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Showing 1061 - 1070 of 4812 results for "super funds"

HESTA defines perfect merger partner

ANNABELLE DICKSON  |  TUESDAY, 31 AUG 2021
For any super funds eyeing the $64 billion industry fund as a potential merger partner, its chief investment officer has outlined the criteria they'd have to meet. Sonia Sawtell-Rickson appeared in a session at the Australian Institute of Superannuation ...

Mergers don't always lead to scale benefits: Barry

ANNABELLE DICKSON  |  TUESDAY, 31 AUG 2021
... "One observation I've made is that some managers are pushing back now. Some managers are actually sacking their super funds as clients as they can get a better margin elsewhere." Instead, Barry said if a fund is going to deliver scale benefits there ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... the test's flaws, Fahy counted its retrospective and relative nature, the variation in pass/fail outcomes among super funds that have the same return over the same period and APRA's lack of transparency on the quantum by which a fund passed or ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... interests even when fees are high and performance is lacklustre. Super Consumers Australia looked at MOAs from 42 super funds. The research found every fund claimed it promoted its members' best interests over the 2020 financial year. But 41% of ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... Standard, Maritime Super chief executive Peter Robertson said the retrospective nature of the test is a disservice to super funds that have proactively sought to do better for members. It is also at odds with the decades-old disclaimer the industry is ...

Maritime Super dumps ISA membership

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
... decision is an example of putting the financial interests of members ahead of anything else, which is what industry super funds are all about. "On behalf of the Industry SuperFund collective, I thank the fund for its contribution and the positive difference ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... coinciding 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. We are extremely confident we will continue to deliver ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... it is however the retail sector that will feel the squeeze as it has the greatest number of small and medium-sized super funds. Figure 1: Australia's largest super funds 2021-25 Prudential regulator APRA is putting the pressure on super funds with ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... words, a model where all superannuation is managed by a government agency, employer defaults cease to exist, and all super funds only offer choice products. "Under the proposed model, individuals will enter chosen superannuation funds by opting out of ...

Super unit boosts Equity Trustees performance

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... $11.2 billion to $33.6 billion year on year. It now provides trustee services to more than 600,000 members across 15 super funds. This was driven by new wins, signing up major clients like AMP Life and HUB24 in July and August 2020 respectively. Findex ...