Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW
Search ResultsShowing 71 - 80 of 100+ results for "MySuper"
Super to lose $3tn by 2040
JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... the next six months after the government's announcement yesterday that the scheme has been extended to December 31. MySuper products are also expected to demonstrate an average return of -0.7% for last financial year - the lowest returns since the ...
Super fund COVID-19 requirements to remain
ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... notional principal of the foreign exchange program and report the unrealised gains or losses. In addition, if a fund's MySuper product has assets managed by an external fund manager under mandates, the full value of the product needs to be put in ...
Super to tip into negative cash flows: Research
ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... funds going cash flow negative does not mean that members lose money. Rainmaker expects super fund returns in default MySuper options to remain relatively buoyant despite taking a hit from the pandemic.
Australian Ethical posts record results
ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... has reported record inflows of $660 million for the financial year, telling Financial Standard that it's balanced MySuper offering returned 6.9% net of fees for the quarter. For the 2020 financial year, Australian Ethical's balanced option returned ...
Research slams ADL definition
ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Consumers Australia referred to this as discrimination against those working limited hours. Suncorp's insurance in its MySuper product was highlighted as one of the most restrictive, requiring a person to be employed for 15 or more hours per week "on ...
APRA funds can learn from SMSFs: Rice Warner
ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... and where their accounts cannot be linked due to outdated administration platforms," it said. "Further, shifting from MySuper into a retirement product is tedious with cumbersome paperwork." Rice Warner said as APRA funds look to providing advice for ...
ATO can make cost of advice cheaper: Asher
KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... that more direct government intervention may be required - just like the introduction of the Superannuation Guarantee, MySuper and even Account Based Pensions," Asher said in the recently-published dialogue paper titled: Developing the Retirement Income ...
Balanced options in the red, but only just
ALLY SELBY  |  TUESDAY, 7 JUL 2020
... Australia's superannuation system recuperating much of their losses in lighting speed. "Rainmaker estimates its SelectingSuper MySuper index for FY 2019-20 will come in at -0.7%," he said. This is based on Rainmaker's full sample up to end of ...
Colonial First State cops licence conditions
JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... formed the view that CFSIL's decisions not to bring the migration of certain cohorts of its FirstChoice members into MySuper products forward from just prior to the legal deadline, and to grandfather certain fee arrangements, may not have been in ...
Super for women under scrutiny
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... to cover its additional services. Verve offers a single investment strategy, Verve Super Balanced, and does not offer a MySuper product. The fund charges a $1.80 a week administration fee, amounting to $93.60 a year plus 0.79% per annum. The $93.60 fee ...
Link to something giekSr6S