POWERED BY MOMENTUM MEDIA
Support grows for MyPension product
There is growing support within the superannuation industry for the implementation of a default post-retirement product.
A survey conducted by Super Review at last November's Association of Superannuation Funds of Australia (ASFA) Conference in Brisbane has revealed rising levels of support for a so-called "MyPension" product would be mandated in similar terms to MySuper.
Delegates to the ASFA Conference were asked whether, given the increased focus on post-retirement, they believed the Government should move for the development of a default MyPension product to be offered by each fund.
Nearly 65 per cent of respondents supported the development of such a "MyPension" product with just 32.4 per cent opposing such a move.
The result compares to responses to the same question posed in a survey conducted during the Conference of Major Superannuation Funds seven months earlier which revealed a little less than 59 per cent of respondents as being in favour of adopting a "MyPension" product with a full 40 per cent opposed to such a move.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
