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Showing 191 - 200 of 936 results for %22REST Industry Super%22

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many weaknesses in the financial advice industry, targeting three key areas: annual renewals and payments; restrictions on deducting advice fees from superannuation; and ...

Retail default fund tops performance table

KARREN VERGARA  |  THURSDAY, 3 DEC 2020
... p.a.) was the best performer out of a list of 40 products, followed by UniSuper's personal balanced fund (6.4% p.a.). The rest of the top 10 performers, in the three years to October, included AustralianSuper (6% p.a.), Cbus (5.6% p.a.), Aware Super ...

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... leads the pack, having paid out $4.88 billion. This is followed by Sunsuper which has paid $3.57 billion to its members and Rest which has paid $3.23 billion to its members. Other industry funds whose members have suffered as a result of the COVID-19 ...

SMSFs are cost-effective, deliver for members

KARREN VERGARA  |  MONDAY, 23 NOV 2020
... industry and retail super funds. Balances of $500,000 or more are generally the cheapest alternative. The research puts to rest the argument that SMSFs are not competitive on costs compared to APRA-regulated super funds, SMSFA chief executive John Maroney ...

Pinnacle boutique wins super fund mandate

KANIKA SOOD  |  MONDAY, 23 NOV 2020
... said Pinnacle Investment Management director institutional distribution Wes Campbell. "Importantly, legalsuper members can rest assured Aikya's intensive focus on stewardship and ESG factors means funds will not flow into companies with negative ...

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... navigate the retirement system. After the Royal Commission exposed deep flaws in Australia's financial advice sector the industry has faced a crackdown from regulators, but now the Retirement Income Review has called for greater access to financial ...

Three advisers banned for non-financial crimes

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
... Commons outlining that the FCA views sexual harassment as misconduct which can drive poor culture in the financial services industry. First of the three, Mark Horsey was the sole director of a financial advice firm during which time he secretly filmed ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
... case was scheduled to be heard today but Justice Perram ordered that by consent the case was to be dismissed. McVeigh and Rest have been ordered to each bear their own legal costs. McVeigh was never seeking financial compensation from his super fund ...

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
... administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums. Rest has notified members their admin fees will rise from November 28, from $1.30 per week plus 0.10% to $1.50 per week plus 0.12%. ...

AustralianSuper backs cobalt miner

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
The industry fund was a cornerstone investor in an ASX-listed mining stock's $45 million equity raise. AustralianSuper invested $18.5 million in Jervois Mining, representing nearly 40% of the total raise. It bought at 20.5 cents per JRV share, which ...

Editor's Choice

Australian Retirement Trust people chief to depart

ELIZABETH FRY
Australian Retirement Trust has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year.

SSGA loses $2.4bn in two months

KARREN VERGARA
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products.

AFCA seeks industry feedback on approaches

ELIZA BAVIN
The financial complaints authority is asking the industry for feedback on how it approaches issues and reaches decisions.

Apex, ACA partner to broaden client services

ANDREW MCKEAN
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.

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