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Showing 1 - 10 of 53 results for "MySuper funds"

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
... average, according to Rainmaker's MySuper Index, thanks to higher tilts in equities. APRA figures show that MySuper funds had 53% invested in equites, of which 28% was in global stocks. Unlike super funds, which enjoy the benefits of large regular ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... executive Bernie Dean said Choice products will "almost certainly have a higher administration fee benchmark than MySuper funds" while products sold in a retail platform will likely have an even higher fee benchmark. Many members will be left in the ...

Super is enabling private market democratisation: PGIM

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... stock and bond prices are gyrating and plummeting, which has certainly been the case this year." According to APRA, MySuper funds allocated approximately 20% of assets to private equity, unlisted property and unlisted infrastructure, on 31 December 2021. ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... insurance commissions," the AFA noted. "It was Commissioner Hayne who recommended the banning of all advice fees in MySuper funds, this recommendation came from his lack of understanding of the value of financial advice and a tight view of the application ...

Hostplus and Maritime Super explore merger

ELIZABETH MCARTHUR  |  FRIDAY, 18 FEB 2022
... deliver exceptional outcomes for our expanded membership, including delivering one of the lowest admin fees of all MySuper funds, market-leading default investment outcomes - especially from our MySuper Balanced option which is ranked number one for ...

Christian Super hires former Mercer executive

ELIZABETH FRY  |  THURSDAY, 20 JAN 2022
... benchmark relative investment performance over all recent periods. Christian Super was in the top five single strategy MySuper funds in the past 12 months while Rider ran the portfolio, according to Rainmaker analysis. Piper also confirmed that the assessment ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... Authority has released the of all the funds it assessed showing another seven, including some of Australia's biggest MySuper funds only marginally passed the test. "Superannuation trustees need to focus on improving retirement outcomes for their members ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... inaugural performance test, Colonial First State (CFS) has appointed BlackRock to run strategies across its two MySuper funds. BlackRock won the mandate to provide investment services to CFS' FirstChoice Employer Super (FCES) and Commonwealth Essential ...

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 ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... "poorer-performing end of the spectrum", Scheerlinck noted. "While it's important to be performance testing MySuper funds, we need to recognise that this is the sector that generally outperforms other types of super funds where millions of members ...
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