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Showing 1321 - 1330 of 4847 results for "super funds"

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... super dating back to July 1992, plus 10% interest, without penalties. Around $440 million has been transferred to super funds, including $132 million in late payment offsets of 10% each year that the payment was outstanding. A further $33 million is ...

ERS tab hits $33.3bn

ALLY SELBY  |  MONDAY, 21 SEP 2020
... inception, with an additional $340 million disbursed over the week to September 13 alone. During the week to September 13, super funds received 42,199 applications for payments, of which 24,512 were initial requests and 17,687 were repeat applications. ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... close to real time we can compare what employers promise to pay and what they actually pay to their employees' super funds." But with the SG amnesty ending on September 7, eliminating the direct debit option can further aggravate the unpaid super ...

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
... industry superannuation funds that own ME Bank to be happy with the results. "We have a very clear relationship with our super funds on the level of return they would like to see. We're certainly achieving that on an underlying basis, we would have achieved ...

Industry, APRA mull super merger costs

JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
... a lower cost option, particularly for smaller funds to move into larger ones," Nance confirmed. Of the roughly 180 super funds currently operational, Nance said half are less than $1 billion in size and a further 60 are less than $10 billion. "Our view ...

Real opportunity for super funds in private assets: Schroders

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
... conference, said the fact that COVID-19 has impacted markets so greatly has also caused it to reveal opportunities for super funds to investing in asset classes they didn't previously think to access. "When we look at what has happened to the local market ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... 2050 and are now working on methodologies and strategies that can achieve such an outcome." The report identified super funds as particularly vulnerable to disruption caused by climate change due to their long-term investment horizon and noted that COVID-19 ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... repeat applications total 1.2 million since the inception of the scheme back in April. Over the week to September 6, super funds made payments to 4.3 million Australians since the scheme was launched in reaction to the COVID-19 lockdowns. The total value ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... ClaimRight founder William Johns was assisting a client with MS in accessing the insurance she held through several super funds when he realised that, thanks to CommInsure's definition of MS in its group policies, the client would not be eligible. ...

Increased SG equals increased fees: Research

ELIZA BAVIN  |  FRIDAY, 11 SEP 2020
... fees over their lifetime, losing an addition $20,000 of investment income." Additionally, Murray found that even if super funds were to vastly improve their investment performance, it will still not make up the losses members will cop in fees. "Even ...