POWERED BY MOMENTUM MEDIA
TWUSUPER receives MySuper approval
TWUSUPER's balanced default investment option will become its MySuper investment option following approval from the Australian Prudential Regulation Authority (APRA).
TWUSUPER chief executive Debora Jackson said the change should not affect members as it had been well placed to meet APRA's criteria for MySuper.
"For 30 years TWUSUPER, the industry fund for the transport and logistics industry, has delivered its members a strong service offering, with low fees, no commissions, and of course, all profits to members," she said.
"And as our MySuper product is the same balanced option product that TWUSUPER has always offered, there will be no change for our members who are in the default option."
The fund will launch a new ‘Toolbox' for employers this week, which allows them to keep up with Stronger Super changes.
It has over 130,000 members with more than $3 billion under management.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Introducing reforms for strengthening simpler and faster claims handling and better servicing for First Nations members are critical priorities, according to the Super Members Council.
The Commonwealth Bank has warned that uncapped superannuation concessions may be “unsustainable” and has called for the introduction of a superannuation cap.
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
