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Showing 91 - 100 of 636 results for "retail funds"

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... retirement savings will have shrunk to 21 in five years' time. By 2029, just 12 will be left standing. Conversely, the 118 retail funds currently in operation will have shrunk to 74 within the next half a decade, with 52 still around in 10 years' time ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Liberal MP Tim Wilson was only enquiring about conflicts of interests in industry superannuation funds and not in retail funds. "I have not written to ASIC and APRA because those matters were dealt with during the Royal Commission," Wilson said. When ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... your referral to APRA and ASIC do not clearly indicate that the sought for investigation will include bank-owned retail funds - which were the locus of misconduct in the Royal Commission, and were found to systematically underperform by the Productivity ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... exposure to unlisted assets such as property and infrastructure. Self-managed super funds were hit in a similar vein to retail funds, realising a loss of $69.7 billion over the quarter. However, public sector funds performed admirably, losing just $8.6 ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... many of them "are too small and don't deliver enough value". "At a sector level, industry funds have outperformed retail funds on growth and efficiency. Seven out of the top 10 fastest-growing funds are industry funds, and the median operating cost for ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... financial year, we believed industry funds would overtake SMSFs as the biggest grouping, just as they had moved ahead of retail funds in the first three years of this study. "But given the particular challenges now facing the industry funds - in particular ...

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
... According to the data, 72% of all payments have been made from not-for-profit funds, while the remaining 28% from retail funds. Prime Minister Scott Morrison told parliament on Friday last week the most recent ERS figures were significantly higher than ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... and April this year. A further 600,000 were left underemployed after having their hours cut. While the numbers for retail funds were slightly more subdued, they were still significant. Colonial First State had paid out $473 million to members by Friday,May ...

Death of dividends greatly exaggerated: Epoch

ELIZA BAVIN  |  TUESDAY, 12 MAY 2020
... generate dividend income from offshore. Damien McIntyre, chief executive of GSFM, the distributor of Epoch's retail funds in Australia, said record low interest rates were already impacting Australian investors in their search for income before COVID-19. ...

Best MySuper products revealed

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... assets to property compared to the retail sector's 8%. Industry funds went heavier on infrastructure too with 8% to retail funds' 2%. Retail funds demonstrated a higher allocation to fixed income in MySuper with 23% to industry funds'15%. Despite recent ...