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Showing 2161 - 2170 of 18113 results for "superannuation"

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
APRA has published its Quarterly Superannuation Performance and Quarterly MySuper Statistics report, revealing surging growth in the superannuation sector. Total superannuation assets increased by 7.6%, reaching $3.54 trillion in the year to June, compared ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... billion. The merger also saw ART's membership swell to 2.3 million, cementing it as Australia's second-largest superannuation fund. The Woolworths and Endeavour merger comes during a strong growth period for ART; the fund expects total inflows ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... Financial Management to Human Financial. The firm is still considering its options on what it should do with its superannuation fund, ClearView Retirement Plan. The successful execution of ClearView's simplification and transformation strategy now sees ...

legalsuper chief operating officer exits

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
The chief operating officer of the $5.4 billion superannuation fund has left amid a leadership restructure under the new chief executive. Trevin Erichsen has been with legalsuper for less than a year, joining as interim chief executive when Andrew Proebstl ...

Vanguard appoints head of strategy

ELIZABETH FRY  |  TUESDAY, 22 AUG 2023
... spokesperson. This appointment follows the overhaul of Vanguard's retail unit in May. The fund manager merged the superannuation and non-superannuation businesses. At the same time, strategy was shifted to the finance function, reporting to the chief ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
According to a Mercer report, superannuation tax concessions for median income earners costs less than the future Age Pension savings from super. The Mercer Rethinking super tax concessions report shows under a model where individuals benefit from superannuation ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... shift in a section of the market that has seen some consolidation during the last year," referring to both the superannuation and asset management sectors. "HSBC Australia continues to build its custody offering, investing in technology and people to ...

ISA, AIST announce merger to form new organisation

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) are merging, announcing a new unified organisation to represent profit-to-member superannuation funds. In a joint statement, ISA and AIST said the merged entity ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... his assets frozen and been barred from leaving the country as the regulator investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered by the Federal Court to surrender his passport while his assets ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... actions that it says, "have not yet been quantified and participation has not yet been determined". These relate to superannuation, and commissions for advice and insurance. "Currently, it is not possible to determine the ultimate impact of these claims ...