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Showing 31 - 40 of 73 results for "default MySuper"

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... improve, there's real risk that pressure could grow for the regulator to prohibit them from being offered as default MySuper products."

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... market indexes represents almost half of all superannuation assets." The report also revealed that one-third of default MySuper products are tracking below their investment objectives. The report compared super fund asset class sector average returns ...

Three in a row for NSW? MySuper says so

JAMIE WILLIAMSON  |  WEDNESDAY, 4 NOV 2020
... performance over 10 years backs the experts' thinking - the Blues are set to make it three in a row. In the default MySuper stakes, NSW comes out on top, with funds ranking inside the top 10 on a one, three, five, seven and 10-year basis. In fact ...

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... leaves superannuation open to claims it's a product designed only for old people," the report read. "In 2020, default MySuper products charged on average 0.15% p.a. for administration, 0.8% p.a. for investment management and $78 p.a. for member account-keeping." ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... surprising many in the industry. But, Hume insisted reform was necessary - especially to enhance the performance of default MySuper products. "There are over 90 MySuper products, which are supposed to be the most basic that people get defaulted into," ...

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
Default MySuper products delivered negative returns in the 2019/2020 financial year, but the results weren't as bad as they could have been. According to the Rainmaker MySuper investment performance index, MySuper products delivered an average return ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... funds going cash flow negative does not mean that members lose money. Rainmaker expects super fund returns in default MySuper options to remain relatively buoyant despite taking a hit from the pandemic.

AustralianSuper gives Rio Tinto slap on the wrist

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... direct options. The majority, 79% or $715 million, of that holding comes from member money in AustralianSuper's default MySuper investment option. The mining giant is the fund's 10th largest Australian equities holding. "We've had two or ...

Industry fund revalues unlisted assets

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
... classified unlisted property and unlisted infrastructure as 100% growth," Statewide said. "We've also named our default MySuper option simply "MySuper" for the accumulation version and "Growth" for our pension product. "For most of the time this was ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications ...