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Showing 581 - 590 of 1260 results for "MySuper"

Renewed calls for risk-adjusted returns

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... for outperformance has drawn the ire of some that are being unfairly compared. Maritime Super was prompted to defend its MySuper option after it was named the "weakest performer" in an AFR article, bottoming the league table at 4.3% per annum, while ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... outflows reflected a range of factors including the impact of AMP's appearance at the Royal Commission in 2018 and changes to MySuper pricing. As for the advice business, the cessation of internal distribution arrangements between advice and the Australian ...

First State Super, VicSuper merger talks progress

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2019
... 67%. From an age perspective, VicSuper's average member is 45, while First State's is 46. In terms of investment returns, MySuper investment returns from June 30 show VicSuper has achieved a five-year return of 8.23%, close to First State's 8.3%. Over ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... default death cover, down to 77% for industry fund members and 75% for retail fund members. "This translates into 76% of MySuper product members having death cover through their fund. The higher corporate fund up-take is most likely due to insurance ...

Super fund launches new options

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... mid-term. As of 1 July 2019, the fund offered members eight investment options in total. Christian Super also reduced its MySuper My Ethical Super option investment fees from 1.04% to 0.45% and increased its indirect cost ratio from zero to 0.55%. As ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... the business planning process will be of particular interest. Trustees must also prepare outcomes assessments for every MySuper and choice products, including the timing and publication of the assessments and data sources. RSEs have the discretion to ...

MySuper lacks risk and return correlation: Research

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... assessed on their own merit as the level of risk does not always directly link to returns. Rainmaker's inaugural RMetrics MySuper report took a deep dive into the relationship between performance and volatility of MySuper products in the three years ...

Linda Elkins to depart Colonial First State

KANIKA SOOD  |  MONDAY, 8 JUL 2019
... the Royal Commission hearings last August, where she was questioned about errors during the company's transition to MySuper products in 2014. This story was updated at 10.30am to reflect new developments.

Hostplus enters merger talks

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... Club Super's default option has returned 8.1% p.a. over three years to March 2019, which is slightly lower than the MySuper average of 8.4%, according to Rainmaker. Hostplus' MySuper option was the best performing over the period, returning 10.6%. ...

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... fees, buy-sell spreads and indirect costs (ICRs) for investment options. Some fees increased while others have decreased. MySuper members will be charged new investment fees depending on the option they are invested in. The building option will increase ...