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Search ResultsShowing 61 - 70 of 100+ results for "MySuper"
Fight for MySuper advice fees kicks off
ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... advice industry groups are being joined by superannuation funds in a fight to retain the ability to charge advice fees to MySuper members as the government implements recommendations from the Royal Commission. Draft legislation currently open for consultation ...
Super chief opposes SG increase
ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
... sustained" under-performance is a risk where the total value of SMSF is equivalent to the amount invested in highly regulated MySuper products. "Of the total superannuation assets of $746.2 billion, 25.5% are invested in SMSFs. This is nearly the same ...
What SMSFs will look like in 2030
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... Australia attacking SMSFs," Rice said. "I hope that in 10 years we might have one body representing all of super." Rice said MySuper will most likely evolve to be a product for "disengaged" Australians, especially younger people who aren't thinking about ...
AustralianSuper secures corporate mandate
ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... AustralianSuper members would be transitioned into their new Select fund in March 2020. AustralianSuper Select is the funds MySuper authorised product and members are automatically invested in the default Balanced option. The news comes after AustralianSuper ...
Super fee obsession must stop
KANIKA SOOD  |  TUESDAY, 4 FEB 2020
... private market investors has urged the government to focus less on fees and consider the place for illiquid assets in MySuper. Citing APRA's heat maps as an example, the Australian Investment Council (formerly AVCAL) said that policy makers and regulators ...
Industry split over super fee hike
ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... Rainmaker research shows that AustralianSuper's overall fees remain comparatively low. In 2019 the fund ranked 14 of 99 MySuper offerings for cost to members on a $50,000 balance; a rank that doesn't change with the added fee. That said; analysis ...
Retail funds outperform, but industry funds dominate
HARRISON WORLEY  |  MONDAY, 3 FEB 2020
... same when it came to workplace options. The 10.2% return of AustralianSuper's balanced option again led the way among MySuper and default investment options, while TASPLAN's On Track Build option took second spot with 10.1% over three years. Two corporate ...
The PDS is weak: Rice Warner
ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... consequence, there is still an emphasis on product disclosure legally. With APRA focussed on eliminating poor performing MySuper products and ASIC's new design and distribution obligations and product intervention powers, Rice Warner predicts financial ...
Frydenberg takes RC super advice
HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... Commission, including banning directors of RSEs to hold any other roles and prohibiting trustees from charging advice fees in MySuper products. On the eve of the one-year anniversary of the release of Commissioner Kenneth Hayne's final report, Treasurer ...
Ongoing fees, advice fees in super to be reformed
ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... advice fees in superannuation. Draft legislation will remove the ability of super trustees to charge advice fees from MySuper products. Trustees would still be permitted to charge fees in relation to intra-fund advice as administration fees. That draft ...
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