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Showing 901 - 910 of 1261 results for "MySuper"

AFA to lobby for MySuper opt in arrangement

LAURA MILLAN  |  FRIDAY, 17 OCT 2014
The Association of Financial Advisers (AFA) is concerned that mandatory transfer to default MySuper products could lead to consumers losing their existing insurance arrangements and asked for an opt-in arrangement to MySuper. AFA chief executive Brad ...

ISA proposes new restrictions on retail super

JAMES FERNYHOUGH  |  THURSDAY, 16 OCT 2014
... "self-interested." Brogden claimed retail funds had outperformed industry funds since the GFC, adding that the latest MySuper data from APRA supported this trend. "We cannot continue to have a selection process for default superannuation that allows ...

Low cost retail jumps 82pct

STAFF WRITER  |  MONDAY, 13 OCT 2014
... low cost retail segment to amount to less than $10 billion, the segment is inline for rapid growth underpinned by the MySuper transition and impact of FOFA. Rainmaker has just released its June 2014 Advantage report containing results of its June 2014 ...

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors. The Financial Services Council (FSC) claimed that the figures, released yesterday by the Australian Prudential Regulation ...

Super returns lift to 11.1%

STAFF WRITER  |  FRIDAY, 3 OCT 2014
The SelectingSuper MySuper (ie Workplace) rolling 12 month performance index increased during August to return 11.1% compared 10.6% at end July, albeit still down from June's 12.7%. Three year super fund average annual returns are also 11.1% pa with ...

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
Superannuation regulator APRA has just released its first set of hard MySuper statistics and they reveal the transition to MySuper is happening faster than expected and the role of life stage investing bigger than anticipated. There are 116 MySuper ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
The Australian Prudential Regulation Authority (APRA) will treat MySuper product data as non-confidential, following a period of industry consultation. APRA said the industry "generally supported" APRA's proposal to treat data as non-confidential if ...

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
... Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager ...

MySuper hurts low balance members: UniSuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Members with very low balances are considerably worse off under the MySuper flat fee rules, according the UniSuper chief executive Kevin O'Sullivan. O'Sullivan said that since the MySuper rules did away with member protection, in some cases members ...

Extend MySuper to retirement: ASFA

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
... government's review of retirement income stream regulation, ASFA said this whole-of-life approach could mean extending MySuper into the retirement phase, as 'MyPension'. ASFA chief executive Pauline Vamos said the whole-of-life approach "includes streamlining ...