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Showing 391 - 400 of 568 results for "MySuper product"

Groups call for default super fund decoupling

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
... superannuation funds. Bendigo Wealth executive John Billington weighed in saying the company's APRA authorised MySuper product should automatically be eligible to be a default fund irrespective of modern awards. "Logic dictates that we should be able ...

Australia's super pool now more than $2 trillion

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
Australia's total superannuation assets grew by 3.6% in the first quarter of 2015, now standing at more than $2 trillion, official data shows. The latest Australian Prudential Regulation Authority (APRA) figures also show that total assets in MySuper ...

APRA releases super performance profiles

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
The Australian Prudential Regulation Authority (APRA) said it will continue to ensure confidential information of superannuation institutions cannot be derived from the regulator's published statistics. The pledge came in a recent APRA letter to Registrable ...

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... said. "All employees should be able to exercise choice of fund and all employers should be able to choose any MySuper product to be the default fund for their workplace." Loane added that in the Financial System Inquiry, choice and competition were at ...

Superannuation trustees under the spotlight: APRA

DARREN SNYDER  |  THURSDAY, 30 APR 2015
Some of the trustees of APRA regulated super funds lack understanding of their fund's investment strategy and underlying investments, according to Australian Prudential Regulation Authority (APRA) member Helen Rowell. Speaking at a recent banking and ...

APRA releases super reporting standards

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
The Australian Prudential Regulation Authority (APRA) has released 31 reporting standards for the superannuation industry, five of which are still open for further consultation. The final reporting standards will commence on 30 June or 1 July and changes ...

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
In its final Financial System Inquiry (FSI) submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
Following on from its controversial "Super Sting" report in 2014, Grattan Institute has released a new report that continues to argue Australia's superannuation industry has excessive costs. The report, titled " Super Savings ", reiterates Grattan's ...

Rice Warner consultant criticises MySuper fee disclosure

ALEX BURKE  |  THURSDAY, 16 APR 2015
Rice Warner consultant, market insights Nathan Bonarius has criticised standardised fee disclosure for MySuper products, arguing it allows funds to distort their fee structures. Although Bonarius applauded the intent behind the standardisation of fee ...

Media Super doubles investment menu

STAFF WRITER  |  WEDNESDAY, 15 APR 2015
... investment solutions available throughout the industry fund segment through an investment arsenal that includes a MySuper product, a life cycle solution, five diversified choices, 17 sector choices, an ASX 300 direct share access facility, 13 exchange ...