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Showing 41 - 50 of 53 results for "MySuper funds"

MySuper spurred innovation and chased down fees

MARK SMITH  |  FRIDAY, 8 AUG 2014
... managers add value." Fryer expressed concern about the number of smaller funds that are in the market. "There's 120 MySuper funds. That's an awful lot. Some are only running about $10-$20 million. Should they exist? Probably not" he said.

FWC halts default super review

JAMES FERNYHOUGH  |  WEDNESDAY, 11 JUN 2014
The Fair Work Commission (FWC) has said it will halt its selection of MySuper funds as default funds under modern awards, after the full Federal Court found the expert panel was incorrectly constituted. In a statement released yesterday the president ...

ISA and FSC prepare for Federal Court clash

JAMES FERNYHOUGH  |  WEDNESDAY, 7 MAY 2014
... of Australia challenging the validity of the Fair Work Commission's Expert Panel responsible for the selection of MySuper funds to be listed on modern awards. While the Federal Court named two official respondents - the FWC and ISA - the surprise is ...

FSC and ISA clash over super and awards

LAURA MILLAN  |  THURSDAY, 24 APR 2014
... added that "the FSC does not believe that the Fair Work Commission is the appropriate place for the selection of MySuper funds" and noted that the Australian Prudential Regulation Authority (APRA) "would be better suited for overseeing the selection ...

BT reveals post-awards strategy

JAMES FERNYHOUGH  |  THURSDAY, 20 FEB 2014
... believe in a free market or not. I believe that an employer should have an opportunity to pick between the various MySuper funds to determine what will be best for their members." She went on: "Banks can offer a differentiated offering than an industry ...

FSC slams 'closed shop' super awards rules

JAMES FERNYHOUGH  |  TUESDAY, 11 FEB 2014
... arrival of the MySuper regime, FSC chief executive John Brogden said there was no need to keep the old system. "MySuper funds are approved in a detailed process by the prudential regulator, APRA. The role of the Fair Work Commission is a duplication ...

Government targets super in awards, board independence

JAMES FERNYHOUGH  |  THURSDAY, 28 NOV 2013
... independent expert panel within Fair Work Australia to require employers to select from any of an estimated 100 MySuper funds. "Few employers will have the time or expertise to select a default fund for their employees from the expected 100 MySuper options. ...

PAS Lodges MySuper application

BEN COLLINS  |  WEDNESDAY, 9 JAN 2013
... only made sure it is ready, but that it can also add some extra value for members, said chairman Frank Gullone. MySuper funds are low-cost and simple superannuation products that replace existing default funds. The reform will come into effect from 1 ...

CSSA calls out default fund selection

BEN COLLINS  |  WEDNESDAY, 21 NOV 2012
... to apply to APRA to become a MySuper fund, and then it's up to the Default Selection Panel (DSP) to select which MySuper funds make it through to each Modern Award. Finally, the Bench of Fair Work Australia (FWA) would vet the selections from the DSP. ...

Wins and losses in PC default super report

ALEX DUNNIN  |  FRIDAY, 29 JUN 2012
... First, employers choose default funds, largely as they do now, albeit the list of available funds will now include MySuper funds. This option represents no change to the current system and is unlikely to be politically acceptable. Second, employers choose ...