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Showing 1 - 10 of 20730 results for "super"

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... Queensland, whose identities were not revealed, for submitting several fraudulent applications to access the early release of super during the pandemic by using myGov accounts to claim to be other super account holders. Two women who both pleaded guilty ...

Super funds slash external mandates by 54%

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... funds ramp up the in-house management of assets, Rainmaker Information research reveals. Just 156 mandates were allocated by super funds at the end of 2023 across all asset classes, Rainmaker's latest Mandate Chaser report shows. This is significantly ...

Brighter Super seeks fund managers for $500m mandate

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
Brighter Super will invest a further $500 million to build Queensland and is looking for the right fund manager partners to make it happen. The $32 billion super fund today announced it is on the hunt for fund managers to deliver its "Queensland Investment ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... superannuation funds. Constant said financial reporting of listed companies was falling short of expectations and warned super funds not to run the same risk. "Some of our recent work shows that in some quarters, some listed entities need to lift their ...

Vision Super chair departs

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
... trustee director of HESTA from 2013 to 2017. Darmanin was instrumental in Vision Super's decision to merge with Active Super, a process that has been ongoing since June 2022. A member of the Australian Labor Party, she is stepping away from the fund ...

Super fund engagement peaks among members with $250k+ balances: Report

ANDREW MCKEAN  |  THURSDAY, 30 MAY 2024
... Investment Trends report has identified a clear inflection point for member engagement with superannuation funds. The 2024 Super Member Engagement report, based on a survey of 10,886 respondents, provided an analysis of member attitudes, satisfaction ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
The Australian Financial Complaints Authority (AFCA) is set to kick out Dixon Advisory & Superannuation Services (DASS) as a member over the next few weeks. AFCA announced on May 28 that the administrator of DASS has 21 days to reply to the proposal. ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... that a wave of contributions drove the momentum as well as investments returning 10.9% p.a. Across the sectors, industry super funds lead the pack by leaping 17% year on year to hit $1.3 trillion. Retail funds grew 11% p.a. to $735 billion, while public ...

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
The Association of Superannuation Funds Australia (ASFA) has revealed that the cost of funding a "comfortable retirement" has risen to a record high. ASFA said couples need $72,663 per year, while singles require $51,630 annually to experience a comfortable ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... becoming increasingly important for funds to consider how their operating costs are managed on an ongoing basis, KPMG's Super Insights 2024 report shows. As an example, Mercer reduced its admin fee from 0.48% to 0.21% following the BT merger, while ...
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