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| | | ... a designated Fair Work process would not be required as an employer would be free to select any APRA regulated MySuper product," said the FSC. "This approach has the benefit of removing conflicted industrial parties from selecting default superannuation ... |
| | | | ... asset allocation would be geared to growth rather than defensive assets. The issue of a set fee for a lifecycle MySuper product, however, was an issue of concern for IMCA attendees, with confusion over how lifecycle products would be fairly priced and ... |
| | | | ... Trustees. A recent survey of 40 not-for-profit funds found only 10% of funds are planning to offer a lifecycle MySuper product, with 74% of respondents anticipating the asset allocation of their MySuper product will be geared to more growth than defensive ... |
| | | | Superannuation funds thinking about offering a MySuper product should start talking to APRA now, said the regulator, who acknowledged the timeframe was tight, but said there should be "no surprises" when the draft standards are released next month. ... |
| | | | ... large employer requirement of 500 or more members of the funds needs to be satisfied upon authorisation of the MySuper product, and at the end of each annual reporting period. The PJC said it was concerned the proposed "threshold test" which enabled ... |
| | | | ... registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers a MySuper product and applying personal duties to the directors of corporate trustees in their own right. It also provides details of the ... |
| | | | The superannuation disclosure debate and industry transparency was raised again yesterday after ASIC promised future guidance for super funds, meanwhile one super fund that already uses disclosure practices has called the actions "unnecessary". Peter ... |
| | | | ... action against a trustee. For example, a member should not be able to take action merely because, in hindsight, the MySuper product's net investment performance was not as good as that of another MySuper product," Anderson said. The submission also questioned ... |
| | | | ... tender process. Under the proposed amendments, trustees would require a separate authorisation from APRA for each MySuper product offered, conceivably resulting in thousands of authorisations for each tailored product that is offered for a different ... |
| | | | ... clarification of the proposed new sub-section 29VN(b) which asks that super trustees of a fund that include a MySuper product conduct an annual review to ensure that the trustee is acting in the best interest of all fund members, both in and out of MySuper ... |
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