Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW
Search ResultsShowing 1 - 10 of 10 results for "YourSuper"
Continuous disclosure laws to stay
KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... memorandum reads. The bill covers four key areas: stapling; addressing MySuper funds' underperformance; launching the YourSuper comparison tool; and the best financial interest duty. Under the new stapling rules, the Australian Institute of Superannuation ...
Super concerns over legislation: Schroders
ANNABELLE DICKSON  |  FRIDAY, 22 JAN 2021
... impact on member outcomes for asset allocation - usually the most important source of investment returns. And of the YourSuper comparison tool, the firm said it will not be able to compare the data accurately given its simple metric.
Rice Warner weighs in on Your Future, Your Super
KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... underperformers with little risk that potential new members will end up in underperforming funds. Rice Warner thinks the YourSuper comparison tool will not be able to accurately and equitably compare performance given its simple metric. "Setting YourSuper ...
Prioritise underperformance over stapling: AIST
KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... pointed out that all fees should be included in performance comparisons. "The annual performance assessment and the YourSuper comparison tool should include administration fees to provide an overall net outcome measure. This will avoid confusing consumers ...
Your Future, Your Super reforms closer to legislation
KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... the super fund from accepting new members. In notifying about poor performances, trustees must alert members to the YourSuper comparison tool to help them compare and select a superannuation product that meets their needs. Treasury Laws Amendment (Measures ...
AIST pokes holes in Your Super, Your Choice
JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... choice products underperform MySuper products on average. "Without this, the members of products not included in the YourSuper comparison tool and performance assessment will be unable to compare the performance of their fund," AIST said. "It is important ...
Super reforms modest negative for AMP, IOOF: Credit Suisse
KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... below the benchmark two years in a row will be barred from receiving new members and listed as underperformers on a new YourSuper portal until they pick up their performance. Credit Suisse said 20% of AMP's funds under administration are from corporate ...
Super industry cautious on more reform
ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... performing funds for their retirement savings. We look forward to working with the government as it develops the proposed YourSuper comparison tool to inform consumer decision making." He also welcomed annual performance tests as a means to weed out ...
MySuper funds face new test, member bans
KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... period." Underperforming funds will have to inform their members by 1 October 2021. They will also have to provide them the YourSuper tool, where they will be listed as underperformers until they improve. The government is planning to fund this by increasing ...
Government declares record deficit, super reforms
JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... nowhere to hide and will be required to notify their members of their underperformance." The government will also launch YourSuper, an online portal aimed at educating Australians about super fees and returns. "Over the next decade, the reforms announced ...
PAGE:
1