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Showing 41 - 50 of 396 results for "MySuper products"

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... practices, Ellis says. Further, the regulator is monitoring fund underperformance. While most of the focus has been on MySuper products, following the Your Future, Your Super review, APRA will be prepared for an iteration of the performance test for ...

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... which to build. According to APRA heatmap data, HESTA ranked fifth by a measure of total accounts growth, for MySuper products, averaged over a three-year period. Accounting for some of this growth, HESTA completed its merger with Mercy Super in December ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry have questioned the performance evaluation ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... Super Trust Virgin Money MySuper, Mercer Super Trust Santos MySuper. APRA said there are 350,000 fewer members in MySuper products with "significantly poor" investment performance than in 2021. However, around 800,000 members' accounts remain in ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... 'faith-based' carve out was a ridiculous proposal from the government. "Introducing supplementary performance tests for MySuper products, goes against the purpose of these tests, to indiscriminately assess the investment performance of default ...

Hostplus defies inflation fears

ELIZABETH FRY  |  MONDAY, 28 NOV 2022
... change that strategy is if our demographics or cash flow changes." According to Rainmaker, median returns for MySuper products for the year to September were -5.9%. Hostplus' balanced option returned -3.7% for the period, ranking seventh in the sector. ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... billion, and the balance of life office statutory fund assets by 6.7% to $51.3 billion. Total assets held in MySuper products dropped 3.8% to $887.4 billion. The increase in contributions was largely driven by the increase to the Superannuation Guarantee ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
... true that TelstraSuper's short-term performance was marred by market conditions that hit all funds but its MySuper products have ranked in the top five in the market for three, five and 10 years. Notably, it's not just that Miller made the right ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... ISA attributed the exploitation of these loopholes for the enduring gap between the best and worst performing MySuper products. In its YFYS review submission, ISA stated that in the lead up to the first round of performance tests, 35 MySuper products ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... years after it first announced plans for a superannuation offering, Vanguard is now home to one of the cheapest MySuper products - a lifecycle solution that auto-adjusts 36 times. It was back in November 2019 that Vanguard's Robin Bowerman revealed ...