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Showing 41 - 50 of 378 results for "MySuper products"

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... persons who were not holding the product before that day will need to be returned." "APRA expects RSE licensees of MySuper products that failed last year's performance test to be engaging closely with their employer-sponsors, promotors, and other ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... assets totalled $3.4 trillion at the end of March 2022, a 9.7% increase from the year prior. The total assets in MySuper products now sit at $927.9 billion as at the end of March 2022, which represents a 2.3% quarterly decrease but an annual increase ...

End choice dashboard delay: AIST

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... investment options would not need to have their own dashboards in place for another five years. "The scrutiny of MySuper products is right and proper because they are default products, but all superannuation products must be held to the same high standards ...

Colonial First State settles super class action for $56.3m

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... on fees. The class action alleged that CFS deliberately delayed transferring super fund members to the cheaper MySuper products, and left them in accounts with unnecessarily high fees, bearing the cost of commissions to financial planners, and receiving ...

Industry funds buoyed by unlisted assets

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
... starting from $200,000. In terms of fees, ISA found an industry fund MySuper product charged 0.90% on total. Retail MySuper products meanwhile charged 1.13%, while managed investments outside of super were much higher at 1.84%.

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
... is going to halve its percentage-based administration fee, a move expected to cement it as one of the cheapest MySuper products on offer. AMG Super will reduce the percentage-based component of the admin fee charged to members in its MySuper option ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... release of super scheme withdrawals as well as growth in total contributions. Most APRA-regulated assets comprised MySuper products of $950.1 billion, which recorded the highest year-on-year growth rate of 18%. Self-managed super funds hit $876.7 billion ...

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
... across all superannuation product and investment options; currently, it only publishes product-level data for MySuper products. Now, APRA wants to begin publishing that enhanced data collection and, in a new discussion paper, has outlined what will and ...

The future is bright for BT: Rady

JAMIE WILLIAMSON  |  FRIDAY, 28 JAN 2022
... options are certainly on the table in terms of how we consider the platform and super business." BT saw two of its MySuper products underperform the inaugural APRA performance test last year. As first reported by Financial Standard, the company then ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... government's YourSuper comparison tool has recorded over one million hits since it was released in July. Thirteen MySuper products failed the government's new bright line performance test covering one million member accounts." However, APRA numbers from ...