Financial Services Council (FSC), which represents the retail side of the superannuation industry, has stated that "superannuation ...

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
David Murray, chair of the Financial System Inquiry, has stirred the debate around super board independence, saying it has deteriorated into a "set of silly suggestions." In his final FSI report, Murray recommended that super funds appoint a majority ...

Long term super fund returns approach record levels

STAFF WRITER  |  FRIDAY, 7 AUG 2015
SelectingSuper has released its final MySuper performance index for 2014/15 confirming that while fund returns dipped below double digit to 9.5% due the 4% fall in equity markets in June, three and five year returns are approaching record high levels. ...