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Showing 1 - 10 of 233 results for %22total MySuper%22

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... insurance cover in ART". Some examples of difference in cover include AvSuper members who have any amount of unitised death and total and permanent disablement (TPD) on the transfer date will become fixed cover in ART. ART's fixed TPD cover tapers ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... Thales and $137,000 in Elbit. In a $1.06 billion UniSuper portfolio, $13.9 million is in Honeywell comprising 1.21% of the total. An $8.5 million holding in Lockheed Martin made up 0.74%. Equip Super's MySuper option, for example, had as much as ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... cybersecurity stocktake involving more than 300 banks, insurers, and super funds. The update on priorities comes as Australia's total retirement savings pot marches steadily towards $4 trillion. Statistics released by APRA yesterday show total super ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... investment return objectives. Separately, the super fund has disclosed its financial position in a statement, revealing total assets to be approximately $624 million as of June 30. Vanguard Super was launched in November of last year, and a key distinguishing ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... approximately 42,000 members are invested - annual fees and costs will be 0.62%, up from 0.52%. Subsequently, the fund's total expense ratio will rise from 1.09% to 1.19%. Legalsuper chief executive Luke Symons told Financial Standard that the fund ...

Cbus appoints new head of infrastructure

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... five-year strategy, which expanded internal asset management from 9% to 38% as of June 2022 and resulted in $512 million in total investment fee savings. "It's an exciting time at Cbus following the release of our new five-year investment strategy ...

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... 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 AMG MySuper option receive the best ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... performance test marks the first time trustee-directed products have been included in the test, with APRA assessing 805 in total. Of these 12% failed - but they represent 27% of the total funds under management in trustee-directed products both on and ...

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... infrastructure, and alternatives will be slashed. The fund also announced a raft of changes to its investment fees and costs. The total investment cost for the core strategy, balanced, diversified, high growth, cash, shares, Australian shares, and overseas ...
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