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Showing 1 - 10 of 57 results for "Default MySuper"

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
Young Australians are missing out on higher superannuation returns by parking their retirement savings in default MySuper products, instead of exploring other investment options. Analysis of APRA data by Innova Asset Management revealed that an all-equities ...

Aware Super returns 10.7% for FY23

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
The super fund delivered 10.7% to members sitting in its default MySuper Lifecycle option, with investment chief Damian Graham saying a pivot away from certain unlisted asset sectors proved the right call. Aware's default MySuper option is a lifecycle ...

Aware Super deepens TAL relationship

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2022
... same time as several other changes being made to the VicSuper offering. For example, the fund is changing its default MySuper offering from a single growth investment option to a lifecycle product. It will be based around three key life stages: Grow ...

AMG Super to rebrand

JAMIE WILLIAMSON  |  MONDAY, 19 SEP 2022
... market-leading wealth management platform for advisers and their clients. As a result, we are moving away from offering a default MySuper product to new members," it said, in a move that was effective August 22. Now, as part of this new focus, AMG Super ...

Lutheran Super merger imminent

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
... Mercer Funds since 2017. Rainmaker Information data shows that, in the 12 months to June 30, Lutheran Super's default MySuper option returned -1.8%, ranking sixth overall. Over three years it ranks eighth on 5.3% and over five years it's returned ...

Median MySuper returns of -2.8% expected

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
Single strategy, default MySuper options are likely to deliver the fourth worst result in 35 years for the financial year just gone. According to the Rainmaker MySuper Index, default MySuper options are expected to see a median return of -2.8% for the ...

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... services to our members." Using data from last financial year, Rainmaker Information estimates the average fees for default MySuper products sits at 1%. Since 2011 and 2021, super fund fees dropped by a quarter, with about half of the reductions seen ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... funds that raised fees, 90% of these involved investment fees going up." Previous research by Rainmaker shows default MySuper fees have dropped to an average of 1%. In the last decade, super fees have fallen by a quarter, with about half of the action ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... June 2020 figures) of the APRA-regulated superannuation sector. They are typically more complex and varied than default MySuper products, making comparisons more challenging, Cole said. "The new Choice Product Heatmap will make clear which trustees have ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... have fallen by a quarter, with about half of the action taking place in the last three years alone. Six in 10 default MySuper products reduced fees in 2020/21, with fees now averaging 1% overall. The average default MySuper product now charges 1.08% ...
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