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Showing 1441 - 1450 of 4851 results for "Super funds"

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
Fears super funds with memberships concentrated in the industries hit hardest by the COVID-19 shutdown would feel the pain of early release more are proving largely unfounded, with funds of all kinds seeing withdrawals. While much speculation surrounded ...

Super must come together over cybercrime

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
The oversight body of the Superannuation Transaction Network is calling on super funds to work together to thwart the threat of cybercrime. Addressing the Association of Super Funds of Australia, GNGB executive officer Michelle Bower has urged the super ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
MP Tim Wilson has argued industry super funds' ownership of ME Bank is at odds with the sole purpose test as the bank has yet to pay dividends. Following ME Bank's controversial decision to slash redraw balances on some legacy home loans, and ...

IFM cuts carbon footprint from Aussie infra assets

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
... low carbon economy is critical to protecting the long-term value of the investments we make on behalf of industry super funds and other long-term institutional investors and their members. Our strategy is to reduce risk and prepare for the future."

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... investigation into instances of fraud. Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant Treasurer Michael Sukkar confirmed. Updating its stats, Rest said that as at 10am on May 12 it has paid $886.5 ...

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
... legislation. The decision was welcomed by financial advice and superannuation advocacy bodies. The Association of Super Funds of Australia labelled the move as pragmatic and sensible, given the pandemic has placed additional demands on super funds, particularly ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... hearing. The call for explanations from the bank and ISA comes following news that ME Bank, which is owned by 26 industry super funds, had slashed redraw balances on some legacy home loans with limited notice to customers. Also up for discussion will ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
Deputy Treasurer Michael Sukkar confirmed the ATO has paused requests for early release being sent to super funds, as the AFP investigates identity theft. Speaking to Sky News this morning, Sukkar emphasised that the ATO has not been compromised and ...

Link feels impact of COVID-19

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
... about 5.4% of the payments resulted in the closure of those member accounts. Link is administrator for a number of super funds, including AustralianSuper, AMIST Super, BUSSQ, Cbus, HESTA and Hostplus. Link said it has seen increased member activity ...

Frontline worker death nominations spike

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... requests for paperwork to update death nominations from employers representing hundreds of employees." Cameron said many super funds represent frontline workers, and the concerning data suggests they are genuinely concerned about their lives and the ...