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Search ResultsShowing 41 - 50 of 100+ results for "MySuper"
MySuper reforms could have downsides
ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
The government's proposed reform to MySuper products, which will involve naming and shaming underperforming MySuper products, could actually end up hurting fund performance, according to some critics. Advance Human Solutions managing director Alexandra ...
Perpetual axes geared investment options
ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... Guarantee option had one-year returns of -0.39% and five-year returns of -0.11%. Perpetual also recently terminated its MySuper option due to underperformance, with members transferred to CareSuper.
Hume clarifies survival of the fittest in MySuper
ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
Senator Jane Hume has clarified why the government's latest reforms will seek to identify underperforming MySuper products. Hume was speaking at a Financial Services Council (FSC) event about the Your Super, Your Future package announced as part of ...
Super reforms modest negative for AMP, IOOF: Credit Suisse
KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... negative" for AMP, IOOF and Link Group but have no impact on Netwealth and HUB24. The government is proposing to subject all MySuper products to a new APRA-administered annual test from July 2021 and all trustee-directed super products from July 2022. ...
Super industry cautious on more reform
ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... and women." The Association of Superannuation Funds of Australia (ASFA) said it supports measures to lift standards for MySuper products but changes need to be carefully considered. "We don't suffer from a shortage of good funds and we need to ensure ...
MySuper funds face new test, member bans
KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...
Government declares record deficit, super reforms
JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... changes jobs, with Australians to be 'stapled' to their super account. Further, from July 2021, APRA will benchmark MySuper products, with products that have underperformed over two consecutive annual tests to be banned from taking on new members ...
Vision Super appoints deputy chief executive
ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... are paying less in fees, at the same time as improving results," Vision Super chief executive Stephen Rowe said. "Our MySuper default balanced growth option is top three over the last financial year, and top ten over all periods up to ten years. Most ...
Trustees cutting corners: Rowell
KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... peer reviews, in which many super funds are pitting themselves against a narrow field and failing to include all of their MySuper products in the assessment. "Often it wasn't clear to us why certain peer groups for choice products had been selected. ...
MySuper funds redeem performance
KARREN VERGARA  |  FRIDAY, 2 OCT 2020
MySuper funds continue to recoup coronavirus-induced losses, as the latest Rainmaker research finds default products have on average gained three out of every four dollars lost in February and March. The 2021 financial year kicked off in positive territory ...
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