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Showing 21 - 30 of 73 results for "Default MySuper"

Lutheran Super merger imminent

JAMIE WILLIAMSON | TUESDAY, 16 AUG 2022

... Mercer Funds since 2017. Rainmaker Information data shows that, in the 12 months to June 30, Lutheran Super's default MySuper option returned -1.8%, ranking sixth overall. Over three years it ranks eighth on 5.3% and over five years it's returned ...

Median MySuper returns of -2.8% expected

JAMIE WILLIAMSON | TUESDAY, 5 JUL 2022

Single strategy, default MySuper options are likely to deliver the fourth worst result in 35 years for the financial year just gone. According to the Rainmaker MySuper Index, default MySuper options are expected to see a median return of -2.8% for the ...

Rest cuts administration fees

JAMIE WILLIAMSON | THURSDAY, 30 JUN 2022

... services to our members." Using data from last financial year, Rainmaker Information estimates the average fees for default MySuper products sits at 1%. Since 2011 and 2021, super fund fees dropped by a quarter, with about half of the reductions seen ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON | THURSDAY, 9 DEC 2021

... funds that raised fees, 90% of these involved investment fees going up." Previous research by Rainmaker shows default MySuper fees have dropped to an average of 1%. In the last decade, super fees have fallen by a quarter, with about half of the action ...

APRA to weed out underperforming choice products

KARREN VERGARA | FRIDAY, 29 OCT 2021

... June 2020 figures) of the APRA-regulated superannuation sector. They are typically more complex and varied than default MySuper products, making comparisons more challenging, Cole said. "The new Choice Product Heatmap will make clear which trustees have ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON | WEDNESDAY, 20 OCT 2021

... have fallen by a quarter, with about half of the action taking place in the last three years alone. Six in 10 default MySuper products reduced fees in 2020/21, with fees now averaging 1% overall. The average default MySuper product now charges 1.08% ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD | WEDNESDAY, 8 SEP 2021

... communication (via letters and calls) may have encouraged members to stay in FirstChoice instead of switching to the default MySuper product. The incidents relate to the period between 18 March 2014 and 21 July 2016. The Royal Commission referred the ...

MySuper performance soars

ANNABELLE DICKSON | FRIDAY, 9 JUL 2021

... annual financial returns in over three decades, new research shows. The latest data from Rainmaker Information's Default MySuper Index recorded 2020/21 financial year returns of an average of 18%, after all fees and taxes. According to Rainmaker, the ...

Hostplus holds on to MySuper top spot

KANIKA SOOD | WEDNESDAY, 9 JUN 2021

... sector median of 1.0% while the cash index dropped to 0.0% for same period," Rainmaker said in a report. Among default MySuper single-strategy options, Hostplus came out on the top with 24.4% in the year to April end. Hostplus' returns made a comeback ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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