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Showing 51 - 60 of 1132 results for "MySuper"

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... the fund's $2 billion exposure to fossil fuels. As at 31 December 2022, Santos shares made up 0.49% of Rest's MySuper option Core Strategy, a spokesperson said. "We are an active owner and believe that engaging with companies as a shareholder ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... well-functioning financial system: efficiency, resilience, and fairness. One example of an APRA metric assesses the number of MySuper members in a high-fee, poor-performing super funds. A metric for ASIC will assess the average time it takes to complete ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... Rainmaker's inaugural ESG Leader Rating. Rainmaker has also identified the top performing ESG super funds, by five-year MySuper returns - Aware Super is in top place, with 11.38% for five-year returns on its MySuper option, with Active Super in second ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... options offered by workplace super funds that the funds self-identify as being ESG options, along with a wider analysis of MySuper investment options. The 38 ESG investment options held a total of $160 billion in assets. Rainmaker found that the 38 options ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
MySuper assets have reached a new high of $964.5 billion thanks to the mandatory increase in superannuation contributions and market recovery. The year to March saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... funds. An AFCA investigation uncovered a superannuation trustee that failed to uphold its legislative obligation to deliver MySuper fund members with insurance benefits, including permanent incapacity and death insurance. Superannuation law requires ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... said. Anderson also critiqued the "forcefulness" of the notifications, suggesting they were unduly pushing clients towards MySuper products and encouraging change even when current arrangements might be perfectly acceptable. He urged for a more balanced ...

Hostplus surpasses $100bn in FUM

CHLOE WALKER  |  WEDNESDAY, 17 MAY 2023
... "As a truly national fund with an enviable investment track record over three, five, seven, 10, 15, and 20 years in our MySuper Balanced option, Hostplus is increasingly becoming the lifetime fund of choice for many Australians," Elia said. It is also ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... members that, from July 1, the cost of its various investment options will change, with the bulk seeing a reduction. On the MySuper front, ART's default Balanced option currently costs $410 per $50,000 invested. From July, this will drop to $400. ...