Failing super funds named and shamed
WebDec 8, 2024 · More than 200 companies have been named and shamed by ministers for failing to pay staff the minimum wage, including groups such as outsourcer Mitie, transport firm Go-Ahead and food producer ... WebSep 14, 2024 · The $5.1bn Industry Fund Prime Super was second, seeing a 23 basis point gain for its My Super Product. Its seven-year fee average is 0.6 per cent, but its fee in the last financial year was just ...
Failing super funds named and shamed
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WebOct 6, 2024 · The Morrison government will require funds to take an annual performance test from July 2024 and those which fail to produce good returns for members will be publicly listed as an underperforming ... WebSep 1, 2024 · THE FAILURE LIST. The largest funds to fail were Colonial First State FirstChoice Superannuation Trust and BT Super’s Retirement Wrap, who between them …
WebOct 6, 2024 · The Morrison government will require funds to take an annual performance test from July 2024 and those which fail to produce good returns for members will be publicly listed as an underperforming ... WebJun 29, 2024 · No surprises that industry super funds topped the investment return rankings in the government’s new YourSuper comparison tool. AustralianSuper and …
WebSep 2, 2024 · The named-and-shamed funds include AMG Super, LUCRF, Colonial First State’s First Choice Employer Super Fund, Maritime Super, Christian Super, Commonwealth Bank Group Super and EISS Super. WebAug 31, 2024 · A total of 76 MySuper investment options have been graded as either "pass" or "fail" — based on the Australian Prudential Regulation Authority's (APRA) test of comparison of fees versus ...
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WebAug 31, 2024 · More than a million Australians have their retirement savings tied up in underperforming super funds, which have been named and shamed in a bid to force them to lift their game. nzx briscoes stockWebSep 30, 2024 · Lower fees mean more money left to grow your nest egg. Canstar’s research has found for a 35-year old with $60,000 in a typical growth super fund option, the annual fee ranges from $372 to $1464 ... nzx by market capWebAug 31, 2024 · August 31, 2024 - 6:36PM. Banking and finance regulator APRA has named and shamed Australia’s five worst default superannuation funds. The biggest fund to fail APRA’s performance test was BT ... maharashtra metal works private limitedWebDec 16, 2024 · Regulator APRA's analysis covers about 60 per cent of Australia's $3.4 trillion super industry. It finds that super funds are failing to meet benchmark tests and charging high fees compared to ... maharashtra metro rail corporation vacancymaharashtra metal works pvt ltdWebNov 25, 2024 · The Australian Bureau of Statistics says retail trade rose 0.9 per cent in April. Photo: AAP. Australian favourites Myer, Just Jeans and Peter Alexander have been … maharashtra migration tracking systemWebWho the biggest super winners are this year Failing super funds named and shamed • Personal details such as who gets the super and insurance if you die. Source: QSuper, Canstar. nzx clearing and settlement rules