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Showing 371 - 380 of 1260 results for "MySuper"

Super funds under $30bn should merge: APRA

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... sustainable over the long term," Rowell said. Rowell pointed out the improvements in superannuation including introduction of MySuper and reduction in multiple accounts. But called out things that needed to improve including current directors with 20-year ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... all funds to look at their fees and their costs," she said. According to Rainmaker research, in 2019/20 about half of MySuper products lowered their total fees. So far, this financial year about 40% of funds have continued to lower fees, including funds ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... priority. The Royal Commission formed the view that NULIS' decisions in regard to moving certain groups of members into MySuper products, grandfathering certain fee arrangements and the charging of fees to members for services that were not provided ...

Retail funds take out MySuper performance

ANNABELLE DICKSON  |  TUESDAY, 4 MAY 2021
Retail superannuation funds, with the exception of one industry fund, led MySuper performance for the three years to March end, according to latest Rainmaker analysis. Virgin Money Lifestage Tracker 1973-1983 returned 9.3% over three years, followed ...

Cbus appoints head of advice

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... recommended. To date, Cbus is the only industry fund whose options have achieved this high level of rating. Its growth (MySuper), high growth, conservative and conservative growth options were all upgraded. "The ratings are solid recognition for the ...

Former Australian Unity adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 29 APR 2021
... authorised representative of Australian Unity Personal Financial Services was handed a five-year ban for telling clients MySuper options are more expensive and to opt out of the products. Christopher Chan will serve a five-year ban for writing misleading ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
... benefits from members, not being transparent about intra-company payments and dragging its feet in transitioning members to MySuper. Its lifestage funds copped red ratings in APRA's 2020 heatmap for charging as much as 1.68% in exorbitant administration ...

Guild Super chooses new administrator

ELIZABETH MCARTHUR  |  THURSDAY, 22 APR 2021
... altered its investment fees - resulting in slightly lower fees for most options. For example, the Building and Growing MySuper options fees decreased by one basis point each and the Consolidating MySuper option investment fee decreased by three basis ...

Best MySuper options by risk-adjusted returns

KANIKA SOOD  |  TUESDAY, 20 APR 2021
Australian Ethical, Aware Super and BUSSQ are the top three performers in MySuper, when risk adjusted returns are considered. Rainmaker calculated a combined risk-adjusted rank for MySuper options, incorporating their average percentile scores in Sharpe ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... superannuation to be issued to some Aon Master Trust Members. ASIC alleges the letters misrepresented the past performance of Aon MySuper and the timing of when members would transition to MySuper. The letters omitted material information about the intended ...