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Showing 471 - 480 of 1260 results for "MySuper"

Australian Ethical posts record results

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... has reported record inflows of $660 million for the financial year, telling Financial Standard that it's balanced MySuper offering returned 6.9% net of fees for the quarter. For the 2020 financial year, Australian Ethical's balanced option returned ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Consumers Australia referred to this as discrimination against those working limited hours. Suncorp's insurance in its MySuper product was highlighted as one of the most restrictive, requiring a person to be employed for 15 or more hours per week "on ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... and where their accounts cannot be linked due to outdated administration platforms," it said. "Further, shifting from MySuper into a retirement product is tedious with cumbersome paperwork." Rice Warner said as APRA funds look to providing advice for ...

ATO can make cost of advice cheaper: Asher

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... that more direct government intervention may be required - just like the introduction of the Superannuation Guarantee, MySuper and even Account Based Pensions," Asher said in the recently-published dialogue paper titled: Developing the Retirement Income ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... Australia's superannuation system recuperating much of their losses in lighting speed. "Rainmaker estimates its SelectingSuper MySuper index for FY 2019-20 will come in at -0.7%," he said. This is based on Rainmaker's full sample up to end of ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... formed the view that CFSIL's decisions not to bring the migration of certain cohorts of its FirstChoice members into MySuper products forward from just prior to the legal deadline, and to grandfather certain fee arrangements, may not have been in ...

Super for women under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... to cover its additional services. Verve offers a single investment strategy, Verve Super Balanced, and does not offer a MySuper product. The fund charges a $1.80 a week administration fee, amounting to $93.60 a year plus 0.79% per annum. The $93.60 fee ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday members have received about $2.6 million in compensation after two third-party ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... optimistic". "The layperson would not understand the peer differences in asset allocation and risks taken; the information in MySuper disclosure documents necessarily is dumbed down to meet broad community levels of financial illiteracy," Rice Warner ...