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Showing 31 - 40 of 396 results for "MySuper products"

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... trail with 8.95% and 8.22% respectively. To put the investments in perspective, Rainmaker Information forecasts MySuper products to report an average return of about 9% for FY23. Even with a challenging investment climate, HESTA is adamant on maintaining ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
The recent surge in equities should see MySuper products return an average of about 9% for FY23, according to Rainmaker Information - a finding supported by those funds that already released figures. Modelling by Rainmaker shows superannuation returns ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... the total member assets held in APRA-regulated funds ($2.1 trillion), overshadowing the $875 billion held in MySuper products. But MySuper member accounts (14.1 million) outnumber Choice accounts (7.4 million). APRA data also revealed that of Choice ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... Anderson also critiqued the "forcefulness" of the notifications, suggesting they were unduly pushing clients towards MySuper products and encouraging change even when current arrangements might be perfectly acceptable. He urged for a more balanced communication ...

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
APRA is consulting on the need for it to make individual determinations for lifecycle MySuper products for which performance histories are required to be combined for the YFYS test. Currently, the performance test involves two situations where performance ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... in our submission to Treasury and the time periods used on the MoneySmart website and product dashboards for MySuper products," Scheerlinck said. "Although applying the test to trustee-directed products from this year broadens the scope of scrutiny ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... from the prudential regulator has demonstrated that this focus has reduced administration fees for consumers of MySuper products." Likewise, Super Consumers Australia (SCA) director Xavier O'Halloran praised the government's YFYS review for its ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... that the performance test has significantly reduced the likelihood that employees are stapled to underperforming MySuper products. It is important that members are insured appropriately, and the government will continue to work with stakeholders and ...

Women-led super funds outperform over medium, long run

JAMIE WILLIAMSON  |  TUESDAY, 7 MAR 2023
Women-led MySuper products have outperformed on average by a consistent 0.3% per annum over three, five and 10 years, new analysis shows. Rainmaker Information looked at the performance of 18 women-led MySuper products, being those with women in senior ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... The self-managed super funds sector was also down, declining 2.4% year on year to $880.6 billion. Meanwhile, MySuper products declined in line with the overall asset pool, dropping 3.1%to $917.3 billion. Australians' retirement savings shrank 3% at the ...