Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1931 - 1940 of 8609 results for "DIF"

How will members respond to the YFYS test results?

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
Queensland University of Technology senior lecturer Elisabeth Sinnewe says some members may be lulled into a bad choice about superannuation when they read the performance test results. Sinnewe discussed the behavioural aspects of consumer choices ...

Cbus, Media Super sign SFT deed

JAMIE WILLIAMSON  |  WEDNESDAY, 1 SEP 2021
The two industry super funds have progressed their plans to merge, officially signing a successor fund transfer deed. Together, the funds will manage more than $70 billion in retirement savings for about 850,000 members. As part of the deal, Cbus will ...

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
Frontier is concerned the APRA performance test does not adequately assess acceptable performance, given several of the funds that were failed actually perform better than others that passed. The asset consultant, which advises on $490 billion, said ...

WTL posts $3.3m loss

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
WT Financial Group (WTL) reported a huge loss in FY21 as a result of its restructuring efforts. While revenue grew 6% to $13.6 million, WTL recorded a $3.3 million loss, down from $594,000 in FY20. This is a result of one-off write-downs and provisions ...

Experts torn on inflation outlook

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
Speaking at the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference, a panel of economic experts shared very different views on the outlook for inflation. J.P. Morgan Asset Management chief market strategist Karen Ward argued ...

Communicate risk, defensiveness differently: Panel

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
Funds will have to shift the way they communicate risk to members and rethink portfolios as the outlook for defensive assets changes in the coming years. That was the consensus from a panel at the Australian Institute of Superannuation Trustees (AIST) ...

Mergers don't always lead to scale benefits: Barry

ANNABELLE DICKSON  |  TUESDAY, 31 AUG 2021
There is a misunderstanding that superannuation fund mergers will automatically lead to scale benefits for members, according to Spirit Super's chief investment officer. Speaking at the Australian Institute of Superannuation Trustees (AIST) ASI ...

Equal Pay Day offers sobering reminder

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
This Equal Pay Day has provided a reminder that many Australian women will face financial hardship - especially in old age - if equality of pay is not addressed. The gender pay gap in Australia grew over the last year, Aware Super chief executive Deanne ...

Zurich introduces gender affirmation leave

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
Zurich Australia and New Zealand has strengthened its support for LGBTQ+ workers by introducing gender affirmation leave. Zurich's new gender affirmation policy provides transgender and gender diverse team members access to assistance if they choose ...

Market momentum to continue: ASI Conference

ANNABELLE DICKSON  |  TUESDAY, 31 AUG 2021
Superannuation funds have experienced a year of stellar returns and it is set to continue with the risk of a correction unlikely in the short-term. Speaking on a panel at the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference ...