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Showing 591 - 600 of 1260 results for "MySuper"

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
MySuper could soon surpass self-managed super funds as the preferred retirement savings vehicle for Australians, a new Rainmaker report shows. Using the latest APRA data, Rainmaker's MySuper Report found the MySuper asset pool hit $713 billion at ...

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... comfortable" with the SPS 515 revisions, but raised concerns in the following areas: The degree of regulation across how MySuper or choice products are compared, investment benchmarks, and segmentation of member cohorts; Expectations around the annual ...

Super figures point to NSW victory

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... analysis reveals New South Wales based super funds are edging out their Queensland opponents 3-2 across five key categories: MySuper products among the top 10 funds in the country Lifecycle products among the top 10 Average fees Default death and TPD ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
... who have concerns to contact AMP directly or their financial adviser," it said. "In 2018, we cut fees on our flagship MySuper products, benefiting approximately 600,000 existing customers as well as new customers, improving member outcomes. In 2019 ...

Industry funds temper inflows post-Royal Commission

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... affected," Rainmaker head of superannuation research Jason Ross said. What's interesting is that the AustralianSuper MySuper book grew from $100.8 billion to only $103 billion, which is less than the rest of the market, he said. Furthermore, AustralianSuper's ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... income protection insurance cover was also a requirement. As at January this year, just 28 of the 82 super funds offering a MySuper product fit the bill, according to Rainmaker data. ASIC intends to review its default fund arrangements every four yea ...

Sunsuper, corporate super fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2019
... merging, CBH Super had about 1300 members and $300 million in funds under management. According to Rainmaker data, its MySuper product held about $14 million as at December 2018 and, in the 12 months previous, achieved a rate of return of 1.5%. The average ...

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
Six years after the first lifecycle MySuper products hit the shelves, industry superannuation funds have trailed behind the retail sector in terms of adoption. Only five industry funds ditched their single strategy MySuper product for a lifecycle option ...

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... or certainty funds are facing Steffanoni said include: Definitions of financial product and the requirement to apply to MySuper and bundled choice benefits individually; Application of fee caps to residual balances under $6000 after partial benefit payments ...

Pendal profits plunge, advisers remain positive

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
... this year, as it rejigged its superannuation offering. Westpac's remaining money managed through Pendal is now in MySuper corporate super mandates, multi-manager mandates, Westpac's life company and managed accounts. Pendal also has a relationship ...