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Showing 421 - 430 of 568 results for "MySuper product"

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
... dollar coverage means approximately half of workplace default FUM has already been transferred across into the MySuper product class, a rate of transfer that is much faster than many industry commentators expected. However, according to APRA analysis ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
The Australian Prudential Regulation Authority (APRA) will treat MySuper product data as non-confidential, following a period of industry consultation. APRA said the industry "generally supported" APRA's proposal to treat data as non-confidential if ...

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager ...

First State Super cuts investment fees

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
First State Super has radically reduced the investment fees across its domestic and global equities and fixed interest investment options, in some cases by more than 80%. The previous investment fee, for example, of the fund's Australian Equities option ...

HOSTPLUS to launch lifecycle option

JAMES FERNYHOUGH  |  FRIDAY, 19 SEP 2014
Industry super fund HOSTPLUS will launch a lifecycle investment option next year, becoming one of the few industry funds to do so. Speaking in Sydney yesterday, HOSTPLUS chief executive David Elia said the new investment option will tailor its investment ...

Young Australians clueless about life insurance

JAMES FERNYHOUGH  |  WEDNESDAY, 17 SEP 2014
One in five younger Australians knows nothing about his or her life insurance through superannuation, a new report commissioned by the Association of Superannuation Funds of Australia (ASFA) has found. Overall the report found 40% of Australians had ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
Superannuation funds with MySuper products should be allowed to extend their default offering into retirement, and should include annuities in that offering, Challenger has told the Financial System Inquiry (FSI). In its second submission to the FSI ...

Super fees drop as fund war rolls on

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... executive John Brogden said. Research found that ANZ Smart Choice Super is currently the cheapest public offer MySuper product in the market, with a 0.6% fee, while ANZ Staff Super is the cheapest fund overall. ANZ managing director of global pensions ...

Submissions open for SuperStream pass through amendments

JAMES FERNYHOUGH  |  MONDAY, 4 AUG 2014
... fund must pass the contributions data on to the correct fund. "The effect of this is that each fund that offers a MySuper product must provide a service so that an employer who has chosen the fund as their default can deliver all contributions data to ...

Brogden rejects cross-selling enticement fears

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
Banks would not legally be able to offer incentives to business bank clients to entice them into their MySuper products, the Financial Services Council has said. The statement came in response to claims from Industry Super Australia that, in the event ...