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Showing 21 - 30 of 54 results for "MySuper members"

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
... expand its menu, LGIAsuper has reduced fees across most of its investment options, including by more than 30% for MySuper members. Effective March 31, the total of investment and administration fees have been reduced across LGIAsuper's MySuper, Aggressive ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... members. However, APRA has made several determinations, including that AMP's failure to provide over 2000 MySuper members with default insurance cover between 2014 and 2019 is likely a breach of the SIS Act, and that AMP did not effectively ensure ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... with its in-depth investment expertise to support CFS' efforts to deliver enhanced investment outcomes to its MySuper members," Landman said. "We have a strong heritage in serving Australian superannuation entities and we recognise it is a great responsibility ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... Occupational exclusions in default insurance policies affect the automatic acceptance of default cover for some new MySuper members and may also have significant consequences where a member changes occupation, Senator Jane Hume said. The FSC said Australians ...

AMP reduces super fees

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
... make significant savings. As a result of consolidating its superannuation products from 11 to three, AMP's MySuper members will see an 8% drop on average across dollar administration and investment fees. Those in Choice products will see an average ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... MySuper product FirstChoice was recently named among the 13 funds that failed APRA's first performance test for MySuper members. On the day CFS was slated to receive the results (and a day before APRA posted the results more widely), it announced ...

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... Occupational exclusions in default insurance policies affect the automatic acceptance of default cover for some new MySuper members and may also have significant consequences where a member changes occupation, Hume said. The review will focus on life ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... exactly why the fund has overhauled its approach. "We had a strategy in place that was more defensive for our MySuper members, and when the Global Financial Crisis hit and 25% of members went to cash, that showed us that we had to be very conscious of ...

Hostplus delivers 21.3% to members

KARREN VERGARA  |  THURSDAY, 15 JUL 2021
The industry superannuation fund has delivered 21.32% per annum for its MySuper members, the majority of which are invested in this option. The $68 billion Hostplus said the result for its MySuper (Balanced) option is its "best-ever single-year performance" ...

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
... Default insurance in superannuation report shows. ASIC's review of the group insurance market found that two MySuper members will receive different covers at varying prices. For example, a 30-year-old woman's total premium varied by 25 times ...