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Showing 31 - 40 of 12095 results for "Member"

Australian Retirement Trust applies new investment exclusion

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
From July 1, Australian Retirement Trust (ART) will add thermal coal to its list of exclusions. ART currently applies three exclusions when directly investing in Australian and international share asset classes across all its investment options, being ...

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
The Super Members Council (SMC) has warned that encouraging young Australians to use their superannuation for a house deposit could dramatically drive-up house prices and deplete their retirement savings. "We all desperately want more Australians to ...

Chief member officer leaves Insignia Financial

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAY 2024
Insignia Financial is on the hunt for a new chief member officer for its superannuation business, confirming the departure of Anne Coyne. Coyne was first appointed to the role in January 2023, following close to two years in governance and disclosure ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
Most asset owners estimate that poor investment governance could increase portfolio costs by 1% or more annually, according to a joint report by KPMG and Frontier Advisors. The report, which surveyed 22 asset owners in the local investment industry ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... changes to their insurance cover before June 1 that would cause age-based cover to start as soon as they're eligible. For member who already have age-based cover, their cover amounts will be aligned to the new scale, AustralianSuper said. Members ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... percentage administration fee from $800,000 to $500,000. Currently, the percentage fee applies to the first $800,000 of member account balances in each Super Savings accounts they hold. From July 1, the percentage fee will apply to the first $500,000. ...

Qantas Super boosts ag assets by $200m

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
Qantas Super has injected $200 million in an agriculture investor that has a $1.1 billion portfolio of farmland across the nation. The super fund has partnered with GO.FARM, a developer, manager, and investor in agricultural assets involved in the production ...

Vanguard Super lowers fees

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... managing director Daniel Shrimski said. The Lifecycle option automatically adjusts its investment mix according to the member's age. On a balance of $50,000, a member will now pay $280 (0.56%) compared to the industry average fee of $479 per annum. It ...

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... Shariah-compliant manner," he said. The need for Crescent Wealth's merger into Russell Investments was evident following a recent Member Outcomes Assessment by Equity Trustees. It revealed that Crescent Wealth's fees and costs are impacting member ...

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |  TUESDAY, 30 APR 2024
... done so in 2022 after the merger with Energy Super. Editor's note: This article was updated on 2 May 2024 to reflect member and FUM data to April end. An earlier version of this article transposed the investment options' fees. This was an error ...