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Showing 1 - 10 of 40 results for "MySuper members"

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... year. "Because super is a long-term investment, we believe this change is in the best financial interests of our MySuper members," it said. "Under the updated strategy, we'll invest 100% of your account balance in our High Growth Pool until you turn ...

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
... said: "Delivering strong and sustainable investment returns is a priority and this is a pleasing result for AMP MySuper members. The returns demonstrate that AMP's Lifecyle MySuper is working for members as intended." Meanwhile, AMP's MySuper ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
... default option achieved 8.22%, while Cbus did 8.5%. Ahead of them is Australian Retirement Trust, returning 10% to MySuper members. According to Rainmaker, in terms of full-year returns, TelstraSuper and AvSuper are ones to watch. To May end they returned ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... well-functioning financial system: efficiency, resilience, and fairness. One example of an APRA metric assesses the number of MySuper members in a high-fee, poor-performing super funds. A metric for ASIC will assess the average time it takes to complete ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... Guide SPG 227 Successor Fund Transfers and Wind-ups, and to develop new requirements for a prompt transfer of MySuper members in the event of the cancellation of a MySuper authorisation. ARPA's enhanced guidance will outline expectations of prudent practice ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... member Margaret Cole said. "Equally positive is that the performance test has contributed to over 5.1 million MySuper members (just over 38%) now paying lower fees than they were last year. "This is the culmination of APRA's intensified supervisory ...

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
... expand its menu, LGIAsuper has reduced fees across most of its investment options, including by more than 30% for MySuper members. Effective March 31, the total of investment and administration fees have been reduced across LGIAsuper's MySuper, Aggressive ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... members. However, APRA has made several determinations, including that AMP's failure to provide over 2000 MySuper members with default insurance cover between 2014 and 2019 is likely a breach of the SIS Act, and that AMP did not effectively ensure ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... with its in-depth investment expertise to support CFS' efforts to deliver enhanced investment outcomes to its MySuper members," Landman said. "We have a strong heritage in serving Australian superannuation entities and we recognise it is a great responsibility ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... Occupational exclusions in default insurance policies affect the automatic acceptance of default cover for some new MySuper members and may also have significant consequences where a member changes occupation, Senator Jane Hume said. The FSC said Australians ...
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