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Showing 1721 - 1730 of 4848 results for "super funds"

Industry funds temper inflows post-Royal Commission

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... reflected in APRA's latest superannuation statistics. The prudential regulator's March 2019 figures show retail super funds ($623.4bn) grew by 5.8% over the quarter, while industry funds' assets ($677.5bn) rose by 7.6%. SMSFs ($746.6bn) continue ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... year. The regulator first issued tender documents at the end of 2018, specifying it would only consider bids from super funds with assets in excess of $10 billion unless they could demonstrate an ability to reach that milestone by July 2021. The ability ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
... the right mix of skills and experience to represent super fund boards; establishing a 'best in show' list of super funds; and for members under 25 years of age to be able to opt-in to group insurance. The Productivity Commission deliberated in ...

Industry pledges Uluru statement support

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
... Islander leaders who met at the foot of Uluru to sign the statement. Sunsuper and AustralianSuper were the only two super funds to sign the statement. Sunsuper chair Andrew Fraser said: "We believe supporting the statement and rightfully acknowledging ...

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... variable and sporadic, many funds would struggle to pass a sound member outcomes test in this area." The calculators many super funds offer members to project their benefits at retirement don't take into account the members individual circumstances and ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its findings on CBA, worried they too may not be managing non-financial risks appropriately. ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... underperform profit-to- member funds on average; Are highly engaged with their funds (61%); Believe all of the major super funds charge the same amount of fees (31%); and Emphasise the importance of their account balance is increasing over paying attention ...

Super fund proxy voting behaviour revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 MAY 2019
... director of climate and environment Dan Gocher said: "It is quite concerning that just nine of Australia's 50largest super funds have demonstrably supported a majority of ESG proposals in 2018." Gocher explained that most of the proposals in question ...

Global equities boutique opens Australian office

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2019
... Sustainable Growth Advisers in this important market." The long-only boutique already counts a number of Australian super funds as clients, so far totaling about US$1 billion. The business has about US$12.5 billion in assets.

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... all big four banks now use lifecycle products as defaults, with NAB's MLC being the latest entrant. In total, 25 super funds with at least three years of returns rejigged their default product to strategies that automatically adjust asset allocations ...