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Showing 51 - 60 of 387 results for "Retail super"

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... Super Kris Kitto said over the last seven weeks Stake has submitted more than 100 transfer requests to industry and retail super fund. "Very few APRA regulated super funds are meeting the three-day payment timeframe. On average it's more than a week ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... exact values of directly held assets, a Senate Committee report recommended. Figure 1: Workplace not-for-profit and retail super fund fees vs. Future Fund fees

MLC Life wins group mandate

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
MLC Life has been handed a new group insurance mandate from a retail superannuation provider. Going forward, MLC Life will provide group insurance cover to members of GROW Super, Superhero, the Allan Gray Superannuation Fund and several others after ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... MySuper account currently pay less than $30 billion a year in fees after a year of reductions across not-for-profit and retail super funds. In the last decade, super fees have fallen by a quarter, with about half of the action taking place in the last ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
Retail superannuation funds from AMP, Australian Ethical and Russell Investments will be among the biggest beneficiaries of the last-minute change to administration fee treatment in YFYS performance tests, says Industry Super Australia. The new performance ...

Super ASX dominance trends down: Research

JAMIE WILLIAMSON  |  TUESDAY, 10 AUG 2021
... are moving to greener pastures." And, despite holding 3% more of the ASX now than they did in 2013, the fact that retail super holds 29% doesn't make much difference to the overall trend because retail funds as a sector are losing market share. "Their ...

Retail funds blitz personal-balanced options

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
Retail superannuation funds delivered the best performance in the personal-balanced category in Rainmaker's latest analysis of MySuper funds. Wholesale personal super product - FirstChoice Wholesale Multi-Index Growth - returned 23.7% per annum ...

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
Despite the raft of reforms aiming to make superannuation more attractive, wealthy Australians should consider supplementing their nest eggs, a wealth management expert says. HLB Mann Judd wealth management partner Michael Hutton says the passing of ...

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... find support for his proposed amendment, which would have extended performance tests to more choice products in the retail super sector. Labor Senator Deborah O'Neill passionately opposed the reforms this morning. "How could it be that someone who ...

CFS, UniSuper win customer satisfaction nods

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... choice for consumers, taking home the highest satisfaction ratings in Roy Morgan's annual awards. CFS received the Retail Super Fund of the Year nod in the 2020 Customer Satisfaction Awards, while UniSuper took home the Industry Super Fund of the Year ...