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Search ResultsShowing 31 - 40 of 100+ results for "MySuper"
AMP Life, AMP Capital fined
ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications ...
ASIC drags CFS to court over MySuper
ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications ...
MLC changes super fees, adds menu
KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... products with higher fees and paying commissions to financial advisers that would have been banned if they were in a MySuper product, Financial Standard reported in January.
Lack of independence must be made clear: ASIC
ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... accounts be renewed annually. The recommendation states that the deduction of any advice fee from super accounts, excluding MySuper accounts, should be prohibited unless the requirements about annual renewal, prior written identification of service and ...
Super women: Female-led funds on top
ALLY SELBY  |  FRIDAY, 6 MAR 2020
... life. That's according to the latest data coming out of Rainmaker Information, which found that female-led funds with MySuper products perform better than their male-dominated counterparts. Funds with MySuper products have an average of 38% female ...
Northern Trust climbs custody league tables
HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
... equity, debt and infrastructure. "For example, for funds that disclose their allocation benchmarks, the APRA Quarterly MySuper Statistics for December 31 2019 show unlisted equity allocation targets range from 0% to 12%. The asset weighted average was ...
Advice groups criticise rushed legislation
ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... that this has created an unequal playing field. "The AFA does not support the proposed ban on adviser service fees in MySuper," it said. "We believe that this will disadvantage MySuper members who should have access to financial advice and should not ...
Fight for MySuper advice fees kicks off
ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... advice industry groups are being joined by superannuation funds in a fight to retain the ability to charge advice fees to MySuper members as the government implements recommendations from the Royal Commission. Draft legislation currently open for consultation ...
Super chief opposes SG increase
ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
... sustained" under-performance is a risk where the total value of SMSF is equivalent to the amount invested in highly regulated MySuper products. "Of the total superannuation assets of $746.2 billion, 25.5% are invested in SMSFs. This is nearly the same ...
What SMSFs will look like in 2030
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... Australia attacking SMSFs," Rice said. "I hope that in 10 years we might have one body representing all of super." Rice said MySuper will most likely evolve to be a product for "disengaged" Australians, especially younger people who aren't thinking about ...
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