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Showing 1031 - 1040 of 4848 results for "Super funds"

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... make the most of their retirement income," he said. However, O'Halloran criticised the exclusion of self-managed super funds and their one million members under the legislation runs counter to the the Retirement Income Review's finding that there ...

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... account currently pay less than $30 billion a year in fees after a year of reductions across not-for-profit and retail super funds. Currently APRA regulated funds stand at 155: retail (93), public sector (16), industry (33) and corporate (13%). APRA's ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
Trading platform Stake - which has a DIY super offering - has called out some of the largest super funds, saying they are failing to roll over members to its SMSF offering in the required three days. Since October 1, APRA regulated super funds have ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members a new fee that builds a financial contingency reserve. Cbus ...

More mergers, minimal awareness: KPMG

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
... market in the year to October. Analysis of the 45 mergers that have taken place over the last 10 years shows industry super funds are most commonly involved in these deals, both as a transferring and successor fund. But as the pace of consolidation in ...

Super funds up offshore investments: Survey

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... equities but also to gain more exposure to unlisted assets. According to NAB's 2021 Superannuation FX survey of 54 super funds, allocations to offshore investments jumped from 41% to 46.8% on average over the past two financial years. Large super ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... version of the Corporation Amendment (Portfolio Holdings Disclosure) Regulations 2021, which was roundly supported by super funds. But, Morningstar said the legislation "has not been worth the wait." "The regulations have been meaningfully altered, compared ...

Super funds handed holdings disclosure win

JAMIE WILLIAMSON  |  FRIDAY, 12 NOV 2021
... portfolio holdings disclosure legislation has been finalised, with the government delivering a significant victory to super funds when it comes to unlisted assets and derivatives. Released yesterday, the final legislation shows a softening of the government's ...

Industry fund ups admin fees

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... compliance, has increased," the fund said. MIESF said that even with this increase, it remains one of the lowest cost super funds in the country and that the administration fees will continue to be among the lowest for a MySuper option. According to ...

What super funds should know about Gen Z

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
New research from industry super fund NGS Super has revealed what Gen Z wants from a super fund and their attitudes to saving and investing. According to the research, 73% of Gen Z participants said the pandemic encouraged them to save more, 31% said ...