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Showing 71 - 80 of 202 results for "MySuper option"

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... professional. AvSuper said the increases are necessary to continue providing the same level of cover. AvSuper's MySuper option was one of the 13 products to fail the inaugural performance test last year. Following that, the fund introduced a cap on administration ...

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
... products on offer. AMG Super will reduce the percentage-based component of the admin fee charged to members in its MySuper option, which currently sits at 0.41% of assets per year. From April 1, it will drop to 0.22% of assets per year. It will continue ...

Biggest ever super merger completes

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
Australia's largest ever merger between two super funds has seen the $130 billion QSuper and $97 billion Sunsuper merge to create Australian Retirement Trust. Australian Retirement Trust (ART) now has $230 billion in funds under management, making ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... fees though, at least not immediately. Upon merging, a Media Super member with a $50,000 balance invested in the MySuper option will pay $15 more a year, with annual fees and costs rising from $439 to $454. "Competitive fees and strong long-term returns ...

Cbus to launch new investment options

ELIZABETH MCARTHUR  |  FRIDAY, 14 JAN 2022
... with the possibility of future mergers in mind, as well as corporate superannuation markets. "Our default Growth MySuper option is a top quartile product, and we continue to view it as a superior product designed to suit most members," Fok said. "We ...

Lutheran Super prepares for merger

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JAN 2022
... management and just over 6000 members; about 70% of its members are female. To 30 November 2021, the fund's MySuper option achieved a one-year return of 12.9%. Over three years it's achieved 10.3% and 8.8% over five years. All of Lutheran Super's ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... changes in September 2019. The fund's investment returns have also varied widely since 2015. Last financial year its MySuper option achieved 16.82%, the previous year it saw -0.28%, and in 2018/19 it achieved 8.76%. According to Rainmaker data, Media ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... Growth, Christian Super's My Ethical Super, Commonwealth Bank Group Super's Accumulate Plus Balanced, EISS Super's MySuper option, LUCRF Super's MySuper Balanced, Maritime Super MySuper, ANZ Smart Choice Super, Australian Catholic Superannuation and ...

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
... which resulted in its failure of the inaugural performance test. According to Rainmaker data, Christian Super's MySuper option achieved 18.9% in the year to October 31, ranking 23rd overall. Over three years it's achieved 9.1% (30), 8.1% (43) ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... in the best interests of members to do so. The launch of an Expression of Interest process comes after AvSuper's MySuper option failed the inaugural performance test in August, forcing the fund to consider its future. "For more than 30 years AvSuper ...