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Showing 21 - 30 of 202 results for "MySuper option"

Cbus hits $100bn in member assets

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... generated returns of 10.77% for 2024. The fund's High Growth investment option, returned 13.78% for the year. The MySuper option has generated returns of 7.83% p.a. and 7.53% p.a. over 10 and 20 years, respectively. Cbus chief investment officer ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... idling in products that attracted higher fees and commissions to financial advisers that would have been banned in a MySuper option. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a ...

TelstraSuper and Equip Super merger to go ahead

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... annum from the effective date of the merger of the two funds. In time, members will also benefit from a single MySuper option which will be developed with the fund's unique member characteristics in mind, the funds said. The investment menu will ...

Australian Retirement Trust primed for growth: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... now on future growth, and it expects ART will manage at least $500 billion by 2030. The research house gave ART's MySuper option a Gold Medalist Rating, as with the High Growth, Conservative, and Balanced Risk Adjusted options, while its Conservative ...

Super funds 'playing to their strengths' in private markets

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... assets but did not adjust other options with exposure to the same underlying unlisted assets - including HESTA's MySuper option - until a week later. "The superannuation fund experience demonstrates that private assets can play a positive role for individual ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... assets but did not adjust other options with exposure to the same underlying unlisted assets - including HESTA's MySuper option - until one week later. APRA was concerned that the fund's decision making processes for out-of-cycle revaluations ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... reflected in prices - building strategic resilience across investment options. "Compared with other funds, our MySuper option generally suffers smaller losses when markets are falling but still captures a significant proportion of the gains when markets ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... fees and costs for most ready-made investment options from October 1, with total investment fees and costs on the MySuper option to drop from 0.91% to 0.81%. According to Rainmaker Information, the average total investment fees for a retail MySuper product ...

CareSuper returns 8.54% for default members

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
CareSuper's MySuper option returned 8.54% for FY24, receiving a boost from its investment in global shares. CareSuper reported positive returns in most categories except for its direct property option, which has been negative for two consecutive ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... pay close to $11 million, as it continues to identify super members whose contributions weren't directed to a MySuper option when they should have been. APRA has agreed to accept the undertaking from OnePath, after it continued to identify more superannuation ...