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Showing 1361 - 1370 of 4815 results for "super funds"

Mandates from superannuation funds slow

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... lion's share of mandates awarded by superannuation funds over the period at $1 billion of the $2.5 billion total. Super funds also showed appetite for Australian equities ($983 million) and alternatives ($749 million) but mandates to other asset ...

Super for women under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... ethos - screening out fossil fuels, tobacco, weapons and more. Hobbs said Verve's fees are comparable to many industry super funds and that Verve was the sixth top performing fund for the year ending 30 April 2020. Hobbs and Lusher agree that more needs ...

AFCA sees 14% rise in complaints

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... complaints were made against banks, 15,748 against general insurers, 9857 against credit providers and 4732 against super funds, trustees or financial advisers. Meanwhile, AFCA also announced it has banned paid representative MCR Partners from lodging ...

AMP Life awards mandate post acquisition

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... hold more than $7 billion, following the sale of AMP Life to Resolution Life. Equity Trustees will be trustee for the super funds, replacing current trustees N M Superannuation and AMP Superannuation. AMP Life super funds are held by more than 340,000 ...

Super funds merge, board revealed

ELIZA BAVIN  |  WEDNESDAY, 1 JUL 2020
First State Super and VicSuper have completed their merger, revealing fee reductions and board changes. The merged fund now manages over $120 billion on behalf of 1.1 million members, including healthcare and aged care workers, teachers, police and ...

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
Leaders from the nation's industry super funds have called for greater certainty around superannuation policy, noting various challenges face the industry in the period of economic recovery ahead. In particular, industry fund chief executives pushed ...

Industry super pours $19.5bn into Australian recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
Industry super funds will invest $19.5 billion over the coming three years in construction and infrastructure projects; in a move that Industry Super Australia (ISA) chair Greg Combet says will help rebuild the Australian economy. The multi-billion ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... return targets should be lowered. As the world faces its deepest recession in 90 years, JANA has said that while some super funds have reduced their target returns, most still believe the can achieve similar long-term results (relative to inflation) ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
The prudential regulator will request additional data from the country's super funds, in a bid to understand the full impact of the COVID-19 pandemic on the industry. The COVID-19 Pandemic Data Collection (PDC) will enable the regulator to conduct an ...

Another billion removed from super

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
Australian super funds continue to make payments to members under the government's Early Release of Super scheme, with the total amount paid now at $15.9 billion. In the week to June 14, funds reported a further $1.3 billion was paid to members ...