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Showing 51 - 60 of 400 results for "MySuper products"

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... billion, and the balance of life office statutory fund assets by 6.7% to $51.3 billion. Total assets held in MySuper products dropped 3.8% to $887.4 billion. The increase in contributions was largely driven by the increase to the Superannuation Guarantee ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
... true that TelstraSuper's short-term performance was marred by market conditions that hit all funds but its MySuper products have ranked in the top five in the market for three, five and 10 years. Notably, it's not just that Miller made the right ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... ISA attributed the exploitation of these loopholes for the enduring gap between the best and worst performing MySuper products. In its YFYS review submission, ISA stated that in the lead up to the first round of performance tests, 35 MySuper products ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... years after it first announced plans for a superannuation offering, Vanguard is now home to one of the cheapest MySuper products - a lifecycle solution that auto-adjusts 36 times. It was back in November 2019 that Vanguard's Robin Bowerman revealed ...

MySuper index records worst rolling return since 2009

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
The median return for MySuper products in September was -3.3%, causing the Rainmaker MySuper Index to see its worst annual rolling return since August 2009. For the 12 months to September end, the MySuper index returned -6.4%. It was dragged by the ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
Five MySuper products have failed the second annual MySuper performance test, with four of them failing for a second time. The product that failed this year's performance test for the first time is Westpac Group Plan MySuper. Westpac must now identify ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... super products, which can only be acquired by consumers actively choosing their product. They don't apply to MySuper products, defined benefit interests or super products that are no longer for issue or sale. Meanwhile, as previously reported by ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... the transparency provided by the MySuper and Choice heatmaps and the first annual performance test. Of the 13 MySuper products that failed the first annual performance test, ten have either merged, exited, or committed to transfer their members to a ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
... Specifically, Treasury will review whether the performance test has had any significant unintended consequences for MySuper products. Ensuing this treasury review, a pause of the test extension beyond MySuper products for 12 months has been introduced. ...

Performance test expansion paused as government announces review

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2022
Treasury has halted the extension of the Your Future, Your Super (YFYS) performance test beyond MySuper products for 12 months while conducting a review of the laws. Minister for financial services Stephen Jones announced that the review will commence ...