Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 671 - 680 of 1260 results for "MySuper"

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ...

Best in show should not dampen competition: Bowen

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... those who do." The Productivity Commission report showed a typical full-time worker who is in the median underperforming MySuper product would have $375,000 less upon retirement than if they were in the median top-10 product. Similarly, a 0.5% higher ...

Super funds underplay risk profiles: Research

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... a 50% split between growth and defensive assets. Yet this is now rarely the case," she said. With the introduction of MySuper last year, it's even more critical super funds are consistent with what a 'balanced' fund is. "With the introduction ...

Super fund shortlist practically advice: IOOF

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... independent advice. IOOF also said a shortlist of 10 funds is impractical in the current climate and is likely to exclude many MySuper products catering to particular employer groups and states. Instead, a list of 40 super funds should be used in the ...

Queensland industry funds merge

HARRISON WORLEY AND JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
... 1.4 million members across 130,000 employers. According to Rainmaker data, AustSafe ranked second in the Selecting Super MySuper default performance return tables for the year ending May 2018. Sunsuper chair Andrew Fraser said the merger was a good fit ...

Catholic Super appoints CIO

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
... arrangements of CSF's $9 Billion MyLife MyMoney Superannuation Master Trust, which operates both Catholic Super and MyLife MySuper, as well as a financial planning company and a bank dedicated to the Master Trust's super members. She will have ...

MySuper approaches $650 billion

DARREN SNYDER  |  TUESDAY, 26 JUN 2018
At a time when default superannuation is under the Productivity Commission spotlight, it is important to recognise MySuper now represents one-quarter of Australia's $2.6 trillion super system - and it's growing fast. Latest Rainmaker analysis ...

PC puts spotlight on lifecycle super products

KARREN VERGARA  |  MONDAY, 25 JUN 2018
... Chester said the review didn't initially intend to delve into lifecycle products - but seeing that it comprises 30% of MySuper it would be an oversight not to look at it in-depth and see which super funds have made exemplary progress in this area. ...

Super fund rationalisation painful: PwC

KARREN VERGARA  |  THURSDAY, 21 JUN 2018
... level underperforming funds that continue to operate was unsustainable and at the expense of members. "We think over 100 MySuper, 200 funds and 40,000 choice products can't be efficient and the members are paying for that," she said. While PwC supports ...

BTFG boss backs PC super proposals

KANIKA SOOD  |  THURSDAY, 7 JUN 2018
... Commission's most recent superannuation report, saying the Westpac-owned business would welcome moving away from an "open market" MySuper model. BTFG chief executive Brad Cooper said until now it has supported an "open market" model where any APRA-approved ...