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

Search Results

Showing 1 - 10 of 1184 results for "MySuper"

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... close to $65 million to settle a class action that alleged it delayed transferring more than 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and MLC Nominees ...

TelstraSuper and Equip Super merger to go ahead

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... $750 per annum from the effective date of the merger of the two funds. In time, members will also benefit from a single MySuper option which will be developed with the fund's unique member characteristics in mind, the funds said. The investment menu ...

Australian Retirement Trust primed for growth: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... focus is now on future growth, and it expects ART will manage at least $500 billion by 2030. The research house gave ART's MySuper option a Gold Medalist Rating, as with the High Growth, Conservative, and Balanced Risk Adjusted options, while its Conservative ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... Australian Prudential Regulation Authority (APRA) released its quarterly superannuation performance publication and quarterly MySuper statistics report for the September quarter, showing superannuation assets have passed the $4 trillion mark. Total superannuation ...

Super funds 'playing to their strengths' in private markets

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... unlisted assets but did not adjust other options with exposure to the same underlying unlisted assets - including HESTA's MySuper option - until a week later. "The superannuation fund experience demonstrates that private assets can play a positive role ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... unlisted assets but did not adjust other options with exposure to the same underlying unlisted assets - including HESTA's MySuper option - until one week later. APRA was concerned that the fund's decision making processes for out-of-cycle revaluations ...

CareSuper, MIESF assess merger potential

JAMIE WILLIAMSON  |  TUESDAY, 19 NOV 2024
... located in Victoria and half are under the age of 40. It's a steady performer, having achieved a net return of 7.82% to MySuper members over 10 years to June 30. Still, the fund has gained less than 5000 members since 1983. It faces challenges as ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... strong investment performance as its five-year transformation program takes shape. The $70 billion super fund's default MySuper investment option delivered a "healthy" 9.1% return over the past financial year, while its aggressive option generated a ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... improve transparency in superannuation, in October APRA released a package of performance metrics and insights for 876 MySuper and Choice products, which collectively represent most types of investment offerings for accumulation members. "We are currently ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... super funds, according to Rainmaker Information. "Regulatory guidance exists for disclosure documents or a fund's MySuper dashboard, but when it comes to how fees are presented on websites, social media and in advertising, there is no consistency. ...
PREVIOUS
NEXT