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Showing 111 - 120 of 835 results for "Cbus"

Senate calls to overhaul super fund boards

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
... independence within the super sector," Bragg said. "These recommendations address the significant issues that have plagued Cbus and other super funds in recent months, on which Labor has been silent." One of the main recommendations was for superannuation ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... fund has now cleared the backlog or if unresolved cases remain. Last November, ASIC also launched legal proceedings against Cbus over delays in processing insurance claims, alleging members were impacted by delays to death and total and permanent disability ...

Cbus divests renewable asset

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
Cbus and CVC DIF - the infrastructure strategy of global private markets manager CVC - have agreed to the sale of 1 GW portfolio of Australian renewable energy assets to Potentia Energy for an unknown sum. The geographically and technologically diverse ...

Cbus recruits lead for new core equities portfolio

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
Cbus has appointed an executive to manage a new portfolio of active large-cap Australian stocks as the fund steps up its push to bring more of its assets in-house. The $100 billion industry fund has appointed Cooper Investments veteran Ryan Riedler ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... concerns about fitness and proprietary processes and fund expenditure management. At the same time, APRA cracked down on Cbus' trustee in response to allegations of "serious misconduct" within the Construction, Forestry and Maritime Employees Union (CFMEU) ...

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... 43% of what all super funds collectively spent ($31.7 million). Hostplus leaves other sponsorship budgets in the dust as Cbus, which spent $5 million, made the second-largest outlay. HESTA followed with $2 million and Australian Retirement Trust (ART) ...

Cbus hits $100bn in member assets

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
Cbus delivered double-digit returns in 2024, helping to propel its members' assets to the $100 billion mark. The default Growth (MySuper) investment option generated returns of 10.77% for 2024. The fund's High Growth investment option, returned ...

Super moves: ART, QIC, Rest, CareSuper

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025
... broader investment team. After ten years with First Sentier, she was a senior portfolio manager of responsible investments at Cbus Super and Realindex. Earlier in her career, Castles worked within the asset consulting team at Towers Perrin. Back at Rest ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... according to Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience and the 70% decline in Link Group's (which is now MUFG Pension & Market Services) ...