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Showing 861 - 870 of 1261 results for "MySuper"

APRA releases super performance profiles

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... assets totaled $1.93 trillion with a 9.3% increase in total superannuation assets from December 2013. Total assets in MySuper products totaled $395.7 billion at the end of the December 2014 quarter with a 36.5% increase in 12 months.

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... money," Loane said. "All employees should be able to exercise choice of fund and all employers should be able to choose any MySuper product to be the default fund for their workplace." Loane added that in the Financial System Inquiry, choice and competition ...

Chief operating officer departs legalsuper

DARREN SNYDER  |  WEDNESDAY, 13 MAY 2015
... five years. Legalsuper currently holds more than $2.5 billion in assets on behalf of 42,000 members. Members with the MySuper Balanced (formerly MySuper Growth) option have earned an average annual return of 8.9% between legalsuper's inception in 1989 ...

Legalsuper finds savings in manager reshuffle

MARK SMITH  |  MONDAY, 4 MAY 2015
... fees, helped by strong growth in legalsuper's assets. Since the beginning of the current financial year, legalsuper's MySuper balanced investment option aggregate fee for a $50,000 balance has reduced by 19%. "This review has culminated in the delivery ...

Superannuation trustees under the spotlight: APRA

DARREN SNYDER  |  THURSDAY, 30 APR 2015
... some cases, this may mean planning for exit from the industry. This is particularly relevant for those trustees offering MySuper products. We would encourage all trustees, however, to embrace change, challenge past approaches and practices when necessary ...

APRA releases super reporting standards

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
... the reporting of investment data and data that is otherwise required to be included in Product Disclosure Statements for MySuper products. In a statement APRA said it has also deferred the reporting of some investment performance data until legislative ...

ISA urges government to keep super safety net

ALEX BURKE  |  FRIDAY, 24 APR 2015
... retained, arguing that scrapping it would collectively cost employers $1.8 billion. Dropping the safety net would allow retail MySuper funds to compete in the default superannuation sector, but ISA's statement said it would "impose a time-consuming financial ...

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
... (FSI) submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles retail competition with industry funds ...

Industry responds to Grattan report

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
... mention the $21 billion cost, and it's around 1.1%. "That includes all choice and default products. Most people are in MySuper, though, and they're paying an average of 0.93%." "So most people are paying under 1%. Those in choice products are paying ...

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
... asset allocation." Financial Services Council (FSC) chief executive Sally Loane welcomed the focus on fees among default MySuper products especially as some of the lowest cost MySuper products are retail products, a point reinforced by separate research ...