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Showing 601 - 610 of 1260 results for "MySuper"

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... assessment. Under the new law, super funds will have to annually assess and compare the appropriateness of product offerings for MySuper and choice products - including how each product promotes the financial interests of members. In revising SPS 515 ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... making changes to cut fees for members of the option by 65%. It will also reduce its investment fees for the lifestage MySuper options. FirstChoice Wholesale is introducing fee rebates (0.05% to 0.2%) for members with balances between $100,000 and $500,000. ...

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
... advice, according to ASIC, is to provide simple, non-ongoing personal advice on the member's interest in the fund across MySuper and choice products. The cost of the advice is borne by all members of the fund. ASIC provides guidance on what types of ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... should have happened," it said. The Commission went as far as recommending a top 10 'best in show' shortlist of MySuper and choice products. Stakeholders decried potential oligopolistic behaviour. PwC partner Catherine Nance says an industry ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... making changes to cut fees for members of the option by 65%. It will also reduce its investment fees for the lifestage MySuper options. FirstChoice Wholesale is introducing fee rebates (0.05% to 0.20%) for members with balances between $100,000 to $500,000. ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... products for up to four years. Currently, superannuation funds with more than five members must disclose dashboards for MySuper products only. ASIC has amended Class Order CO 14/443 to defer choice super product providers' obligations until 1 July ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... Under the new law, super trustees will have to annually assess and compare the appropriateness of product offerings for MySuper and choice products - including how each product promotes the financial interests of members. APRA will have the power to ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... where there is a suspected contravention of the law and to make exemptions and modifications to the new arrangements. MySuper products, margin lending facilities, securities issued under an employee share scheme and fully-paid ordinary shares are exempt ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... and benefits and potential pricing effects that legislating universal definitions, terms and exclusions will have for MySuper life insurance policies. Hayne said: "Insurance contracts can often be difficult for the average consumer to navigate and understand. ...

AMP cuts MyNorth fees

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... together to reduce administration fees, saving hundreds of dollars each year." These new fee reductions follow AMP's recent MySuper fee reductions and fee reductions from superannuation funds and other wrap platforms across the industry.