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Showing 411 - 420 of 568 results for "MySuper product"

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 ...

Low cost retail jumps 82pct

STAFF WRITER  |  MONDAY, 13 OCT 2014
While Rainmaker estimates the low cost retail segment to amount to less than $10 billion, the segment is inline for rapid growth underpinned by the MySuper transition and impact of FOFA. Rainmaker has just released its June 2014 Advantage report containing ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors. The Financial Services Council (FSC) claimed that the figures, released yesterday by the Australian Prudential Regulation ...