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Showing 171 - 180 of 847 results for "CBUS"

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... investigation found a CFMEU official allegedly bragged about his power to secure lucrative contracts on projects funded by Cbus, claiming to have insider influence. Cbus, which has a 14-member board comprising an equal number of employer and union directors ...

Cbus taps ex-AustralianSuper equities chief for 'critical role'

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
Cbus has appointed a former AustralianSuper equities chief to serve as its head of portfolio construction. Justin Pascoe, who joined AustralianSuper as a senior portfolio manager in June 2019 before being promoted in August 2021, will take on the "critical ...

CareSuper, Spirit Super take final steps towards merger

JAMIE WILLIAMSON  |  TUESDAY, 30 JUL 2024
... risk officer. Meantime, Simon Reiter will join the fund as chief technology officer. He most recently held this same role at Cbus Property and was previously in lead technology roles at Aware Super and VicSuper, prior to the merger. Commenting, Murray ...

Cbus unleashes raft of fee changes

ELIZA BAVIN  |  TUESDAY, 30 JUL 2024
Cbus has dropped its administration fee from $1.50 per week to $1 per week from September 28, saving members $26 per year. The total administration fees are made up of a weekly and percentage fee, so while the weekly fee has changed the percentage fee ...

Cbus hires from VFMC for key ESG role

ROSE MARY PETRASS  |  TUESDAY, 23 JUL 2024
Talieh Williams has made the jump from Victorian Funds Management Corporation (VFMC) to join Cbus as head of ESG integration. In the new role, Williams will support the creation of long-term returns for members of the $98 billion industry fund for building ...

Cbus strategy chief exits

KARREN VERGARA  |  MONDAY, 22 JUL 2024
The chief strategy officer of Cbus Super has resigned from the post after eight years with the fund. Alexandra West was less than a year into her new role as strategy chief before she resigned effective June 7. West stepped into the newly created role ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
Industry funds BUSSQ and Cbus have defended their respective boards' close ties to the CFMEU, saying all representatives satisfy the fit and proper standards outlined by APRA. This week the Victorian branch of the Construction, Forestry and Maritime ...

The investment managers winning the biggest mandates

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
... which manages $31.39 billion of Australian-sourced funds, was awarded a $2.92 billion international equites mandate from Cbus and a $327 million Australian equities mandate from Brighter Super, totalling $3.25 billion. This made Alphinity the top manager ...

Cbus MySuper investment option returns 8.35%

ANDREW MCKEAN  |  FRIDAY, 5 JUL 2024
Cbus has reported an 8.35% return for its growth MySuper investment option for the last financial year. The $94 billion industry fund said that the option has averaged an annual return of 7.73% over the past 10 years. It has achieved an average annual ...