Search ResultsShowing 61 - 70 of 100+ results for "Super"
MySuper eyes SMSF stronghold
KARREN VERGARA  |  THURSDAY, 27 JUN 2019
MySuper could soon surpass self-managed super funds as the preferred retirement savings vehicle for Australians, a new Rainmaker report shows. Using the latest APRA data, Rainmaker's MySuper Report found the MySuper asset pool hit $713 billion ...
Super delivers for the masses: Challenger
KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... in retirement than has previously been achievable," Challenger wrote in its Retirement Income Research paper. How super balances interact with the Age Pension assets test is important for retirees as the average, large APRA fund member in ...
Group life premiums topple benefits paid: Research
KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... research found the gross five-year payout ratio for NFP funds was 51%, while retail funds recorded a 41% margin. AMP Super topped the ladder, raking in $4.7 billion in premiums and paying 42% or nearly $1.95 billion in benefits. Industry fund ...
Australian Ethical chief executive to depart
ELIZABETH MCARTHUR  |  WEDNESDAY, 26 JUN 2019
... Vernon's tenure Australian Ethical increased funds under management from about $600 million to $3.13 billion across super and managed funds. In addition to its ethically driven super and wealth management business, the Australian Ethical ...
Former Westpac adviser permanently banned
JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... superannuation to a product issued by BT and to also take out personal insurance. He also recommended BT insurance and super products to all his clients without investigating their existing products. ASIC said the inappropriate advice saw clients ...
APRA tighten reins on super fund acquisitions
KARREN VERGARA  |  TUESDAY, 25 JUN 2019
The prudential regulator is imposing tougher measures for interested buyers' ability to acquire stakes in superannuation funds. From 5 July, any party seeking to acquire a stake greater than 15% in an RSE must ask APRA for approval. APRA said ...
Industry funds could solve energy crisis: ISA
HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
... funds believe they hold the key to unlocking Australia's energy crisis. Peak industry superannuation body Industry Super Australia today released a new discussion paper calling for industry funds to take a leading hand in solving ...
PDS should reflect PYSP changes: ASIC
KARREN VERGARA  |  MONDAY, 24 JUN 2019
... 1 July 2019 changes. ASIC has amended Class Order 14/1252 to align with the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 and Regulations (PYSP), part of which bans exit fees from July 1. "We understand that some issuers may ...
Rest increases renewable energy investment
HARRISON WORLEY  |  MONDAY, 24 JUN 2019
The $50 billion industry super fund will take full ownership of the largest wind farm in Western Australia as it moves to boost its infrastructure portfolio. Rest has agreed to buy out UBS Asset Management's 60% stake in Western Australia's Collgar ...
Super fund amends constitution
HARRISON WORLEY  |  MONDAY, 24 JUN 2019
... to increase the influence of independent voices on its board following an APRA probe. Late last week Local Government Super revealed it had been in "ongoing engagement" with the prudential regulator over how effectively it met APRA's requirements ...
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