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Showing 401 - 410 of 1260 results for "MySuper"

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
The $140 billion superannuation fund is changing its MySuper lifecycle option from two stages to 11. About 85% of Aware Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... consent prior to deducting fees for their services. The legislation also bans the deduction of ongoing advice fees from MySuper products. Treasurer Josh Frydenberg and minister for superannuation, financial services and the digital economy Jane Hume ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... The number of employees was slashed from 3900 people to just 1300 at the time. At the end of FY20, Toyota Super's MySuper option returned -0.80% per annum; over five and 10 years it generated 5.2% p.a. and 7.3% p.a. respectively. The product has ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... superannuation funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at eight mergers that ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... in the superannuation system", the explanatory memorandum reads. The bill covers four key areas: stapling; addressing MySuper funds' underperformance; launching the YourSuper comparison tool; and the best financial interest duty. Under the new stapling ...

Cbus appoints three investment heads

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
... retirement savings of our members," Cbus chief investment officer Kristian Fok said. Cbus has the fifth best-performing MySuper option as at November end, with 4.2% p.a. returns. It was outstripped by Australian Ethical Super's default fund (6.1%p.a.) ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
New Rainmaker research has found being a member of a typical lifecycle MySuper product could reduce a person's retirement savings by up to 23% by age 70. The research found that if a member were to stay in a typical lifecycle MySuper product for their ...

Super concerns over legislation: Schroders

ANNABELLE DICKSON  |  FRIDAY, 22 JAN 2021
... benchmarking test. As announced in the 20/21 federal budget, the performance benchmarking tests the net investment performance of MySuper products and is slated to commence from 1 July 2021. The products that have underperformed APRA's standards over ...

MySuper eyes growth asset returns

KARREN VERGARA  |  MONDAY, 18 JAN 2021
MySuper products are achieving near growth-like returns yet incurring investment risk closer to that of balanced products on average, new research shows. Rainmaker's latest RMetrics report found the 55 MySuper funds analysed delivered three-year ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... start seeing the benefits of the merger," she said. Tasplan recently told members of its plans to switch from lifecycle MySuper to single strategy, citing higher administration costs for the lifecycle among the reasons. MTAA Super runs its default superannuation ...