Search Results | Showing 31 - 40 of 568 results for "MySuper product" |
| | | ... $23 million has been set aside to remediate super fund clients whose contributions weren't directed into a MySuper product when they should have been; this conduct has also led to Insignia Financial entering a court enforceable undertaking with APRA ... |
| | | | ... identify more superannuation members that were impacted by its failure to direct default contributions into a MySuper product. It has also been issued a $10.7 million infringement notice. According to APRA, the entity has committed 684 offences of "failure ... |
| | | | ... robust and, indeed, returns have also been strong across other asset classes," Graham said. "Older members with our MySuper product also take great comfort from the lifecycle approach, knowing the risk in their investments is pared back as they approach ... |
| | | | The prudential regulator is reminding trustees that managed accounts and separately managed accounts (SMAs) are high on its radar when administering the performance test. APRA told trustees that SMAs and other managed accounts can fall into the TDPs ... |
| | | | Expensive retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows. KPMG found that admin fees for MySuper products have come down from 0.33% to 0.26% ... |
| | | | The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard. Mercer associate Kieran Chu said while the Your Future ... |
| | | | championing its effectiveness in eliminating underperforming investment options and improving member outcomes. "At present, it is the only option presented that is objective, efficient, and timely to administer for both APRA and super funds and has ... |
| | | | ... to 30 June 2023 were $134 billion, while $76 billion was paid out in benefits. The average account balance in a MySuper product is just shy of $64,000, while the average balance overall is $111,380. |
| | | | Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ... |
| | | | APRA has released new insights into superannuation product performance, revealing that most on-platform trustee directed products (TDPs) underperform their benchmark and exhibit higher administration fees. The prudential regulator's analysis based on ... |
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