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Showing 201 - 210 of 1010 results for "ASF"

ASFA urges net zero 2050 targets

KARREN VERGARA  |  FRIDAY, 1 OCT 2021
The Association of Superannuation Funds of Australia is calling on super funds to seriously consider climate change risks and commit to net zero greenhouse gas emissions in a new discussion paper. Climate change risk highlights mitigation strategies ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
The Federal Court has found Colonial First State misled members of its FirstChoice Fund on at least 12,978 occasions over nearly two years in relation to switching to its MySuper product. The court found CFS's communication (via letters and calls) ...

Channel Capital hires from Dimensional

KANIKA SOOD  |  TUESDAY, 7 SEP 2021
The Sydney multi-boutique has appointed a Victoria-based institutional distribution director, hiring from Dimensional Fund Advisors. Henry Lyons joins its Melbourne office will be responsible for building Channel's strategic relationships with institutional ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
The government has passed legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. Treasury Laws Amendment (2021 Measure No. 6) Bill 2021 (Schedule 5) allows the ATO to share information when an individual ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
At the AIST's annual investment conference, APRA general manager superannuation Katrina Ellis was asked if the regulator is keen on transparency, why it didn't publish the quantum by which MySuper products passed or failed the inaugural YFYS ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Big names like Colonial First State's FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
According to the latest figures from the Association of Superannuation Funds of Australia (ASFA) the cost of retiring increased in the June quarter. The ASFA Retirement Standard June quarter 2021 figures indicate that couples aged around 65 living a ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
Liberal senator Andrew Bragg has launched a short paper to push for the sovereign wealth fund to manage all superannuation unless a worker opts out. The 20-page widely spaced paper titled Competition for Workers' Superannuation characterises the current ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
Ahead of the stapling reforms being implemented, a new research paper from the Association of Superannuation Funds of Australia (ASFA) shows multiple super accounts are already in sharp decline The paper outlines the fact that ATO data suggests there ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
In final YFYS regulations released last week, the government now wants super fund to be only tested on last year's administration fees instead of eight years' average in the APRA performance test. The last minute changes to the Your Future ...