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Showing 1091 - 1100 of 4847 results for "super funds"

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
Mercer's David Knox says super funds won't be able to meet the Retirement Income Covenant's requirements via account-based pensions alone and will have to look at other solutions. The government's latest guidance on the Retirement Income ...

Forrest pitches a green Fortescue to super funds

STAFF WRITER  |  WEDNESDAY, 1 SEP 2021
... investment conference, Andrew Forrest said Fortescue is ready to go green by 2030 and it's the best opportunity for super funds to get exposure to green hydrogen. He said Fortescue will release its scope 3 emissions targets soon and plans to produce ...

Cbus, Media Super sign SFT deed

JAMIE WILLIAMSON  |  WEDNESDAY, 1 SEP 2021
The two industry super funds have progressed their plans to merge, officially signing a successor fund transfer deed. Together, the funds will manage more than $70 billion in retirement savings for about 850,000 members. As part of the deal, Cbus will ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... performance testing MySuper funds, we need to recognise that this is the sector that generally outperforms other types of super funds where millions of members currently languish," she said. "More than one third of super savings are currently excluded ...

Communicate risk, defensiveness differently: Panel

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... consensus from a panel at the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference discussing how super funds are currently thinking about defensive assets. Frontier director of consulting Kim Bowater said Frontier's forward-looking ...

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 ...