Is Asgard closing down?
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Is Asgard closing down?
The formal Asgard notification states: From 5 December 2021, we’re closing the following products to new clients. The products affected are: Asgard eWRAP Investment and Super/Pension (Asgard eWRAP).
Who owns Asgard eWRAP?
Westpac Banking Corporation
Asgard is a subsidiary of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (Westpac). This eWRAP Investment Additional Information Booklet (this Booklet) has been prepared by Asgard.
What is eWRAP Investment?
Asgard Open eWRAP Investment is an administration facility where you have an easy-to-use wrap account that gives you access to cash, term deposits, managed investments and listed securities.
Is Asgard a good super fund?
Asgard’s lack of positive returns on supers investment over the last decade. Shows Asgard is seriously mishandling our financial futures and retirements by mismanaging our finances. Don’t let Asgard Financial ruin your finances like they did with mine. They are a firm to avoid at all costs.
Is Asgard underperforming?
Asgard Employee Super will shut in mid-October, with the 65,000 members in the fund’s underperforming default MySuper product moved into BT Super’s MySuper product, which also failed the Australian Prudential Regulation Authority’s (APRA) inaugural superannuation performance test in August.
Is Asgard and BT the same?
We’re closing the Asgard Employee Superannuation Account (AESA) product and transferring members to our flagship product and fund. As part of this we’re transferring your super from AESA to BT Super. The transfer will take a little bit of time and will commence in mid-October 2021 and be completed during November 2021.
What is Asgard eWRAP?
Asgard Open eWRAP is an easy-to-use wrap account that gives you access to cash, term deposits, more than 400 managed investments and a wide range of ASX listed securities. There are two types of Asgard Open eWRAP accounts: Investment – this is used for your general (or non-super) investments.
Does Asgard super still exist?
Since 1985, Asgard Superannuation has been working with financial advisers to provide superannuation products and services to suit the needs of members. Part of the Westpac group, Asgard has over 400,000 investors. Asgard Superannuation’s services are only available through financial advisers.
Is Asgard owned by Westpac?
Asgard is a member of the Westpac Banking Corporation (Westpac) group of companies which includes Westpac, Securitor Financial Group Limited, Westpac Life Insurance Services Limited, Westpac Securities Administration Limited, Westpac Funds Management Limited, BT Funds Management Limited, BT Investment Management ( …
What type of super fund is Asgard?
Asgard Employee Super forms part of a superannuation fund known as the Asgard Independence Plan Division Two ABN 90 194 410 365 (‘the Fund’) and is issued by BTFM. The Unique Superannuation Identifier (‘USI’) for Asgard Employee Super is ASG0007AU.
What is the best performing super fund?
10 top-performing super funds
| Super fund | 10-year return |
|---|---|
| Cbus MySuper | 10.3% |
| VicSuper MySuper | 10.2% |
| Australian Retirement Trust Balanced (previously Sunsuper) | 10.2% |
| Aware Super Growth | 9.9% |
Which is the best super fund Australia?
Top 20 performing super funds (Balanced)
| Super fund | Investment option | 10 yr return (% per yr) |
|---|---|---|
| AustralianSuper | Balanced | 10.6% |
| UniSuper | Accum (1) – Balanced | 10.6% |
| Cbus | Growth (Cbus MySuper) | 10.3% |
| VicSuper | FutureSaver – Growth (MySuper) | 10.2% |
What is a good annual return on super?
All risk categories have also met their long-term return objectives, which typically range from CPI (a measure of inflation) +2% for Conservative funds to CPI +4.25% for All Growth….Super fund performance: Calendar years (1993 to 2021)
| Calendar year | Return (%) |
|---|---|
| 2019 | 14.7% |
| 2018 | 0.8% |
| 2017 | 10.8% |
| 2016 | 7.5% |
