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Showing 1271 - 1280 of 6290 results for "Superannuation Fund"

LGIAsuper, Energy Super change fees

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
... scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits. Members of the superannuation fund will no longer be charged a $1 weekly administration fee and will pay an annual percentage-based fee of 18bps of their ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
ASIC has released the results of surveillance into investment switching by super fund executives during market volatility at the start of the pandemic, finding possible conflicts of interest. ASIC looked at a sample of 23 trustees (including trustees ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...

Sally Loane resigns as FSC chief

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
The Financial Services Council has announced that Sally Loane will step down as chief executive at the end of the year. Loane has led the industry body for seven years, including through the Royal Commission and its aftermath. In her time, Loane was ...

MLC Life wins group mandate

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... Going forward, MLC Life will provide group insurance cover to members of GROW Super, Superhero, the Allan Gray Superannuation Fund and several others after being awarded the mandate by OneSuper. Effective this month, the arrangement comes as Hannover ...

HESTA pushes for net zero legislation

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... to commit to net zero by 2050 will lead to Australia losing a massive amount of green foreign investment, superannuation fund HESTA warned. At a recent Investor Group on Climate Change event, HESTA chief executive Debby Blakey called on the government ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... below 0.5%," Dunnin said. "If this was to happen, Australia could be on track to have one of the best value superannuation fund systems in the world." Rainmaker's annual fee study looked at 2683 fee options across 175 products.

Link names head of insurance

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
Link Group hired a new lead for insurance who recently finished up at TAL Australia. Phil Angelico is now part of Link's retirement and superannuation solutions (RSS) unit, taking on the position of head of insurance in September. He is responsible ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
APRA is keeping its watchful eye on superannuation funds' preparedness for the new remuneration standards that take effect in 2023. APRA has released the updated version of Prudential Practice Guide CPG 511 Remuneration, where it expects boards to oversee ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
ASIC issued a stern warning to employers and their superannuation fund provider about influencing employees' choice of super funds. The regulator will conduct a review this financial year on how trustees abide by its requirements and may consider ...