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Showing 41 - 50 of 54 results for "MySuper members"

Industry fund revamps MySuper offering

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
... option to one that invests in more growth assets (e.g. Australian and international equities) will provide our MySuper members with a better outcome at retirement," the fund said in a statement to members. The switch means the default members' fees ...

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... 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 by ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... coverage requirements, key definitions, and key exclusions should be prescribed for group life policies offered to MySuper members. As seen in the AMP case study, should RSEs be obliged to ensure that their members are defaulted to statistically appropriate ...

Choice members worse off in retirement: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
Latest research shows MySuper members are $50,000 better off at retirement compared to those invested in choice products. Research from the Australian Institute of Superannuation Trustees and Rice Warner shows super members invested outside of MySuper ...

Retail MySuper outpacing NFP products

KARREN VERGARA  |  FRIDAY, 8 DEC 2017
... of SMSFs with conservative or inactive investment strategies achieved poorer investment outcomes than typical MySuper members, the report said. Over five years, the return gap is widened in favour of the SG360 default index of 9.7% per annum versus 7.6% ...

FSC takes aim at complacency in super

ALEX BURKE  |  WEDNESDAY, 27 SEP 2017
... investment option, but don't follow their own advice when it comes to selecting an investment option on behalf of MySuper members," Bucknell said.

Roaring forties produce super member tailwinds

DARREN SNYDER  |  TUESDAY, 8 AUG 2017
... 1970-1974 (12.7%); and First State Super Employer - Growth (12%). Colonial First State said the majority of its MySuper members received a return of about 13% for the 2016-17 financial year. It added that super members who took on greater investment ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... ensure the investment and insurance strategies, fees, scale and returns are promoting the financial interests of MySuper members. Giving APRA more capacity to take preventive and corrective action if it has prudential concerns about a fund or if a fund ...

Group insurers at mercy of a handful of super funds

MARK SMITH  |  TUESDAY, 7 JUN 2016
... in insurance penetration within superannuation funds. For example, as at June 2015, on average only 76% of all MySuper members took up life insurance through their superannuation fund. In regards to income protection insurance, the take up rate is just ...

Retail funds deny relying on passive investment

JAMES FERNYHOUGH  |  THURSDAY, 23 OCT 2014
... managing exposure to markets through index funds. The perception that retail funds invest the majority of their MySuper members' retirement savings in low-cost index strategies is widespread in the industry fund movement, and is increasingly being cited ...