Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 481 - 490 of 1260 results for "MySuper"

Volatility wreaks havoc with heat map measures

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... analysis shows the relationship between risk and return has practically vanished, leaving many funds exposed to APRA's MySuper heat map investment performance measure. New analysis prepared by Frontier Advisors principal consultant David Carruthers reveals ...

Industry fund in successor fund transfer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
... to long term. The transfer will result in a reduction in both administration and investment fees for members, in both MySuper and Choice options. In addition to cost benefits, Smartsave was apparently selected as the preferred fund as it can also provide ...

AustralianSuper gives Rio Tinto slap on the wrist

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... direct options. The majority, 79% or $715 million, of that holding comes from member money in AustralianSuper's default MySuper investment option. The mining giant is the fund's 10th largest Australian equities holding. "We've had two or ...

Industry funds continue risk-adjusted domination

HARRISON WORLEY  |  FRIDAY, 12 JUN 2020
Industry superannuation funds have continued to dominate Rainmaker's league tables for risk-adjusted MySuper returns, despite an ethical retail fund muscling its way into the top 10. Industry super funds took all but one of the top 10 positions ...

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... during the quarter, according to the ABS. However, super fund members received good news this week when Rainmaker revealed MySuper options posted their second consecutive month of positive figures in May, as markets set about reclaiming the ground lost ...

MySuper goes back-to-back in the black

HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
For the second consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic. Latest Rainmaker research shows the average return for MySuper products in May was 2.1%, which ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Asgard super is for platform customers, it is more difficult to sell down investments for early release than it is for MySuper products and the like. "For certain types of products, when a member seeks to withdraw their funds from their super account ...

APRA pushes for super fund consolidation

JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
... amend trust deeds in relation to mergers, rather than abandon the idea completely. However, transfers of members between MySuper produces will, in almost all cases, satisfy the equivalency test given MySuper products are legally required to have the ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... markets were sent into meltdown in response to the pandemic. This however compares to an 11% fall in the SelectingSuper MySuper and Default performance index over the same period. Barely inches from touching the $3 trillion mark in December, the super ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... Right lane's arguments seem fair enough and are hard to argue against, though pointed out the firm appeared to focus on MySuper, thus tilting it toward not-for-profit funds. "It's hard to have a serious debate about efficiency in the superannuation ...