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

Search Results

Showing 111 - 120 of 2828 results for %22pension fund%22

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... billion (increasing by 19.6% over the year). Of this, lump sum payments rose by 31.9% over the year to $58.8 billion while pension payments increased by 6.1% to $43.3 billion in the year. Net contribution flows fell by 4.5% compared to flows in the year ...

Danish pension fund hands $500m to QIC

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
QIC has entered a strategic partnership with one of Denmark's largest pension funds to provide exposure to European private equity investments. The initial $500 million mandate from PenSam will be invested over three years through both co-investments ...

Norway's sovereign wealth fund returns 10%

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
Norway's $1.4 trillion Government Pension Fund Global returned 10% in the first half, equivalent to $343 billion. Norges Bank Investment Management reported a $13.7% return on equity investments for the first half of 2023, while fixed income yielded ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... TelstraSuper's retirement income on offer are account-based pensions. The remaining 25%, which are group annuities, will see the super fund issue its own lifetime income stream that will be insured by Challenger. On July 31, Challenger kicked off ...

Equity Trustees combines super, trustee arms

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2023
... business. As first reported by Financial Standard yesterday, EQT is the trustee for Hejaz Financial Services' new pension product, the first Islamic pension product in Australia. Also first reported by Financial Standard, EQT was also recently appointed ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... is fundamental to ensuring a comfortable retirement, but we realised that there wasn't a Sharia account-based pension fund available to Australian Muslims. This can be particularly frustrating for large organisations that want to do the right thing ...

Industry fund chief named Fund Executive of the Year

ANDREW MCKEAN  |  FRIDAY, 4 AUG 2023
... locally focussed through a complex and high-stakes merger process to create a fund that now ranks as one of the largest pension funds." Similarly, ART chair Andrew Fraser commended Reilly for overseeing what he termed "the biggest and most complex merger ...

Banking sector fears propel family offices towards metals

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... Tresor Gold. The research was conducted in April among 100 metals and mining investors working for sovereign wealth funds, pension funds, private equity funds, venture capital funds, and 20 family offices located in Canada, Australia, the US, UK, UAE ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... Banking and Credit Management division goodwill, and a fair value write-down of -$31 million on the value of the Smart Pension acquisition. It will also record a premises impairment of about -$34.5 million on surplus real estate, and -$34.6 million related ...

New chief executive for retail super fund, platform

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... AMG Universal Super to AMG Super. AMG Universal Super was launched in 2000 as a joint initiative between DDH Graham and Pension Investments. AMG Super's MySuper was one of many super products that underperformed for two years in a row in APRA's ...