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Showing 401 - 410 of 560 results for "MySuper Product"

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
... report stated: "[E]ach fund would be required to compete for new workforce entrants to be allocated to the fund's MySuper product, thereby building on the MySuper framework. Individuals would retain the right to exercise choice. Employers would no longer ...

Banks should hold more capital: Murray

AAP  |  SUNDAY, 7 DEC 2014
Australian banks should be forced to hold more capital to minimise their risk of failure and improve competition, the Financial System Inquiry has found. The final report of David Murray's blueprint for the future of Australia's financial system, released ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

Super returns dip in September quarter

JAMES FERNYHOUGH  |  FRIDAY, 28 NOV 2014
Super funds saw a further dip in returns in the September quarter, on average falling by between 60 and 80 basis points compared to the June quarter, according to the second batch of MySuper statistics released by the Australian Prudential Regulation ...

HOSTPLUS named super fund of the year

JAMES FERNYHOUGH  |  FRIDAY, 21 NOV 2014
... the Year for 2014. HESTA was the other big winner at this morning's awards held in Melbourne, taking both the MySuper product of the year award and the industry service award, which went to chief executive Anne-Marie Corboy in recognition of her 35-year ...

Retail MySuper transition too slow: ISA

STAFF WRITER  |  TUESDAY, 11 NOV 2014
Less than half of retail workplace default account balances have been transferred across into MySuper products, raising concerns the slow retail MySuper transition is costing retail super fund members hundreds of millions of dollars in extra fees. Rainmaker ...

Super returns dip to 9.0 pct

STAFF WRITER  |  TUESDAY, 4 NOV 2014
The SelectingSuper MySuper (ie Workplace) rolling 12 month performance index fell sharply during September to return 9.0% compared to 11.1% at end July and 10.6% at end June. Three year super fund average annual returns are, however, higher at 11.7% ...

Retail funds deny relying on passive investment

JAMES FERNYHOUGH  |  THURSDAY, 23 OCT 2014
... retail superannuation funds have rejected claims that they are relying on passive investment strategies to keep MySuper product costs down, confirming they have a significant allocation to active managers. Colonial First State head of investment services ...

MySuper fees approaching KiwiSaver best practice

STAFF WRITER  |  TUESDAY, 21 OCT 2014
While there is lots of self flagellation over super fund fees in Australia, Australian fund fees may be closer to best practice than we realise. In a submission to the Financial Systems Inquiry (FSI) by the New Zealand Council of Financial Regulators ...

AFA to lobby for MySuper opt in arrangement

LAURA MILLAN  |  FRIDAY, 17 OCT 2014
The Association of Financial Advisers (AFA) is concerned that mandatory transfer to default MySuper products could lead to consumers losing their existing insurance arrangements and asked for an opt-in arrangement to MySuper. AFA chief executive Brad ...