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

Search Results

Showing 61 - 70 of 868 results for "Accumulation"

AvSuper provides merger update, drops admin fees

JAMIE WILLIAMSON  |  TUESDAY, 10 JAN 2023
... AvSuper reduced its administration fees from $1.15 per week to $0.50 per week plus an asset-based fee, capped at $1000. Accumulation members will be charged an administration fee of $26 plus 0.19% of their account balance. Meanwhile, income stream members ...

Cbus pledges $500m to support Housing Accord

ANDREW MCKEAN  |  MONDAY, 28 NOV 2022
... particularly those members requiring a steady stream of income during retirement or as part of a more conservative accumulation product." Cbus chief executive Justin Arter added that the fund is a pioneer in the financing of non-market housing and the ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
... gearing up to meet a growing need for retirement products. Miller notes that up until now, most have focused on the accumulation phase of superannuation. "I'd say the majority of funds are well behind us on that journey," he stated. "It's not ...

Aussie income equities fare well amid turmoil

JAMIE WILLIAMSON  |  MONDAY, 14 NOV 2022
... sectors, Australian income equities fared best with a median return of -3.9%. For the same period, the S&P ASX 200 Accumulation Index saw -7.7%. The best performing Aussie equities income fund for the 12 months to September end was the SPDR MSCI Australia ...

AustralianSuper shakes up executive team

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... retire in the next decade, Schroder said it is critical super funds are as focused on retirement as they are on the accumulation phase of a member's journey. "AustralianSuper is committed to being a leader in retirement for members. With over 900,000 ...

Complacency the biggest risk to retirement: Forum

CASSANDRA BALDINI  |  THURSDAY, 10 NOV 2022
... to be managed differently for retirees. "Objective-based investing became more popular, people recognised that the accumulation phase for clients is all about maximising returns but once a client goes into that retirement phase, it's about minimising ...

HESTA changes administration fees

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
... have increased. From February 2023, HESTA is reducing the dollar-based component of the administration fees paid by accumulation members from $1.25 to a flat $1. However, the percentage-based component is increasing to 0.15%. Currently, the percentage-based ...

Australian retirement system given B+

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
... David Knox was the lead author of the study. He said the Australian system needs to shift its culture and focus from accumulation to management of balances in retirement. "The primary purpose of compulsory superannuation has been, for the past thirty ...

NGS Super increases death, TPD premiums

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
... $525. The cost of the high growth, balanced, indexed growth and defensive options are also expected to increase. Some accumulation options are expected to decrease in cost however, including the Australian shares, international shares, infrastructure ...

IPS partners to launch equity market solution

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... the dividends paid over the period," confirmed a statement. Horizon founder David Offer commented that the ASX 200 accumulation index has returned less than 9% pa over the last 10 years, so in that context a yield of more than 8% is very meaningful to ...