Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 234 results for %22total MySuper%22

Experts weigh in on Brookfield bid for Origin

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2022
... shareholders in Origin Energy. Rainmaker Information has conducted preliminary research of super fund portfolio holdings in MySuper default options and found that within MySuper, funds hold $1.6 billion in Origin stock alone. MySuper options constitute ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... key selling point of the product is its low-cost, including no dollar-based fees. The lifecycle option comes in at 0.58% total fees per annum which, according to Rainmaker analysis, makes it the cheapest in market for a $50,000 balance - but only just. ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... investment strategies. "The portfolio continues to be positioned moderately below a neutral risk setting." The Future Fund's total funds under management sits at $241 billion. Meanwhile, as previously reported by Financial Standard, in its maiden budget ...

Quantifying the value of a financial adviser

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... investors are being pressured into sub-optimal investment decisions but having a financial adviser could add more than 4% to total portfolio value. So, even though advice fees have jumped 16% in FY22, from $3656 to $4685, Russell Investments' analysis ...

NGS Super increases death, TPD premiums

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
The fund is increasing death and total and permanent disability insurance premiums following an increase in claims in recent years. Premiums for death and TPD will increase for most members from November 9. A 30-year-old member with a sum life/terminal ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... will be engaging with the four trustees to ensure members achieve better outcomes as quickly and safely as possible. In total, APRA assessed 69 MySuper products with 93% passing. Further, five of the products that failed last year's test passed this ...

Lutheran Super merger imminent

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
... following the release of its second annual member outcomes assessment. In that assessment, the trustee acknowledged that its total fees were slightly higher than some competitors and that it's below the median in terms of size and number of members ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average. Rest's asset-based admin fees, which are capped at $300, have been ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... Individuals will still need to meet the work test to be eligible for a tax deduction for personal contributions and have a total superannuation balance (TSB) of less than $1.7 million. The abolishment presents "significant opportunities" for older Australians ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
APRA's latest quarterly superannuation performance statistics show the industry's total assets increased almost 10% over the past year. Super assets totalled $3.4 trillion at the end of March 2022, a 9.7% increase from the year prior. The total assets ...