Search ResultsShowing 1 - 10 of 100+ results for "MySuper"
Statewide revises down investment objectives, ups fees
ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... 4% to 3.5% and the conservative option went from CPI+ 1.5% to 1%. There were no changes to the other options, with its MySuper offering maintaining an investment objective of CPI+ 3%. At the same time, the fund announced the dollar-based administration ...
APRA heat map update in doubt
HARRISON WORLEY  |  MONDAY, 23 MAR 2020
APRA's June update to the MySuper heat map is in question, as the prudential regulator suspends the majority of its supervisory and policy initiatives to zero in on the health of its regulated entities amid COVID-19. The prudential regulator has ...
Perpetual exits MySuper
JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
A $16.5 billion industry superannuation fund is set to take over Perpetual's MySuper offering in a successor fund transfer. On or around May 1 members of Perpetual MySuper will transfer to CareSuper. According to Rainmaker data, the transfer will ...
APRA locks in mid-year heat map update
HARRISON WORLEY  |  THURSDAY, 19 MAR 2020
APRA has committed to releasing an updated portion of its controversial MySuper heat map in June to reflect the actions of superannuation trustees over the seven months since its initial release. The prudential regulator is set to release an updated ...
AMP Life, AMP Capital fined
ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications ...
ASIC drags CFS to court over MySuper
ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications ...
MLC changes super fees, adds menu
KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... products with higher fees and paying commissions to financial advisers that would have been banned if they were in a MySuper product, Financial Standard reported in January.
Lack of independence must be made clear: ASIC
ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... accounts be renewed annually. The recommendation states that the deduction of any advice fee from super accounts, excluding MySuper accounts, should be prohibited unless the requirements about annual renewal, prior written identification of service and ...
Super women: Female-led funds on top
ALLY SELBY  |  FRIDAY, 6 MAR 2020
... life. That's according to the latest data coming out of Rainmaker Information, which found that female-led funds with MySuper products perform better than their male-dominated counterparts. Funds with MySuper products have an average of 38% female ...
Northern Trust climbs custody league tables
HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
... equity, debt and infrastructure. "For example, for funds that disclose their allocation benchmarks, the APRA Quarterly MySuper Statistics for December 31 2019 show unlisted equity allocation targets range from 0% to 12%. The asset weighted average was ...
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