Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 1969 results for "Default"

CareSuper to merge with meat industry fund

ANDREW MCKEAN  |  MONDAY, 17 MAR 2025
... "The fund's sustainability metrics, as a result of COVID, weren't great..." Kaspar said. CareSuper's balanced MySuper default investment option returned 10.6% over the year to January 31, 6.3% over five years, and 7.2% over 10 years, according to ...

UniSuper prepared for buying opportunities

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... International Shares, which both recorded returns well in excess of 20%," he said. "UniSuper's Balanced option, which is our default option, returned 11.7% for the 12 months to 31 December 2024. Our Sustainable Balanced option performed strongly, returning ...

Mercer appoints chief investment officer from TelstraSuper

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... members, and driving its approach to sustainable investing. Notably, according to Rainmaker Information, TelstraSuper's default investment option returned 8% over 10 years to 31 December 2024, ranking fifth among measured workplace super options. ...

Bumpy roads ahead for traditional active managers

MATTHEW WAI  |  WEDNESDAY, 29 JAN 2025
... funds are well-positioned for growth with their strategic fee alterations and broad range of investment options through default choice and mandatory contributions. By doing so, Morningstar believes they can bring simplicity, cost-effectiveness, and a ...

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 ...

Rest appoints first-ever chief of staff

ANDREW MCKEAN  |  FRIDAY, 24 JAN 2025
... who's since moved onto a new opportunity within Rest. Separately, as previously reported by Financial Standard, Rest's default MySuper growth option returned 11.19% for calendar year 2024 - underpinned by the continued strong performance of listed ...

Team Super names retirement chief

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025
... transfer date is set for March 21. He further mentioned that the funds are transitioning to a new platform provider, a new default investment design, a new insurance structure, and a new custodian. As for future merger partners, Sherry indicated some ...

How to simplify super to get better retirement outcomes: Mercer

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
The superannuation system has lacked a clear direction for the provision of retirement outcomes, and while this is gradually changing, there remains a need to make it simpler for Australians, according to a Mercer report. The Australian retirement income ...

Bull market buoys super funds' 2024 returns

MATTHEW WAI  |  WEDNESDAY, 8 JAN 2025
... Association of Superannuation Funds of Australia (ASFA), with some achieving nearly 12% for their balanced options. Rest's default option made a 11.19% return for 2024, the second consecutive year of positive returns. Rest said the strong performance ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... action it brought on behalf of MasterKey members in 2020. It was estimated the delay impacted about $6.8 billion in accrued default amounts. The action alleged the trustees breached their duties by delaying the transition of about 330,000 members' ...