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Showing 31 - 40 of 54 results for "MySuper members"

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... option. Effective June 2021, Aware will move its MySuper products from two age-based stages to 11 stages. All Aware MySuper members up to age of 55 will go into the multi-asset high growth option. Those above 65 will be invested in the balanced growth ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... and simplifying fee structures. From 1 April 2021, Mercer Super Trust will drop two sets of headline admin fees. MySuper members in Mercer SmartPath will see admin fees reduce from 0.55% to 0.34%. Choice members will see admin fees go from 0.60% to 0.39%. ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... so far has been that the publication of the MySuper heatmaps has been an effective prudential tool, with 42% of MySuper members seeing a reduction in fees and costs since the publication of the first heatmap. "This translates to 6.1 million members saving ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
... went on to explain the heatmap has been a "game changer" for transparency across the industry as more than 40% of MySuper members have had fees reduced since December. "The flip side, however, is that inaction, or inadequate action, by some funds has ...

Perpetual successor fund transfer to go ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... Perpetual MySuper accounts will be transferred to CareSuper on or around 30 October 2020. "We wrote to Perpetual MySuper members in March 2020 to advise of the transfer to CareSuper scheduled for 1 May 2020. Due to market volatility and uncertainty caused ...

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 ...

Perpetual exits MySuper

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
... ranked 11th over five years. "The trustee has determined that this transfer is in the best interest of Perpetual MySuper members as CareSuper is likely to provide benefits of scale and deliver better outcomes for members over the long term," Perpetual ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... 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 be forced to pay for it out of their bank accounts if they are unable ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... 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 ...

AustralianSuper ups admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
AustralianSuper will introduce a new fee for MySuper members from April 2020 to offset the impact of the Protecting Your Super changes. Effective April 1, AustralianSuper's members will start paying the 'Administration fee - Protecting Your ...