Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 41 results for "MySuper offering"

Industry fund revamps MySuper offering

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise. EISS Super is switching its MySuper options from a "conservative balanced" portfolio to a "balanced ...

Corporate, industry fund merge

JAMIE WILLIAMSON  |  FRIDAY, 4 OCT 2019
A 47-year-old corporate superannuation fund has merged with a $16 billion industry fund. The Dow Australia Superannuation Fund (DowASF), home to just under 400 members, has merged with Equipsuper. Established in 1972, DowASF is the corporate plan of ...

Statewide Super confirms merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2019
Statewide Super is in advanced merger talks with two superannuation funds, confirming a Memorandum of Understanding has been signed. A spokesperson for Statewide Super told Financial Standard the fund is exploring a potential merger with WA Super and ...

MySuper milestones monitor industry movement

DARREN SNYDER  |  MONDAY, 11 SEP 2017
... investment strategy was Hostplus with an annual return of 13%. For lifestage options, the AMP Super Directions MySuper offering was ranked number one for both members aged up to 40 years and between 41 and 49 years, posting returns of 14.4% and 13.7% ...

Time to review MySuper effectiveness

DARREN SNYDER  |  FRIDAY, 1 JUL 2016
A superannuation advisory group says now is an opportune time for funds and members to review MySuper offerings and question whether it's the solution they were looking for. One of superannuation's largest reforms, the transition of default members ...

Legalsuper names new CIO

MARK SMITH  |  MONDAY, 1 JUN 2015
... to strong investment performance, the fund has managed to lower the aggregate fee for a $50,000 balance in its MySuper offering by 19% since the end of last financial year. Smith will play a lead role in advising the investment committee and board on ...

ACCI calls for end to super in awards

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
The campaign to keep super in awards suffered another setback on Thursday when the Australian Chamber of Commerce and Industry (ACCI) renewed calls for an end to the Fair Work Commission's involvement in selecting default funds. The call, made at the ...

Industry responds to super fees study

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
... address the fact that, while retail funds have traditionally been much more expensive the industry funds, ANZ's MySuper offering is currently the cheapest on the market. None of the industry bodies addressed the Grattan Institute's recommendation for ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The removal of super from modern awards could see the big banks employing illegal or dubious methods to get new employers to sign up to their MySuper products, according to Cbus chief executive David Atkin. Currently, super funds wishing to provide ...

AMP to launch integrated mobile app

JAMES FERNYHOUGH  |  FRIDAY, 31 JAN 2014
... goals" approach to retirement savings, rather than a peer group comparison of performance, as part of its new MySuper offering. Success will be measured less by return on investment, and more on whether the member is on track to meet expected retirement ...