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Showing 1 - 10 of 41 results for "MySuper offering"

Quality over quantity: CareSuper on mergers

JAMIE WILLIAMSON  |  THURSDAY, 29 MAY 2025
... Fund in 2018. Meantime, CareSuper had previously merged with Asset Super in 2012, and gobbled up Perpetual's MySuper offering in 2020. However, Murray said to actively chase down other funds in pursuit of size "would be a confusion of our past and ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
Employers who fail to pay superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans ...

Insignia Financial looks to slash redundancy entitlements

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2024
... and paid a $10.7 million fine as it continues to identify members whose contributions weren't directed to a MySuper offering when they should have been. That same day Insignia announced it would need to increase its remediation bill significantly ...

TelstraSuper produces 9.6% MySuper return

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
TelstraSuper's lifecycle MySuper offering turned around 9.6% for all its members under 50 who have not made an investment choice. The result, which is net of all investment fees and taxes, demonstrates the value of its lifecycle structure, chief investment ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
Australian Retirement Trust (ART) will be reducing the maximum account balance for the percentage administration fee from $800,000 to $500,000. Currently, the percentage fee applies to the first $800,000 of member account balances in each Super Savings ...

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
Australian Retirement Trust (ART) has announced a range of changes to its investment strategy and options. ART chief of retirement, Kathy Vincent, said the fund engaged its members, advisers and employers to co-design the new investment menu. "When ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... This year, 97 products underperformed the Your Future, Your Super test, including 96 Choice products and one MySuper offering. Collectively, the failed options hold about $4 billion in retirement savings on behalf of about 60,000 members. SCA director ...

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... members." In a statement following the release of the performance test results today, Acclaim noted that the MySuper offering accounts for just 10% of its total portfolio. "We are working closely with Equity Trustees to ensure members invested in the ...

Aware Super deepens TAL relationship

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2022
... time as several other changes being made to the VicSuper offering. For example, the fund is changing its default MySuper offering from a single growth investment option to a lifecycle product. It will be based around three key life stages: Grow, Manage ...

Brighter Super simplifies investment menu

JAMIE WILLIAMSON  |  MONDAY, 25 JUL 2022
... International Shares and Cash Enhanced options will remain. These changes follow the fund already aligning its MySuper offering and introducing a Socially Responsible and an Indexed Balanced option. It's just the latest step in the integration process ...
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