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Showing 61 - 70 of 378 results for "MySuper products"

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... Aussie equities (21%) and global stocks (30%). An analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... Australians have a better financial future." At August end BT Super and its ASGARD Employee Super were among the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. About a month later Financial Standard was first to report ...

Test-induced movement marginal: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 10 NOV 2021
... since the results were announced. This equates to just 4.2% of the total assets held in these products. Of the 76 MySuper products assessed by APRA, 13 of them failed. These products were AMG MySuper, ASGARD Employee MySuper, Australian Catholic Superannuation ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... Conference, APRA general manager Katrina Ellis was asked why the regulator didn't publish the quantum by which MySuper products passed or failed the test. To fail, a product must score at least 50bps below the combined investment (net of fees) and ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... delivering poor investment returns. APRA found that choice products charge 40% more in administration fees than MySuper products on a median basis using a member with a $50,000 balance. After examining 568 choice products with 43,000 investment options ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently pay less than ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... portfolios. The deal follows CFS's failure of the Your Future, Your Super performance test in August alongside 12 other MySuper products. "It is important for our members that we act quickly to ensure that our MySuper products not only meet the benchmark ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... this week, with the government looking to find solutions to problems that arise from occupational exclusions in MySuper products. Occupational exclusions in default insurance policies affect the automatic acceptance of default cover for some new MySuper ...

Lifecycle now MySuper mainstream: Rainmaker

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
... That said, it's half the differential the same comparison in 2019 found. As of June 2021, there were 67 generic MySuper products on offer, 21 of which were lifecycle options totaling $316 billion in FUM. About half of this FUM is owned by members in ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... with immediate effect. In the days leading up to his resignation, the $6 billion fund was named as one of the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. Following that, the Sydney Morning Herald reported claims ...