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Showing 111 - 120 of 2275 results for "Industry fund"

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... unwavering," the Cbus spokesperson said. Nevertheless, Liberal senator Andrew Bragg contends that the $85 billion industry fund "should move" to a majority of independent directors. Bragg said "the Cbus/CFMEU scandal" demonstrates that union-dominated ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... chief member officer and recruited a new chief financial officer, both of whom have extensive experience in the industry fund sector. Stuart Wilkinson, the new chief member officer, joined from Hostplus where he spent more than eight years. Therese Kenny ...

Cbus taps ex-AustralianSuper equities chief for 'critical role'

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
... that investment option has excelled, delivering a 7.6% return p.a., putting it in the top quartile. The $85 billion industry fund said that Pascoe will drive Cbus' overall portfolio construction and management, overseeing the fund's asset allocation ...

Cbus hires from VFMC for key ESG role

ROSE MARY PETRASS  |  TUESDAY, 23 JUL 2024
... integration. In the new role, Williams will support the creation of long-term returns for members of the $98 billion industry fund for building and construction workers. With 20 years' in institutional investment, she joins from VFMC where she was ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
Industry funds BUSSQ and Cbus have defended their respective boards' close ties to the CFMEU, saying all representatives satisfy the fit and proper standards outlined by APRA. This week the Victorian branch of the Construction, Forestry and Maritime ...

ESSSuper appoints two executives

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
... chief member officer and recruited a new chief financial officer, both of whom have extensive experience in the industry fund sector. Becoming the first chief member officer for the $35 billion super fund, Stuart Wilkinson joins from Hostplus where he ...

Brighter Super posts 9.07% returns for its default option

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
Brighter Super announced double-digit returns in its Balanced and Growth accumulation options and 9.07% for its default MySuper option. The Balanced accumulation option returned 10.57% and the Growth accumulation option delivered 11.91%, for the year ...

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
Qantas Super is poised to merge with $300 billion industry fund Australian Retirement Trust (ART). Subject to final assessments of members' best financial interests and equivalency rights, the merger would see Qantas Super's $9 billion in funds ...

Spirit Super finds a new custodian

ANDREW MCKEAN  |  TUESDAY, 16 JUL 2024
... to CareSuper after a planned merger this year, has replaced its custodian, NAB Asset Servicing. The $30 billion industry fund, which has over 350,000 members, will now receive global custody and fund administration services from its new custodian, J.P. ...

Vanguard Super's default option delivers 13.2% return

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
Vanguard Super's default MySuper lifecycle investment option has posted a 13.2% return in its first full financial year. This investment option outperformed some of Australia's largest superannuation funds, surpassing all industry funds on a one-year ...