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| | | Colonial First State's messy MySuper transition came under the Royal Commission's lens on Tuesday. Taking the witness box, Colonial First State executive general manager Linda Elkins told the Commission CFS initially failed to transition 13,000 members ... |
| | | | ... and additional advice fees). Across all products, the average fee stood at 1.23% compared to 1.16% in 2017. The average MySuper total expense ratio (TER) is now 1.2%. The report said the annual increase in headline fees is largely attributable to the ... |
| | | | ... asset consultant that its current investment fee budget wasn't adequate to boost the performance of its lagging MLC MySuper product, the Royal Commission heard. Resuming former NULIS chair Nicole Smith's questioning on day three, senior counsel ... |
| | | | ... growth in its advice and SMSF businesses, and trimming of controllable costs offset the margin compression from final MySuper transitions, the group said. North platform The biggest inflows for AMP's wealth management business came from its wrap platform ... |
| | | | ... space. In terms of investment management, UNPAT rose 12% to $36.7 million. "Most importantly, from our perspective, our MySuper product is really going to become the key comparator product or fund that we'll use to compare against other providers in ... |
| | | | ... said the compensation figure has reached $87.1 million. In other matters, Hodge flagged the investment performance of MySuper funds and any deviation from benchmarks will be a focus, as will how AustralianSuper monitors and manages its indirect investment ... |
| | | | ... cautioned against the use of a sole measure to determine whether an underperforming superannuation fund should retain MySuper authorisation. In its latest submission to the Productivity Commission on superannuation's competitiveness and efficiency, APRA ... |
| | | | ... Institute. CBA Group Super has 75,000 members composed of current, retired and former CBA employees and their spouses. Its MySuper option has returned 6.58% over 10 years, 7.42% over five years, and 6.53% over one year. By contrast the SelectingSuper ... |
| | | | ... members and would have been contributing to the premium pool for many years. According to Rainmaker data, Media Super's MySuper option returned 6.9% in the three years to 31 May 2018. |
| | | | ... growth-orientated portfolios that reflect their values and interests (Health, Green and Tech). In terms of fees, Zuper's MySuper Option charges a 0.5% investment fee and 0.83% admin fee on investment returns. Members can opt out its automatic insurance ... |
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