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Showing 61 - 70 of 1259 results for "MySuper"

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... with AMP were systematically overcharged between 2008 and 2020 - "especially those in uncompetitive, high fee products, MySuper products, cash, and term deposits." The central claims relate to administration fees charged on Flexible Lifetime Super accounts ...

Age-based super strategies could add thousands to retirement savings

ANDREW MCKEAN  |  THURSDAY, 22 MAY 2025
... serves over 80,000 members across various super offerings, estimated this would translate to an average uplift of $3200 per MySuper account holder. Russell compared the performance of its age-based MySuper solution, GoalTracker, to the superannuation ...

Vanguard Super leads in organic growth: KPMG

ANDREW MCKEAN  |  TUESDAY, 20 MAY 2025
... funds," six others are within the $50 billion to $100 billion range. KPMG also found that, as of 30 June 2024, the average MySuper administration fee on a $50,000 balance was 0.36% within the retail fund sector - up 0.03% from FY23. In contrast, the ...

Inside Colonial First State's fund manager selection overhaul

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
Colonial First State (CFS) managed the two best-performing MySuper options over the year to March 31. The wealth management and superannuation provider's head of equities Ben Lam explains the "art and science" behind its recently evolved manager ...

Prime Super calls time on sustainable option

JAMIE WILLIAMSON  |  THURSDAY, 15 MAY 2025
... of Prime Super's total funds under management. Those still invested in the option on June 4 will be moved over to the MySuper/Balanced option. The closure follows Prime Super announcing it will change administration fees and costs from July.

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members to MySuper products. The case was brought by Maurice Blackburn on behalf of MasterKey members in 2020. Out of the $64.25 million agreed ...

Aware Super on hunt for new chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 1 MAY 2025
... the 10 years to March end, returning 7.8%. It ranks third over seven years with a return of 8.2%. Where the Rainmaker MySuper index achieved 5.4% for the 12 months to March end, Aware Super's default option returned 6.3%. She said the fund is delighted ...

Webull launches SMSF account offering

ANDREW MCKEAN  |  MONDAY, 14 APR 2025
... superannuation system, with average fees of 0.65% per annum, according to Rainmaker Information. That compares to 1% for MySuper products and a system-wide average of 0.93%, which continues to decline. But whether greater control benefits younger investors ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... superannuation trustees ASIC examined, the two fastest, Avanteos, the trustee of Colonial First State's FirstChoice Employer Super MySuper and Essential Super MySuper, and UniSuper, charged comparatively low administration fees of $70 and $80 per year ...

CareSuper to merge with meat industry fund

ANDREW MCKEAN  |  MONDAY, 17 MAR 2025
... entities. "The fund's sustainability metrics, as a result of COVID, weren't great..." Kaspar said. CareSuper's balanced MySuper default investment option returned 10.6% over the year to January 31, 6.3% over five years, and 7.2% over 10 years, according ...