MYSUPER

Superannuation

Total MySuper assets are approaching $1 trillion while the number of funds with more than six members has declined by 40 per cent over the last five years, according to A...

Superannuation

APRA has announced 96 trustee directed products and one MySuper product failed to meet the benchmark of its 2023 superannuation performance test....

Superannuation

OnePath Custodians has been fined $1.46 million for failing to direct 125 member contributions to a MySuper product....

Superannuation

There is a “very long list” of issues around the Choice heatmaps with Treasury acknowledging they have been significantly more complex for the prudential regulator to com...

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Superannuation

Margaret Cole says the pressure on trustees from the 2021 Choice Heatmap will lead to the removal of weaker performing products and drive better returns and transparency ...

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Superannuation

Despite questions being raised about the appropriateness and accuracy of the prudential regulator’s heatmaps, they do underscore the importance of advice, the Financial S...

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Superannuation

The prudential regulator has published its annual MySuper heatmap along with the first Choice heatmap....

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Superannuation

Australian superannuation members are unlikely to view and understand the MySuper Heatmap because of its complexity and unclear presentation, according to Chant West’s ge...

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Superannuation

Data from the prudential regulator has found members of underperforming super funds are not moving in significant numbers, despite receiving communication about the perfo...

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Features

Superannuation funds need to keep up with changing community expectations that can lead to regulatory changes with the latest one regarding marketing and sponsorship expe...

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Superannuation

Following the release of Choice super data, the Australian Institute of Superannuation Trustees is calling for the Government to amend legislation to prevent any member b...

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Superannuation

Administration fees on Choice products are 40% higher than for MySuper products, according to the regulator, with a $100,000 balance paying $391 per annum....

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Life/Risk

Financial Services Council superannuation and life insurance members will be prohibited from the use of exclusions and restrictive disability definitions because a super ...

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Financial planning

The prudential regulator has been questioned on whether its superannuation Your Future, Your Super test pass/fail result was enough to help funds improve. ...

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Superannuation

The prudential regulator is open to improving the system, particularly as it expects to include Choice products next year, but it wants to keep it simple for consumers....

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Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 1 day ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 1 day ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 2 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago