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Showing 111 - 120 of 640 results for "Retail funds"

$3.3 billion fall in retail managed funds

ELIZABETH MCARTHUR  |  TUESDAY, 7 JAN 2020
The once-off transfer of StatePlus' Master Fund businesses worth $18.6 billion out of retail funds to First State Super has had a significant impact on the retail market, according to Plan For Life Actuaries. Plan For Life revealed overall retail managed ...

The secret to super outperformance

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... statistic is up to 61%. The most popular fund-wide exclusions are tobacco and armaments, followed by fossil fuels. Retail funds were found by RIAA to offer consumers the widest variety of responsible investment options per-fund. There are a total of ...

Super funds to crack 13% by year end, retail leading

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
Superannuation funds are on their way to deliver 13% for the calendar year, and so far retail funds are outstripping industry funds' MySuper returns by 1.8%. The MySuper Index from SelectingSuper returned 10.9% for the 12 months to October end ...

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... comprehensive advice (57%) but did not include general advice. Industry funds provided 128 files; 59 files came from retail funds; 30 files were obtained from corporate funds; and 16 files were from public sector funds. ASIC said the main reasons files ...

Grow Super hires Qantas Super executive

KANIKA SOOD  |  MONDAY, 2 DEC 2019
... Savage to head the new administration services business. "We are talking to a number of clients, both industry and retail funds...It's a whole difference scale question between a superannuation fund and an administration business," Wilson said. Wilson ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... Pointing to the APRA June 2019 Quarterly Superannuation Performance Statistics, Dunnin said the regulator reports retail funds to have total investment and administration expenses of 0.76%, compared to 0.66% for industry funds. However, some retail funds ...

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
Australians should not be able to be defaulted into or even be able to choose to enter an underperforming superannuation fund, according to AustralianSuper chief executive Ian Silk. Appearing before the House of Representatives Standing Committee on ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... offerings post-Royal Commission, Atkin added. "A lot of companies were disappointed with the poor behaviour of the retail funds highlighted in the Royal Commission," he said. The fund has a lot to offer in the corporate market due to its investment track ...

BDM pay healthy despite headwinds

ELIZABETH MCARTHUR  |  TUESDAY, 12 NOV 2019
... $90,000, the research shows. However, by the time they're a senior BDA or junior BDM, they could be on $120,000. In retail funds management, salaries are a little lower with senior BDMs earning $170,000-$230,000, BDMs on $140,000-$170,000 and junior ...

Retail funds shrink unlisted assets

KANIKA SOOD  |  MONDAY, 11 NOV 2019
Superannuation funds now have close to $240 billion in unlisted assets, but retail funds have a smaller proportion of their assets allocated to them than five years ago. The lion's share of the unlisted assets (such as infrastructure, private equity ...