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Showing 381 - 390 of 398 results for "MySuper products"

Disclosure regulations unnecessary: FIRSTSUPER

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
... will take a keen interest in how disclosure will be made to members and potential members about the features of MySuper products including fees and insurance. This is particularly important for disclosure for members who will be transitioning into the ...

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
... January 20. "We believe that APRA should only be responsible for licensing the ability of the trustee to offer MySuper products, which would be a natural extension of its current role in licensing trustees," BTFG wrote. "The proposed approval process ...

ASFA warns on unseen MySuper outcomes

ELISE BURGESS  |  THURSDAY, 19 JAN 2012
... annual review to ensure that the trustee is acting in the best interest of all fund members, both in and out of MySuper products, through a pooled asset test. Otherwise there is a risk that trustees will chase short-term positive results instead of holding ...

Stronger Super draft needs clarity

ELISE BURGESS  |  TUESDAY, 17 JAN 2012
... in breach of the financial interests test. Additionally, AIST asked that the financial interests comparison of MySuper products should be based on net returns to members together with a standardised risk measure and not include ancillary services to ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... that Trustees must carry out an annual check of their "scale", with scale defined as Assets and Members. All MySuper products must also set an investment return target of ten years according to the legislation, with an onus on the MySuper investment ...

MySuper Mythconceptions

ALEX DUNNIN  |  TUESDAY, 22 NOV 2011
... were initial fears that super funds would have to fundamentally re-arrange their internal structures to offer MySuper products, this is no longer the case. For example, funds will be required to quarantine the member reporting for members who are invested ...

MySuper legislation introduced

ELISE BURGESS  |  FRIDAY, 4 NOV 2011
... Administration Act 1992 and the Superannuation Industry (Supervision) Act 1993 to establish the core framework for MySuper products," said Shorten. Currently there are no monthly statements for super fund fees, yet Shorten said members are paying around ...

Government publishes core elements of MySuper draft

MATT WOODINGTON  |  FRIDAY, 30 SEP 2011
... it would consult further on a mechanism to allow this period to be extended in certain, limited circumstances. MySuper products will have a single diversified investment strategy offered at a standard set of fees available to all members, however funds ...

MLC head calls for truce after laying blame at industry funds door

MATT WOODINGTON  |  THURSDAY, 22 SEP 2011
... reforms policy, Tucker expressed concern that a league table comparing the different options and costs across MySuper products could result in a "race to the bottom," with a focus on fees at the expense of after fee returns. Tucker said that the most ...

Boost for corporate sector as Stronger Super details emerge

MATT WOODINGTON  |  WEDNESDAY, 21 SEP 2011
... has resulted in the majority of recommendations being agreed to by the superannuation industry," said Shorten. MySuper products will have a single diversified investment strategy offered at a standard set of fees available to all members, however funds ...