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Showing 1541 - 1550 of 18113 results for "superannuation"

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... they should have been. APRA has agreed to accept the undertaking from OnePath, after it continued to identify more superannuation members that were impacted by its failure to direct default contributions into a MySuper product. It has also been issued ...

Reconsider the home as a retirement income pillar: Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... reconsider the role of the home as a fourth pillar of our retirement income system - alongside the Age Pension, superannuation, and voluntary private savings - which could be treated as another financial asset to fund retirement lifestyles. "Of course ...

Rest awards private equity mandate to TowerBrook Capital

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
Rest has awarded a US$75 million ($112.15 million) mandate to transatlantic investment manager TowerBrook Capital Partners, for its Delta private equity impact fund. The Delta fund will invest in mid-sized private companies that are expected to generate ...

Cbus strategy chief exits

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... as the investment manager of innovation and strategy. Before that, she was working as an independent adviser to superannuation funds, asset managers, and asset consultants for nearly 10 years. She was previously the director of strategy and new business ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... under the requirements of the SIS Act, Corporations Act, Australian Financial Services Licence obligations, and Superannuation Prudential Standard 520 Fit and Proper (CPS250). "We have robust procedures for ongoing probity checks and all current BUSSQ ...

AustralianSuper manager research head departs

ELIZABETH FRY  |  FRIDAY, 19 JUL 2024
... portfolio construction. He spent the last 10 years as the head of manager research at the nation's largest superannuation fund, where he built multi-manager equity portfolios, now valued at $50 billion. He was also responsible for oversight of the ...

Mercer Super chalks up 11.2% return

ANDREW MCKEAN  |  THURSDAY, 18 JUL 2024
Mercer Super's SmartPath, its default lifecycle investment option, has delivered returns ranging from 11.2% and 11.7% for the last financial year. Mercer's acting chief investment officer for the Pacific region Sue Wang said the results were an excellent ...

Brighter Super posts 9.07% returns for its default option

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
Brighter Super announced double-digit returns in its Balanced and Growth accumulation options and 9.07% for its default MySuper option. The Balanced accumulation option returned 10.57% and the Growth accumulation option delivered 11.91%, for the year ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
The UK government plans to introduce a 'value for money' test for workplace pension schemes and mandate them to offer retirement products, as it looks to ensure Brits retire with more. A new Pension Schemes Bill, announced in a speech by King ...

The most popular fund types launched in Australia

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
... factor behind the increase in flows into global assets is largely being driven by our compulsory investment into superannuation. As the superannuation industry continues its trajectory to outgrow the total GDP of Australia, these funds must be deployed ...