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Showing 141 - 150 of 1002 results for "Accumulation"

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... markets have recorded improved growth in the second half of 2023 with a 7.6% increase in the value of the ASX / S&P 200 Accumulation Index, giving an annual growth rate of 12.11% in 2023," Milliman practice leader, Australia Victor Huang said. "The subsiding ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... comprising an account-based pension, SpendSmart, and a transition to retirement option, TransitionSmart. Like the accumulation product, they both offer the choice of a default Lifecycle option, or more confident investors can elect specific investment ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... underperformance is not being addressed. In its review, ASIC examined 29 Choice options and three legacy products - 22 in accumulation phase and seven in retirement - offered by a sample of 10 trustees; ASIC selected one underperforming product per trustee ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... concessions magnifies gender differences in retirement balances. In particular, it fails to adequately support the accumulation of savings for women during periods when they work part-time and undertake caring responsibilities. ATO data shows there is ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... companies that produce defence intelligence and weapons-related solutions. For the period ending June 2023, Aware's Accumulation Growth option, had some $24.7 million in BAE and $6.4 million Honeywell. It held $613,000 in Thales and $137,000 in Elbit. ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
... Corporation (CSC) is changing the structure of its administration fees across ADF Super, the Public Sector Superannuation accumulation plan (PSSap) and CSC retirement income (CSCri). From March 1, members across these divisions will see their administration ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... cooling for their homes, just to keep their heads above water. "We cannot accept a society that promotes the gross accumulation of wealth alongside widespread global poverty. One of the best mechanisms we have to address this is progressive taxation." ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... 2023, the SRI - Balanced option had just $647 million in funds under management. This was made up of $541 million in accumulation phase, $100 million in pension phase, and $6 million in transition to retirement. The fund also noted that fees charged ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... feedback on how the inherently complex retirement phase of superannuation can be improved to match the success of the accumulation phase. The consultation discusses three key areas: Helping members navigate the retirement income system, supporting funds ...

NGS Super launches retirement savings strategy

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... providing personal financial advice." He added that going forward the industry will have a unique challenge because the accumulation phase was made to be easy therefore limiting client engagement with their fund. "The future is likely to require more ...