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Showing 31 - 40 of 387 results for "Retail super"

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... delivered 6.2% worth of five years annualised returns, while retail funds achieved 4.8%. Interestingly, there are 76 retail super fund providers, down seven from a year ago, while there are only 26 industry super funds, which have only lost two providers ...

Super fund ASX dominance stable: Research

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
... shares owned though NFP funds increased 108% between 2013 to 2022, the nominal value of ASX shares owned through retail super funds increased only half as fast, by just 56%," Rainmaker said. "Given ASX market capitalisation increased 106% through this ...

Top rated superannuation products in Australia revealed

ANDREW MCKEAN  |  TUESDAY, 11 APR 2023
... AAA-rated products consist of 68 workplace products (43%), 36 personal products (23%), and 54 retirement products (34%). Retail super funds accounted for 28% of AAA-rated products, with not-for-profits, including industry funds, public sector funds ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
Following a series of successor fund transfers, the Aracon Superannuation Fund is set to be wound up. Spread across four divisions - ARA Retirement Fund, Xplore Super and Pension, Oracle Superannuation Plan, and Elevate Super - Aracon Super holds $590 ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... have migrated to self-managed super funds (SMSFs), Rainmaker Information said. This is another case study of how retail super has lost the superannuation war, it added. According to the ATO, SMSFs with balances over $5 million account for only 4.7% of ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
Industry super defied the odds by growing its asset pool by 14% at the end of 2022 while other sectors contracted. According to APRA's latest statistics, industry super fund assets reported double-digit growth to reach $1.1 trillion compared to the ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
Superannuation funds could soon break free from the shackles of intra-fund advice but financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... Growth Portfolio was the best performing aggressive growth option while OnePath OptiMix Balanced was the worst. 3. Retail super to be wound up At the start of the year, Equity Trustees Superannuation decided to wind up CUBS Superannuation. In March ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
The annual MySuper heatmap shows there are six products that had significantly poor performance in relation to the benchmark. EISS Super's MySuper option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper ...

SMSF growth slows, allocations shift

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... years ending March 2022, their total assets had grown only 5.4% per annum, while NFP funds grew at a rate of 10.1%. Retail super funds grew even slower than SMSFs, increasing just 3.1% per annum. Despite these dampened metrics, Rainmaker Information ...