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Showing 601 - 610 of 2183 results for "Financial Year"

Default super delivers best performance in 34 years

KARREN VERGARA  |  MONDAY, 29 NOV 2021
... by 238 products, of which 145 are not-for- profit (NFP) funds and 93 are retail. Rainmaker found that the 2021 financial year was only the third time in 12 years that the retail default segment outperformed the NFP products. "But measured over rolling ...

Link enters UK pension market

ANNABELLE DICKSON  |  THURSDAY, 25 NOV 2021
... experience. Link Group currently supports close to one million members in the UK and plans to expand this over the next financial year. "Link Group has been at the heart of modernising the superannuation (pensions) industry in Australia and we are delighted ...

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... stocks (30%). An analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently ...

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... the ATO has confirmed it will extend relief measures granted for the 2019-20 and 2020-21 financial years to this financial year." To assist SMSFs, the association has highlighted five key areas of relief that SMSFs should factor into this year's ...

Super funds up offshore investments: Survey

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
Based on their currency hedging strategies, superannuation funds increasingly look offshore not only to invest in equities but also to gain more exposure to unlisted assets. According to NAB's 2021 Superannuation FX survey of 54 super funds, allocations ...

Millennials fastest growing SMSF cohort

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... segment of new SMSF accounts. This is according to new data from AUSIEX, which found during the first quarter of this financial year there was a 9.3% increase in new SMSF accounts opened compared to the previous year. Millennials represent 10% of all ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... advisers. LUCRF Super and AustralianSuper are now targeting a completed merger before the end of the 2021/2022 financial year. The merger will be completed through a successor fund transfer deed, which will move LUCRF members over to AustralianSuper. ...

Pendal recovers losses

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... operating platform and expanding our product offering," Pendal Group chief executive Nick Good said. "We start the new financial year with equity markets near all-time highs. However, we see pressure on flows, particularly in the institutional channel. ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... partly provisioned for these adjustments and claims but record a one-off additional expense of $65 million for this financial year. The company said the divestment, which boosts its operating capital by $459 million, will assist in providing flexibility ...

ACSRF expands digital partnership

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... administration fees dropped to 0.19% for each account balance, meaning the maximum fee for each member is now $1520 per financial year. This is down from $2000. For investment fees, most options saw a 0.01% reduction. "Our goal is to help our members ...