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Showing 1 - 10 of 12 results for "Choice Funds"

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... important recommendations that we strongly oppose, and which need to be addressed, are banning ongoing advice fees within Choice funds and banning life insurance commissions," the AFA noted. "It was Commissioner Hayne who recommended the banning of all ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
... view on the sustainability of several funds in the sector. Out of 78 funds APRA found 38 funds (both MySuper and Choice Funds) were sub-scale with declining sustainability metrics. More than half of small funds under $10 billion in assets under management ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... fund to have passed the test before a member can be stapled to it," Scheerlinck said. Under the current legislation, choice funds - representing millions of Australians and containing more than $500 billion in assets - are exempt from performance testing. ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... Treasury Laws Amendment (Your Future, Your Super) Bill 2021, Cbus chief executive Justin Arter is concerned that choice funds have the most underperformance and is pushing for them to be included in the benchmarking. "Funds that would not be captured ...

Choice members worse off in retirement: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... choice sector has a higher proportion of older members invested in defensive assets, high fees charged in most retail choice funds are also key factors behind the underperformance, the research said. The difference between choice total fee fees (excluding ...

Government superannuation reforms shelved

EMMA RAPAPORT  |  TUESDAY, 5 DEC 2017
... exclusion of "choice" funds from the legislation. "We hold real concerns about the transparency measures in regards to choice funds," Patrick told The Australian. "We support transparency measures but we cannot in good conscience support this bill until ...

Hillross nudges $1bn in FUM

BEN COLLINS  |  TUESDAY, 15 JAN 2013
... said the $1 billion milestone for its Experts' Choice product was a great result in a tough market. "The Experts' Choice Funds have grown from $500 million at the end of 2008 to more than double its size over a challenging period that included the global ...

APRA changes to Super data collection unrealistic: IQ Group

MARK STORY  |  WEDNESDAY, 7 NOV 2012
... these new reports for APRA are multi-layered and require data about MySuper products for 'sub-funds' and for certain choice funds. There will be reporting of multiple levels of returns, including gross returns (including incorporation of hidden costs) ...

MTAA Super is fund of the year

ALEX DUNNIN  |  MONDAY, 10 NOV 2008
... the industry paradigm. MTAA Super was also awarded the SelectingSuper Workplace Super Fund of the Year for value-choice funds. Host-Plus for the Workplace Super Fund of the Year won in the deluxe-choice category. The open-architecture platform Netwealth ...

Record fall in super fees

ALEX DUNNIN  |  MONDAY, 1 SEP 2008
... and financial advice support, rather than just what segment a fund operates in, said Keevers. "For example, VALUE-choice funds have average fees of 1.37 per cent and usually come with only limited access to financial advice while DELUXE-choice funds ...
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