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Showing 541 - 550 of 1260 results for "MySuper"

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... its FY20 net profit as it trimmed its platform fees. This included lowering the investment management fees for lifestage MySuper products. In August, it halved the maximum trail commissions that advisers could collect for its nil-entry-fee (NEF) options ...

The secret to super outperformance

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... 57 of Australia's largest super funds - responsible for $1.75 trillion in assets under management. It compared the MySuper performance of funds employing responsible investment strategies to those without. The performance data reveals the MySuper ...

Industry fund overhauls MySuper options

JAMIE WILLIAMSON  |  THURSDAY, 5 DEC 2019
A $2 billion superannuation fund is making a number of changes to its MySuper investment options. It is also substantially dropping investment fees and costs while increasing those charged for admin from March 2020. GuildSuper has informed members it ...

Super funds to crack 13% by year end, retail leading

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
... funds are on their way to deliver 13% for the calendar year, and so far retail funds are outstripping industry funds' MySuper returns by 1.8%. The MySuper Index from SelectingSuper returned 10.9% for the 12 months to October end, which is similar ...

Fee changes at industry super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 DEC 2019
... will drop from 0.94% to 0.76% - a total cut of 0.16%. That's the highest fee cut across the options, with the balanced MySuper option getting a 0.12% cut, the stable option getting a 0.10% cut and the bonds option fees cut by 0.02%. Australian property ...

AMP given the boot by AFL

KANIKA SOOD  |  TUESDAY, 3 DEC 2019
... Shadforth Financial Group. The AFL fund had $145 million in assets at June end, according to APRA statistics. Hostplus's MySuper option has better performance and is cheaper than AMP Signature Super's MySuper option. AMP Signature Super uses ...

Cbus hikes fees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... launching a new offering in November. The Cbus Corporate Super product will see a member defaulted into the funds Growth MySuper option if they don't choose otherwise but includes the benefit of automatic tailored insurance dependant on the member's ...

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... the full superannuation heat map, Byres said the goal is to help drive better member outcomes by "shining the light" on MySuper products that need to improve. "For the past couple of years, we have been focused on using data to weed out the under-performers ...

APRA responds to industry concerns

ELIZA BAVIN  |  THURSDAY, 28 NOV 2019
... issues, clarifying expectations, improving clarity for the section on comparison component of the outcomes assessment for MySuper products and removing unnecessary and duplicative drafting relating to the insurance strategy assessment. APRA reiterated ...

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... would essentially mean underperforming super funds could not onboard any new members. Silk added APRA's recently unveiled MySuper heatmaps were a good idea conceptually. He said if the tool works as well as the regulator hopes it will, it will have the ...