Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 204 results for "MySuper option"

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 ...

Industry fund ups admin fees

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... lowest cost super funds in the country and that the administration fees will continue to be among the lowest for a MySuper option. According to analysis by Rainmaker Information, following the fee increase MIESF's MySuper option will be the 10 th lowest ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... remain focused on helping all members achieve their best financial position in retirement," Schroder said. LUCRF's MySuper option was among the 13 funds that failed the Your Future, Your Super performance test in August. The fund confirmed it was exploring ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Choice products charge significantly higher and tend to underperform compared to MySuper options, new analysis by APRA finds. Ahead of unveiling the inaugural Choice Product Heatmap, the prudential regulator released staggering statistics that will ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

REI Super makes drastic fee changes

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
... across many of its options and making changes to the indirect cost ratios applied. For example, for the balanced MySuper option, the investment fee is increasing slightly from 0.58% to 0.60% while the ICR is being reduced marginally from 0.12% to 0.11%. ...

Lifecycle now MySuper mainstream: Rainmaker

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
The share of funds under management held in lifecycle MySuper options has almost doubled in the last eight years as single strategy products drop off, but member balances at age 65 still don't quite stack up. This is one of Rainmaker Information's latest ...

OnePath tops Fat Cat super fund list

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
... index fund with similar risk (after fees and taxes)." APRA's inaugural performance test revealed that AMG's MySuper option failed to meet its standards, together with offerings by EISS Super, BT Super and CFS.

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... industry in NSW and ensuring the funding position of the defined benefit fund was returned to surplus." The fund's MySuper option has underperformed the median option to July end over one, three, five, seven and 10-year periods. For example, its MySuper ...