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Showing 51 - 60 of 1801 results for "default"

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... performance," Sawtell-Rickson said. HESTA chief executive Debby Blakey said the strong long-term performance of the fund's default option was pleasing. The balanced growth investment option, she highlighted, has been yielding a return of 8.02% per annum ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
... return prediction is supported by those funds that have already publicised their annual result. AustralianSuper's default option achieved 8.22%, while Cbus did 8.5%. Ahead of them is Australian Retirement Trust, returning 10% to MySuper members. ...

ART delivers 10% for members

KARREN VERGARA  |  TUESDAY, 4 JUL 2023
... equity portfolio and most of its fixed income strategies are managed externally. In FY2022, ART reported -0.96% for its default option, dragged mostly by the bear market that pushed super fund performance in the red. The listed and direct property sector ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... their commitment to net zero," Blakey told FS Sustainability. Holdings of Santos represent around 0.06% of HESTA's default option Balanced Growth's holdings, a spokesperson said. The super fund does include methane in its assessment of greenhouse ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed to a MySuper product despite no directive having been given by the member as to where ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...

Italian private credit fund brings unique offering down under

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
Muzinich and Co is rolling out its MLoan fund to Australian investors, expected to be available in July. MLoan, which replicates Muzinich's parallel lending strategy launched in 2018, invests predominately in private European senior secured, floating ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
An eleventh-hour tentative deal has been struck by US lawmakers to raise the debt ceiling and avoid a national default disaster. US President Joe Biden and House Speaker Kevin McCarthy announced on Sunday their agreement to raise the $48 trillion (US$31.4 ...

Mercer Super to take on corporate fund

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
Mercer Super is set to add several hundred million in funds under management by way of another merger, this time with a Melbourne-based corporate superannuation fund. Mercer has confirmed it is undertaking a successor fund transfer with the Holden Employees ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... escalated the matter to ASIC and APRA. Another troubling discovery pertained to the inappropriate lapse of members' default insurance. AFCA said a trustee didn't adequately inform members of their right to retain their default insurance cover ...