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Showing 191 - 200 of 296 results for "Ages"

APRA requirements welcomed by sector

BEN COLLINS  |  THURSDAY, 20 SEP 2012
... could send the wrong message to super fund members. "We think a better approach is to take into account members' different ages and needs, rather than a one-size-fits-all approach to measuring risk," she said. AIST is the representative body for the ...

Aus Sup to manage 30% of own funds in 5 years

BEN COLLINS  |  MONDAY, 10 SEP 2012
AustralianSuper has unveiled plans to manage up to 30% of its funds internally by 2017. Australia's largest super fund said in a statement today, that it has plans to build an internal management team as the next initiative to further reduce costs and ...

APRAs' best intentions misleading: Super industry

BEN COLLINS  |  TUESDAY, 28 AUG 2012
... income in retirement, said the group of in a statement. "We think a better approach is to take into account members' different ages and needs, rather than a one-size-fits-all approach to measuring risk". In addition to recommending that the Standard ...

AGEST bungle isolated: BNP Paribas

BEN COLLINS  |  THURSDAY, 26 JUL 2012
French investment bank BNP Paribas has said that the miscalculation of AGEST Super returns reported yesterday was an isolated incident. AGEST Super recently wrote to affected members advising them that they have either been under or over paid - after ...

AGEST bungles returns

BEN COLLINS  |  WEDNESDAY, 25 JUL 2012
AGEST Super has written to some members advising them that they have either been under or over paid - after custodian BNP Paribas miscalculated returns. The mistake will cause approximately 5000 balances being revised down and 18,000 revised up. "We ...

SMSF contributions spike ahead of cap

MELANIE TIMBRELL  |  THURSDAY, 19 JUL 2012
... last chance to contribute up to $50,000 in concessional contributions before the $25,000 concessional cap was applied to all ages," La Greca said. Cash holdings also tracked an increase in the June quarter, up 4% while investment in Australian shares ...

StatewideSuper, Local Super complete merger

BEN COLLINS  |  WEDNESDAY, 4 JUL 2012
StatewideSuper and Local Super have merged, creating a $4bn superannuation fund, based in South Australia and the Northern Territory. The merger was enabled by planned federal government capital gains tax relief measures, said Pauline Vamos, Association ...

AGEST merger put on hold

BEN COLLINS  |  FRIDAY, 29 JUN 2012
AGEST Super has put its merger with AustralianSuper on hold until after December when a deferral of capital gains tax becomes legislation. The legislation will extend capital gains tax (CGT) rollover relief until 2017 for superannuation funds that will ...

AustralianSuper wins landmark IBM mandate

MELANIE TIMBRELL  |  THURSDAY, 17 MAY 2012
AustralianSuper has won Australia's largest corporate super outsourcing mandate to manage the $1.7bn IBM staff fund. Subject to due diligence, current IBM Super members and employees will transfer to AustralianSuper effective 1 November 2012. The tender ...

AIST appoints new president

RACHEL DAVIS  |  THURSDAY, 3 MAY 2012
The Australian Institute of Superannuation Trustees has appointed Cate Wood as its new president, replacing Gerard Noonan who will become deputy president, after completing the maximum two year tenure as the Institute's president. A current director ...