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Showing 21 - 30 of 35 results for "MySuper account"

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... default fund will be viewed by weaker industry funds as a savage blow. So too will the proposed limitations on using MySuper account balances to pay for advice and 'treating' employers. As a result of the RC's recommendations many retail ...

MySuper milestones monitor industry movement

DARREN SNYDER  |  MONDAY, 11 SEP 2017
... MySuper product performance. Complementing this was the final transition of all workplace default members to a MySuper account. Excluding self-managed super funds, MySuper now accounts for more than 40% of super assets or $595 billion. Rainmaker analysis ...

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
Permitting the entrance of further competition in the superannuation marketplace would reduce fees by $292 million per year across 14 million MySuper accounts. A report issued by Deloitte Access Economics (DAE) finds that the facilitation of choice ...

MySuper fee savings can be doubled

MARK SMITH  |  THURSDAY, 6 AUG 2015
... the Grattan Institute. The Institute's productivity growth program director, Jim Minifie, said that the average MySuper account with a balance less than $50,000 is being administered for a cost of around $210 per year but his research shows it should ...

Super sets sights on $2tr

ALEX DUNNIN  |  THURSDAY, 20 NOV 2014
Superannuation assets climbed 10% in the 12 months to end September 2014 to reach $1.871 trillion and are on track to break the $2 trillion barrier by March next year. MySuper accounts for 33% of institutional super funds surveyed by APRA or $375 billion ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... Australian Prudential Regulation Authority (APRA), commissioned by Industry Super Australia (ISA), found that MySuper account balances represent only 44% of the estimated total of default option account balances in workplace funds operated by retail ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors. The Financial Services Council (FSC) claimed that the figures, released yesterday by the Australian Prudential Regulation ...

Super fees drop as fund war rolls on

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... the financial adviser is there to help clients who need it, but consumers don't need the adviser to set up their MySuper account in the first place," Brackenrig said. Retail funds are lowering their fees and threatening the perception that industry funds ...

Top AMP exec leaves to join BT

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... Cooper said that Howes' priority will be to develop products that encourage Westpac bank customers switch their MySuper account to BT. "Across the Westpac Group brands we have eight million Australians who have a MySuper product with another provider," ...

MySuper flips members out of millions: CSSA

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
MySuper may be leaving some disengaged members with much lower life insurance cover thanks to a new form of 'flipping', the Corporate Super Specialists' Alliance (CSSA) has warned. The practice of flipping members from less expensive corporate super ...