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Showing 21 - 30 of 128 results for "Public Sector Super"

Superannuation fund delays custodian swap

KANIKA SOOD  |  THURSDAY, 19 MAR 2020
A $35 billion public sector superannuation fund has deferred its transition to a new custodian, citing heightened short-term risk from COVID-19. Funds SA last July said it would end its 19-year-long custody relationship with J.P. Morgan and move to ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... include responsible entities of registered schemes and trustees of superannuation funds, pooled super trusts and public sector super funds, so long as they have over $10 million. Additionally, the updated regime - Regulatory Guide 176 - will see the ...

Mercer chief executive to step down

HARRISON WORLEY  |  TUESDAY, 10 MAR 2020
Mercer Australia chief executive Ben Walsh is set to leave the global consulting firm within months, with an internal candidate picked to succeed him in the interim. In a statement, Mercer revealed Walsh would end his four year tenure as head of the ...

Super fund grows US real estate assets

HARRISON WORLEY  |  WEDNESDAY, 15 JAN 2020
A public sector superannuation fund managing around $95 billion in retirement savings expanded its US property portfolio, adding residential and office tower complexes in Washington and Virginia. QSuper has closed two property deals in the US, acquiring ...

Commonwealth Super mulls platform changes

KANIKA SOOD  |  MONDAY, 13 JAN 2020
Commonwealth Superannuation Corporation is considering making changes to how it administers about 570,000 defined benefit member accounts as its existing systems age. CSC has invited interested companies to submit proof-of-concepts for a core registry ...

Masterfunds up $26 billion

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
... after the once-off transfer of $18.6 billion worth of StatePlus Masterfund business to First State Super, a public sector super fund, adjusted for this the underlying annual and quarterly growth rates are 5.2% and 1.6%. Investment earnings on underlying ...

$3.3 billion fall in retail managed funds

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
The once-off transfer of StatePlus' Master Fund businesses worth $18.6 billion out of retail funds to First State Super has had a significant impact on the retail market, according to Plan For Life Actuaries. Plan For Life revealed overall retail managed ...

Industry fund partners with global asset manager

HARRISON WORLEY  |  TUESDAY, 26 NOV 2019
... members. The partnership comes as Sunsuper continues to mull a potential partnership with giant Queensland public sector super fund QSuper. Late last week, QSuper chief executive Michael Pennisi revealed the funds weren't committed to a merger, with ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
The co-founder of iPac Securities believes the issues that saw the big banks exit wealth management will pale in significance to future failures he expects will come as a result of "fringe" advice groups. Appearing at the ASFA Conference in Melbourne ...

Default insurance likely to go: Silk

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
... of them, did not want insurance. So we changed the default arrangements." Silk, Mercer head of industry and public sector super Jo-Anne Bloch and IPAC Securities co-founder Peeyush Gupta discussed several issues facing the super system.