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Showing 1431 - 1440 of 4815 results for "super funds"

No golden ticket for super funds

ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
... COVID-19 market shocks raises questions about its role in super fund portfolios. "The evidence from March is this: super funds looking within (or outside) their portfolios for assets that are truly defensive will probably not find an edge in gold," she ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... super was approved by the ATO over the course of three days. Frydenberg said the average withdrawal was $8000 and the super funds will now begin to release the money. "Those applications are now with the superannuation funds for their payment over the ...

Calls for super funds, government to collaborate on energy security

KANIKA SOOD  |  THURSDAY, 23 APR 2020
The federal government on Wednesday took advantage of the low oil prices to establish Australia's first sovereign energy reserve, and superannuation funds can help, according to an expert. Energy minister Angus Taylor said the government will buy ...

Few redundancies but pay cuts abound: Recruiter

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... small businesses has created a lot of work for these firms, requiring additional administrative support. Industry super funds too have largely avoided cuts, with Gordon seeing just one industry fund asking employees to take pay cuts. Of course, with ...

The blame game

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
When the COVID-19 crash hit markets, super funds copped a massive blow, but why they were all invested in such a similar way is an issue that still needs addressing. The superannuation industry had been under increasing pressure to perform, at the very ...

Members begin to turn on industry funds

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... sector funds added 0.3% to their February result to sit at 74.5% customer satisfaction, just 0.5% behind self-managed super funds, which also gained 0.3%. Retail funds suffered too, but to a lesser extent, losing just 0.2% to sit at 60% customer satisfaction ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... super scheme for those financially effected by the COVID-19 crisis is progressing well. "We are working closely with super funds to enable them to process payments to their members as quickly as possible," the ATO said. "The first batch of applications ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... Senator Andrew Bragg issued a letter to APRA putting the regulator on notice to answer a number of questions related to super funds. "I have sought reassurance from APRA that all the super funds have their houses in order as they have publicly stated," ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

Adequacy argument headlines online CMSF

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... like many other events thanks to the COVID-19 pandemic, the Australian Institute of Superannuation Trustees' major super funds conference is alive again, with sessions running online. The AIST is hoping to have more than 24 hours' worth of content available ...