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Showing 611 - 620 of 1260 results for "MySuper"

Statewide Super confirms merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2019
... complex Australia has seen for a long while." Based on three-year performance to January 2019, among all industry and retail MySuper offerings, Statewide ranks ninth while WA Super ranks 62nd. Tasplan isn't ranked as its MySuper product is less than ...

Women-led super funds continue to shine

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... women in super, the numbers show this has remained steady at 30% since 2016. Rainmaker analysed single strategy, default MySuper products offered by not-for-profit funds totaling about $860 billion in funds under management. The returns are dated 30 ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
... superannuation product from single strategy to lifestage. It's also increasing its allocation to growth assets. MLC MySuper currently has a 70% allocation to growth assets like stocks, property and infrastructure and a 30% allocation to defensive ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... calculating the returns they could reap from various default super products. A person who stayed in the lowest-performing MySuper option all of their working life would build a nest of $265,000 before they retired, the research found. On the flipside ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... Commissioner Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must conduct an annual scale assessment to decide if its members would benefit from merging their fund with a ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... civil penalty provision in the event of a breach - which is to be enforceable by ASIC. Stop deducting advice fees from MySuper accounts Hayne recommends the cessation of advice fees and other intra-fund advice fees deducted from MySuper accounts - which ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... single default fund will be viewed by weaker industry funds as a savage blow. So too will the proposed limitations on using MySuper account balances to pay for advice and 'treating' employers. As a result of the RC's recommendations many ...

AMP profits nose dive, dividends hit

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... protection and mature)," it said in a statement. For FY19, AMP is expecting a full year impact of $35 million post tax from MySuper pricing changes in its Australian wealth management division; a $85 million post-tax annual impact from unwinding the ...

ASIC seeks new default super partner

JAMIE WILLIAMSON  |  FRIDAY, 18 JAN 2019
... demonstrate an ability to meet that milestone by July 2021. Rainmaker analysis shows just 28 of the 82 super funds offering a MySuper product currently manage more than $10 billion in assets, meaning roughly two-thirds of funds need not apply. Those ...

Poor equities performance sees MySuper suffer

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The average returns for MySuper products dropped to 1.9% in the 12 months to November 2018. This was a fall of a further 1.1 percentage points from the 12-month average return seen at the end of October, analysis from Rainmaker shows. The low returns ...