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Showing 61 - 70 of 2144 results for "industry fund"

Hostplus closes infrastructure, property options

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2023
... options. At the same time, it's introducing six new investment options, two of which are indexed. The $100 billion industry fund notified members the options will close on October 1, saying the decision is in keeping with its broader strategy to offer ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted some fees and costs from its product disclosure statement (PDS), resulting ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
HESTA is the latest industry fund calling for an extension of compulsory Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey ...

Rest extends Link partnership

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2023
Link Group has officially renewed its mandate with Rest, with the industry fund signing on for another five years. In February, the administrator flagged it was in discussions with Rest and a renewal was likely. Today, it's confirmed a new contract ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
MySuper assets have reached a new high of $964.5 billion thanks to the mandatory increase in superannuation contributions and market recovery. The year to March saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 ...

Super fund ASX dominance stable: Research

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
Superannuation funds have maintained a steady foothold in Australian equities, owning 38% of the market capitalisation, new research from Rainmaker finds. This is broadly in line with the 37% ownership super funds held at the end of March 2021, split ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
... relatively scarce. Morningstar Australasia director Annika Bradley has examined the "unlisted assets" allocation of industry fund behemoths Australian Retirement Trust, AustralianSuper, Aware Super, Cbus, and UniSuper. Bradley investigated the Portfolio ...

Mine Super to close Choice option

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
The industry fund is shuttering one of its Choice investment options that was recently highlighted by APRA as an underperformer. Following a review of its Super investment menu, Mine Super is closing its Conservative Balanced Choice option later this ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
Industry funds are gaining ground in the battle for retirement assets, with their market share increasing 2% between 2021 and 2022, challenging the retail sector's long-standing dominance in pension accounts. According to a KPMG report, although ...

Industry fund market share soars: KPMG

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... three industry funds, one public sector funds, and three retail funds. Comparatively, in 2021, there was only one industry fund, AustralianSuper, that held a position among the mega-funds. The report further highlighted the increasingly competitive landscape ...