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Showing 41 - 50 of 73 results for "Default MySuper"

ASIC drags CFS to court over MySuper

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 ...

LGIAsuper offloads European assets

ALLY SELBY  |  THURSDAY, 9 JAN 2020
... highly diversified approach to investing has proven successful with members receiving 9.1% growth in LGIAsuper's default MySuper Lifecyle U75 investment option over 34 years to 30 June 2019 and 8.6% over the past 10 years," she said. She argued that ...

Industry fund revamps MySuper offering

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
... after fees and tax basis. "Considering the long term nature of superannuation we have determined that changing our default MySuper investment option to one that invests in more growth assets (e.g. Australian and international equities) will provide our ...

Women-led super funds continue to shine

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... women in super, the numbers show this has remained steady at 30% since 2016. Rainmaker analysed single strategy, default MySuper products offered by not-for-profit funds totaling about $860 billion in funds under management. The returns are dated 30 ...

Super ESG options can outperform

JAMIE WILLIAMSON  |  TUESDAY, 13 NOV 2018
... investment options, with the average offering achieving a 10% return in the 12 months to September end. The average default MySuper product achieved a 9.8% return. The analysis looks at the options on offer from the likes of AustralianSuper, HESTA, UniSuper ...

SMSFs outperforming MySuper: Research

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
... (before fees and tax) in the year to July 2018. Meanwhile the SG360 Default Index, which tracks the performance of default MySuper products, returned 10.2% per annum. Over a three-year period, returns for both the SMSF (7%) and MySuper (6.8%) sectors ...

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
The SMSF sector, which has traditionally shied from growth assets, underperformed default MySuper investment strategies by 1.2 percentage points in the 12 months to April 2018. The average SMSF returned 6.6% before fees and tax, while the average default ...

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
... clearer definitions for disability insurance, tackling multiple insurance accounts and covers, and reconsidering default MySuper products. Addressing cyber threats, Rowell said APRA is slated to finalise a prudential standard on IT security by November ...

Defensive bias hurting SMSF performance: Research

ALEX BURKE  |  TUESDAY, 13 FEB 2018
... assets - particularly international equities - in the average SMSF is dragging down its performance relative to default MySuper indices, according to SuperGuard 360 research. In the 12 months to 31 December 2017, the SG360 SMSF reference index returned ...

APRA delivers poor super fund ultimatum

DARREN SNYDER  |  WEDNESDAY, 29 NOV 2017
... an average of nearly 200 investment options when many funds have a significant proportion of members in their default MySuper products and hence relatively few members in each of the many choice investment options on offer," she said. "And that is particularly ...