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Showing 81 - 90 of 1260 results for "MySuper"

Super funds 'playing to their strengths' in private markets

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... unlisted assets but did not adjust other options with exposure to the same underlying unlisted assets - including HESTA's MySuper option - until a week later. "The superannuation fund experience demonstrates that private assets can play a positive role ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... unlisted assets but did not adjust other options with exposure to the same underlying unlisted assets - including HESTA's MySuper option - until one week later. APRA was concerned that the fund's decision making processes for out-of-cycle revaluations ...

CareSuper, MIESF assess merger potential

JAMIE WILLIAMSON  |  TUESDAY, 19 NOV 2024
... located in Victoria and half are under the age of 40. It's a steady performer, having achieved a net return of 7.82% to MySuper members over 10 years to June 30. Still, the fund has gained less than 5000 members since 1983. It faces challenges as ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... strong investment performance as its five-year transformation program takes shape. The $70 billion super fund's default MySuper investment option delivered a "healthy" 9.1% return over the past financial year, while its aggressive option generated a ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... improve transparency in superannuation, in October APRA released a package of performance metrics and insights for 876 MySuper and Choice products, which collectively represent most types of investment offerings for accumulation members. "We are currently ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... super funds, according to Rainmaker Information. "Regulatory guidance exists for disclosure documents or a fund's MySuper dashboard, but when it comes to how fees are presented on websites, social media and in advertising, there is no consistency. ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... also showed strong performance in retail super, with FUM rising 9.9%, making it the second fastest-growing segment after MySuper. Not for profit (NFP) funds' FUM increased by 9.1%, while small funds, predominantly self-managed super funds, saw growth ...

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... decrease in five-plus years. In July, the super fund introduced several changes to its investment exposures and fees. MySuper, Choice, and TTR Income products divested from listed infrastructure and listed property. As a result, the super fund increased ...

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... billion), and 225 were retirement products ($442 billion). This compares to the more than $1 trillion allocated over the 57 MySuper products in the corresponding period. The average account balance of those in a default option ($69,000) is almost half ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... significantly higher admin fees and costs and whether the products can become more efficient so they can reduce them. APRA said MySuper products have relatively low fees and costs and that those offerings should "serve as a reference point for cost competitive ...