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Showing 381 - 390 of 1259 results for "MySuper"

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
... of members switching to cash from riskier investments, and it was largely older members sitting outside of the default MySuper options. "While this was equivalent to only around 1.5% of funds under management for the system as a whole, it was substantially ...

UniSuper tops MySuper league tables

KANIKA SOOD  |  WEDNESDAY, 14 APR 2021
UniSuper topped MySuper tables for the three years to February end, as default options hit their one-year high since COVID-19 started. UniSuper Balanced returned 8.3% p.a. over the three-year period, making it the best performing MySuper option. It ...

EISS Super, TWUSUPER explore merger

KANIKA SOOD  |  TUESDAY, 13 APR 2021
... with better services, solid long-term investment returns and improved financial outcomes at retirement." EISS Super's MySuper option has returned: 3.8% over the year to February, 5.6% p.a. over three years, 7.2% p.a. over five years, 6% p.a. over ...

Rest appoints head of investment strategy

KANIKA SOOD  |  TUESDAY, 13 APR 2021
... experience will be valuable in Rest investments continuing to generate strong long-term returns for our members." Rest's MySuper option returned 5.27% p.a. in the three years to February 28, giving it the 51 st spot in performance league tables. Its ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
... MasterKey members accuses the super trustees of breaching their duties by delaying the transition of accounts to cheaper MySuper products. On 18 December 2020, the Supreme Court of Victoria ruled the case invalid. A spokesperson for Maurice Blackburn ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... underperforming funds prior to implementing the rest of the measures. Arter explained that a Cbus member who had been in its MySuper product for the last 20 years, making the normal 9.5% super contributions would have a balance today of $377,000. "For ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... executive Ian Silk shot down media speculation that the $203 billion super fund is advocating for a top 10 best-in-show MySuper list to be embedded in the pending Your Future Your Super bill. He told yesterday's Senate Economics Legislation Committee ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... period... three or four weeks... so we can think about how it would apply to a range of funds. Yes, we're concentrating on MySuper but this is going to apply across the whole industry." When asked how the lack of detail offered so far has impacted ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... combined fund has about $23 billion in total assets and 326,000 members. In the lead up to the merger, Tasplan switched its MySuper product from lifecycle to single-strategy, and both funds raised their insurance premiums. MTAA increased its group insurance ...

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
Fees charged by MySuper products could halve over the next decade to a median of 0.5% per year, says Rainmaker Information which analysed the fees of 457 super products over the last six months. The research found MySuper products charged members median ...