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Showing 111 - 120 of 1965 results for "default"

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' ...

AustralianSuper well placed to achieve mega-scale ambitions: Morningstar

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
AustralianSuper has the right strategic recipe and leadership to continue delivering for members, but there are some areas to keep an eye on, Morningstar says. Releasing its review of the nation's largest superannuation fund, Morningstar said the fund's ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... reported strong investment performance as its five-year transformation program takes shape. The $70 billion super fund's default MySuper investment option delivered a "healthy" 9.1% return over the past financial year, while its aggressive option generated ...

Magellan warns of staggering sovereign debt

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
... away". The first option is politically unpalatable and appears unlikely, Di Marco and Pullen say. "The second option - default - would be an outright disaster and can be avoided by countries that issue debt in their own currency such as the US. Thus ...

Industry fund merger finalised; seven board exits confirmed

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... Reiter was named chief technology officer, joining from Cbus Property. According to Rainmaker Information, CareSuper's default balanced option has delivered a 7.3% annual return over the decade to September 30. Similarly, Spirit Super's default balanced ...