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Showing 1151 - 1160 of 3228 results for "April 14"

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
A $3 billion industry super fund is the latest to hike fees ahead of the Protecting Your Super (PYS) and Putting Members Interest First (PMIF) legislation. First Super announced an increase to its administration fee, going from $1.50 per week to $2.25 ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
Members of a $25 billion industry superannuation fund are set to pay higher insurance premiums from April 1, with some paying up to 20% more for death and TPD. VicSuper has notified members their insurance premiums are increasing as a result of the ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit. HESTA's standard insurance cover -- which eligible members automatically receive upon signing ...

SSGA promotes local SPDR boss

HARRISON WORLEY  |  THURSDAY, 13 FEB 2020
The head of SPDR ETFs in Australia and Singapore, Meaghan Victor, has been promoted by State Street Global Advisors. SSGA has appointed Victor to a newly created role as head of SPDR ETF Asia Pacific distribution, in a move that will see Victor assume ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
Despite a $2.5 billion shortfall and losing 444 advisers, AMP's board has approved an 80% increase to chief executive Francesco De Ferrari's remuneration. It has also announced the resignation of its chief risk officer. The country's largest wealth ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
One of the country's largest industry funds has announced a new fee for retirees. First State Super customers will face changes to the Retirement Income Stream (RIS) and Transition to Retirement Income Stream (TRIS) fee structure on 1 April 2020. ...

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out. The BT Institutional Diversified Balanced PST was managed by Stuart Eliot and invested in local and global shares, fixed interest ...

Perpetual announces new executive hire

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
Perpetual has announced who will fill a newly created chief operating officer role, hiring from a global asset manager. Amanda Gazal is set to take up the position in April this year, joining the Perpetual team from her role as DWS Group chief operating ...

Super fund admits its gender pay gap increased

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
An ethical super fund has published all the work it does internally to promote gender equality, admitting its own gender pay gap grew in favour of men. Future Super, which has about $350 million of members' money, began reviewing its gender pay gap ...

Grow Super signs first admin client

KANIKA SOOD  |  FRIDAY, 7 FEB 2020
Grow Super has signed its first client for its superannuation administration platform which is based on distributed ledger technology. Startup superannuation fund GigSuper came onboard in late December, Grow Super deputy chief executive Adam Gee said. ...