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Showing 1391 - 1400 of 4815 results for "super funds"

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... back to where it was a year ago. Two-thirds of that decrease came from APRA-regulated funds, with equity-heavy retail super funds bearing the biggest brunt. While retail super accounts for about one-quarter of superannuation assets compared to not for ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... to be drastically reduced, according to a new report. Management consulting firm Right Lane is calling on high-cost super funds to urgently wed themselves to another fund or "face the consequences", as COVID-19 squeezes the industry. The firm's 2020 ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest. Wilson, who chairs the House of Representatives' Standing Economics Committee, referenced ...

Outsourced trading set to boom

ALLY SELBY  |  MONDAY, 25 MAY 2020
As merger activity propels the size of some of the nation's super funds, outsourcing could emerge as the answer to cheaper, quicker and more scalable trading. According to State Street, outsourced trading can help super funds and asset managers ...

Ignorance isn't bliss in super: Research

ALLY SELBY  |  MONDAY, 25 MAY 2020
... 3000 Australians in January this year, the global investment firm found that two thirds of respondents believed their super funds would automatically de-risk to protect members from losses during a drawdown. More concerning still, a third believed that ...

ERS withdrawals surpass $10bn

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
... receipt of the application from the ATO and 94% have been made within five business days. Over the week to May 17, super funds made payments to 220,000 members, bringing the total number of payments to 1.41 million since inception. The total value of ...

Balanced funds fundamentally flawed

ALLY SELBY  |  MONDAY, 25 MAY 2020
... "You see a lot of portfolios that are supposed to be 'diversified,' but they're really 70% growth - like 'balanced' super funds," he said. "Investors should consider a more fundamentally-diversified managed fund not over-reliant upon growth risk, which ...

Retirement income covenant delayed

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
... the system, we need to build a smoother transition from the accumulation to the de-accumulation phase." Hume said super funds should continue to work on retirement income strategies even though the covenant still needs development. "Of course, there ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... discuss the implications with that individual." This comes after the ATO was forced to suspend sending applications to super funds for two business days in early May so the Australian Federal Police could investigate cases of fraud. Deputy Treasurer ...

Rest pays out $1bn, calls for policy certainty

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... scheme. In light of this, Rest chief executive Vicki Doyle has highlighted the important role major investors, such as super funds, will be required to play in Australia's recovery and the issues they will face in doing so if dipping into our retirement ...