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Showing 31 - 40 of 53 results for "MySuper funds"

FSC salutes choice reforms, ISA calls for more transparency

ALEX BURKE | FRIDAY, 18 MAR 2016

... Loane supported the Superannuation Legislation Amendment (Choice of Fund) Bill 2016, which will allow APRA-approved MySuper funds to enter the default super sector. "The legislation is consistent with the FSI recommendation that individuals be allowed ...

Lifecycle funds startlingly varied

MARK SMITH | MONDAY, 25 JAN 2016

... allowed to opt as the default MySuper option. The analysis found that life cycle funds represent around a third of all MySuper funds under management (which themselves represent around a third of assets in all APRA-regulated funds) and over 4 million ...

MySuper assets rise strongly

MARK SMITH | MONDAY, 14 DEC 2015

... retail lifecycle funds represented 1.98 million member accounts, with additional members in single strategy retail MySuper funds. As the balances accumulate for the members in these new retail accounts it is likely that the assets share of MySuper of ...

OPINION: Super is Murray's big rock

ANDREW BRAGG | WEDNESDAY, 18 NOV 2015

... has not been subject to competition. With the average super fund member charged 1.10% in fees, there are dozens of MySuper funds which are banned from competition. The incumbent default funds - 88% of which are industry super funds - will have to work ...

Super fund members switching at record rates: research

DARREN SNYDER | MONDAY, 6 JUL 2015

... retirement situations. The report said many self-managed superannuation funds (SMSFs) are likely to underperform MySuper funds this year, as their average exposure to overseas listed equities is 7% of assets on average, far less than MySuper funds which ...

Groups call for default super fund decoupling

DARREN SNYDER | TUESDAY, 26 MAY 2015

... conditions on behalf of their staff and often subsidise fees or pay insurance premiums for their employees. "Some MySuper funds do not allow this structuring to occur and do not recognise the employer in the superannuation relationship at all," Latto ...

ISA urges government to keep super safety net

ALEX BURKE | FRIDAY, 24 APR 2015

... arguing that scrapping it would collectively cost employers $1.8 billion. Dropping the safety net would allow retail MySuper funds to compete in the default superannuation sector, but ISA's statement said it would "impose a time-consuming financial and ...

Government needs to allow retail default super

ALEX BURKE | THURSDAY, 23 APR 2015

... submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles retail competition with industry funds, FSC ...

Super governance at centre stage

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS | WEDNESDAY, 11 MAR 2015

... should guarantee choice to consumers, employers should be allowed to select a default fund from all APRA authorised MySuper funds. More competition will increase fee pressure without diminishing consumer protection. Despite the clear case for change ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH | FRIDAY, 3 OCT 2014

... APRA report confirms that just $13 billion of savings in bank-owned and other retail funds has been transferred to MySuper funds, with $77 billion dollars of workers default super savings remaining in higher cost super funds so that banks can maximise ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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