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Search ResultsShowing 1 - 10 of 100+ results for "MySuper"
ATO can make cost of advice cheaper: Asher
KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... that more direct government intervention may be required - just like the introduction of the Superannuation Guarantee, MySuper and even Account Based Pensions," Asher said in the recently-published dialogue paper titled: Developing the Retirement Income ...
Balanced options in the red, but only just
ALLY SELBY  |  TUESDAY, 7 JUL 2020
... Australia's superannuation system recuperating much of their losses in lighting speed. "Rainmaker estimates its SelectingSuper MySuper index for FY 2019-20 will come in at -0.7%," he said. This is based on Rainmaker's full sample up to end of ...
Colonial First State cops licence conditions
JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... formed the view that CFSIL's decisions not to bring the migration of certain cohorts of its FirstChoice members into MySuper products forward from just prior to the legal deadline, and to grandfather certain fee arrangements, may not have been in ...
Super for women under scrutiny
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... cover its additional services. Verve offers a single investment strategy, Verve Super Balanced, and does not offer a MySuper product. The fund charges a $1.80 a week administration fee, amounting to $93.60 a year plus 0.79% per annum. The $93.60 fee ...
APRA heatmap sees members save on fees
JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...
Super fund members compensated
JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday members have received about $2.6 million in compensation after two third-party ...
Rice Warner questions super return targets
HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... optimistic". "The layperson would not understand the peer differences in asset allocation and risks taken; the information in MySuper disclosure documents necessarily is dumbed down to meet broad community levels of financial illiteracy," Rice Warner ...
Volatility wreaks havoc with heat map measures
HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... analysis shows the relationship between risk and return has practically vanished, leaving many funds exposed to APRA's MySuper heat map investment performance measure. New analysis prepared by Frontier Advisors principal consultant David Carruthers reveals ...
Industry fund in successor fund transfer
JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
... to long term. The transfer will result in a reduction in both administration and investment fees for members, in both MySuper and Choice options. In addition to cost benefits, Smartsave was apparently selected as the preferred fund as it can also provide ...
AustralianSuper gives Rio Tinto slap on the wrist
ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... options. The majority, 79% or $715 million, of that holding comes from member money in AustralianSuper's default MySuper investment option. The mining giant is the fund's 10th largest Australian equities holding. "We've had two or three conversations ...
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