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Showing 41 - 50 of 822 results for %22MySuper Product of%22

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... options offered by workplace super funds that the funds self-identify as being ESG options, along with a wider analysis of MySuper investment options. The 38 ESG investment options held a total of $160 billion in assets. Rainmaker found that the 38 options ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
MySuper assets have reached a new high of $964.5 billion thanks to the mandatory increase in superannuation contributions and market recovery. The year to March saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... funds. An AFCA investigation uncovered a superannuation trustee that failed to uphold its legislative obligation to deliver MySuper fund members with insurance benefits, including permanent incapacity and death insurance. Superannuation law requires ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... said. Anderson also critiqued the "forcefulness" of the notifications, suggesting they were unduly pushing clients towards MySuper products and encouraging change even when current arrangements might be perfectly acceptable. He urged for a more balanced ...

Hostplus surpasses $100bn in FUM

CHLOE WALKER  |  WEDNESDAY, 17 MAY 2023
... "As a truly national fund with an enviable investment track record over three, five, seven, 10, 15, and 20 years in our MySuper Balanced option, Hostplus is increasingly becoming the lifetime fund of choice for many Australians," Elia said. It is also ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... members that, from July 1, the cost of its various investment options will change, with the bulk seeing a reduction. On the MySuper front, ART's default Balanced option currently costs $410 per $50,000 invested. From July, this will drop to $400. ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... their 'significantly' high administration fees, and the median Choice administration fee is far higher than the median MySuper administration fees. "Yet the government recently decided to carve out of historical administration fees from the YFYS performance ...

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... the upcoming 2023 performance test, will relocate existing guidance relating to within-product changes in the MySuper product information paper into a legal instrument, removing the need for APRA to make individual determinations for every affected product. ...

Brighter Super forges ahead with SFT

KARREN VERGARA  |  MONDAY, 17 APR 2023
... assets over the next few years. Brighter Super won Money magazine's Best of the Best Award in 2023 for Best-value MySuper product. The group unveiled a new board line-up of 15 members at the start of the year. More than 100 SPSL staff will move to Brighter ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... others, which is particularly relevant if they have received advice from unscrupulous providers to switch from a MySuper product to a high fee, underperforming Choice product." She added that more needs to be done to ensure members can't be stapled to ...