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

Search Results

Showing 1 - 10 of 100+ results for "MySuper"

AMP reduces super fees

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
... set to make significant savings. As a result of consolidating its superannuation products from 11 to three, AMP's MySuper members will see an 8% drop on average across dollar administration and investment fees. Those in Choice products will see an ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... September 9 with immediate effect. In the days leading up to his resignation, the $6 billion fund was named as one of the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. Following that, the Sydney Morning Herald reported ...

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... completion of the transaction, CFS will be owned by Commonwealth Bank and KKR in partnership. FirstChoice was one of the 13 MySuper products to fail the Your Future, Your Super performance test. Ahead of the results, it also moved to cut its administration ...

NZ Super Fund delivers 30%

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
The New Zealand Super Fund continues to outperform Australian MySuper funds, posting its a best-ever return of 29.6%. The 2020-21 financial year saw the fund reach new heights of NZD$59.8 billion, an increase of NZD$15 billion year on year. It also ...

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... I respect and have agreed to..." Mundy said. Hutchison's departure comes 10 days after the fund was named among the 13 MySuper products that failed APRA's inaugural performance test, and a day after Sydney Morning Herald published reports of bad culture ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... misled members of its FirstChoice Fund on at least 12,978 occasions over nearly two years in relation to switching to its MySuper product. The court found CFS's communication (via letters and calls) may have encouraged members to stay in FirstChoice ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... the default option for workers, while others looked at the fund's historic returns and made claims of it outperforming MySuper. "The Future Fund is a professional and high performing investment fund, but to say it's the best fund in Australia is absurd," ...

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
MySuper products continue to deliver returns averaging 20% at the end of July, Rainmaker analysis shows. Rainmaker's MySuper Index returned 19.2% in the year to July 2021, surpassing June's rolling one-year return by 40 basis points. This makes July ...

NGS Super hikes fees

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... to the portfolio, and changes to how we collect data," it said. The $12 billion industry fund raise annual fees on its MySuper option by 10bps, as it goes from charging 62bps in investment fees and 7bps in transaction costs per year to the new fee structure ...

AustralianSuper to shutter property option

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... into it suspended from today. After September 10, the fund will switch members who don't switch themselves to its MySuper product. A spokesperson said the decision stems from "declining member demand" for the single-asset class option, which has ...
PREVIOUS
NEXT