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Showing 71 - 80 of 1275 results for "MySuper"

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... have a balance of $362,000 on average from a total of 1.4 million member accounts. This trumps the average balances of MySuper, Choice accumulation and Choice transition to retirement products of $71,000, $132,000 and $230,000 respectively. The AustralianSuper ...

AMP launches superannuation feature to boost retirement income

ANDREW MCKEAN  |  MONDAY, 2 JUN 2025
... release in their account. The feature has been automatically added for eligible AMP Super Choice members, while eligible MySuper members have the option to add it.

ART pinged by ASIC over misleading returns data

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... fined by the regulator after it was found to have showcased better returns than what was really being achieved for its MySuper option. ASIC alleged ART misled consumers by publishing outdated performance data for its Lifecycle Investment Strategy between ...

Quality over quantity: CareSuper on mergers

JAMIE WILLIAMSON  |  THURSDAY, 29 MAY 2025
... Retirement Fund in 2018. Meantime, CareSuper had previously merged with Asset Super in 2012, and gobbled up Perpetual's MySuper offering in 2020. However, Murray said to actively chase down other funds in pursuit of size "would be a confusion of ...

Industry funds feast, retail funds snack, corporate funds freefall

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
... Lifestage (1980-1984), each delivering a 7.4% return, according to Rainmaker Information. Next came AMP Signature Super - AMP MySuper 1980s (6.6%), Vanguard Super SaveSmart - Lifecycle Age 47 and under (6.5%), and Virgin Money SED - LifeStage Tracker ...

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
BUSSQ MySuper and Premium Choice account holders will see lower administration fees, however their insurance costs will rise from July 1. The $7 billion super fund will no longer charge members a weekly administration fee of $1.75 ($91 per year) and ...

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 ...