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Showing 1 - 10 of 36 results for "Platform products"

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... for trustee-directed products (TDP) launched last year. Ninety-six TDPs failed the test, of which 20 were non-platform products (4%) and 76 were platform products (25%). After conducting an audience poll, Chu said that many agree that the test encourages ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... continuing to assess super fund fees in the test but suggested raising the representative member to $100,000 for non-platform products and $250,000 for platform products, up from the current $50,000, as member balances grow. Additionally, the Institute ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... trustee-directed products both on and off-platform. Of the 96 trustee-directed products to fail, 20 are non-platform products (4%) and 76 are platform products (25%). Further, on-platform products represented just 5% of the total FUM assessed, 50% of ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... superannuation and chief distribution officer Mark Oliver echoed many of AMP's concerns. Applying the test to platform products is "ill-conceived", he said, adding that the methodology designed for MySuper, where members have one product, is in stark ...

AMP adds options to MyNorth

ANNABELLE DICKSON  |  FRIDAY, 29 OCT 2021
... The new fee applies to superannuation, pension and IDPS clients across the MyNorth, North, Summit and iAccess platform products. The recent fee cut follows on from a reduced administration fee, up to 22% in savings for balances above $250,000. Administration ...

AMP North reduces fees, adds options

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... from $34 and applies to superannuation, pension and IDPS clients across the MyNorth, North, Summit and iAccess platform products. The recent fee cut follows on from a reduced administration fee up to 22% for balances above $250,000. Administration fee ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... third of the non-super investment market is now concentrated in managed accounts. Five of the 10 fastest growing platform products are either managed accounts of offer model portfolios. The fastest growing are Pursuit Focus Allocated Pension, BT Panorama ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... $111 billion for 16.2% followed by CFS with 15.7%, MLC with 12% and Macquarie with 11%. The fastest growing platform products were NAB-owned Plum Retirement Income, AMP-owned MyNorth and the IOOF-owned Pursuit Focus Allocation Pension.

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... Chidgey says over the last two years, bigger platforms have been losing market share quite sharply to separate platform products (SPPs). "The fear was - if you had a vertically integrated business - that it could accelerate the trend of big books of ...

Government amends key super reforms

JAMIE WILLIAMSON  |  WEDNESDAY, 14 NOV 2018
... products, even where there is a no investment option. "I would like to make it clear that there was no carve-out for platform products in the original Bill, however this change will put any concerns to rest," he added. The amendments were expected to ...
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