Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1041 - 1050 of 4813 results for "super funds"

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives Standing Committee on Economics inquiry heard ...

Tim Wilson grills NAB on super ownership

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
Liberal MP Tim Wilson has grilled National Australia Bank chief executive Ross McEwan on whether super funds have undue influence over Australian banks, as funds own larger portions of the ASX. Wilson asked NAB whether super funds, as shareholders ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
Retail and corporate super funds continue to show a poor track record of how they vote on environmental, social and governance matters, new research shows. According to the Australasian Centre for Corporate Responsibility (ACCR), which analysed the ...

AustralianSuper skewers draft disclosure laws

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... impacting returns and causing an increase in costs. The fund said the regulations also reduce the opportunity for super funds to partner on major projects because they mean commercial information about their holdings will be disclosed and would thereby ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... superannuation funds revalued their unlisted assets during lockdowns. Now APRA says most of their policies were deficient. Super funds took different approaches to the revaluations. For example, at Cbus the board devalued unlisted assets between 8-15%. ...

NGS Super hikes fees

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... with the introduction of the 'Your Future, Your Super' legislation that has changed the environment for all super funds, we don't believe the merger would be in our members' best interests," NGS Super said at the time. An NGS spokesperson ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... scheme. The non-concessional contributions cap is currently $110,000 for most people. Amounts contributed above this to super funds are subject to tax. Generally, any money withdrawn from super and re-contributed at a later date would count towards the ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
An ASIC survey of super funds about their preparedness for the new enforceable internal dispute resolution (IDR) obligations identified areas of weakness. The specific areas identified by the regulator as needing improvement include attention to governance ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
... Trustees survey shows. The poll, conducted at AIST's annual ASI Conference, surveyed investment professionals from super funds and fund managers. The majority or over half said they will change their asset allocation slightly. About one quarter said ...