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Showing 2191 - 2200 of 18113 results for "superannuation"

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... alleging "misleading conduct and misrepresentations to the market relating to claims it was an ethical and responsible superannuation fund." "Active Super represented on their website that they eliminated investments that posed too great a risk to the ...

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
A calculation error has forced AustralianSuper to remediate some of its members invested in its Australian Shares option about $2 million. The "credit rating error" affected members who are invested in the Australian Shares option only. "Between 2 June ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... product performance histories. The announcement marks the culmination of consultations held in April 2023. The Superannuation Technical Determination No.1 of 2023 allows APRA to combine performance histories for all MySuper products, removing the previously ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... stands at $247.35 billion. "Much has been said and written about the disproportionate impacts large Australian superannuation funds might have on the governance of Australian businesses. Yet nary is there a word of the ability of the Commonwealth to ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... was attributed to other wealth services relating to advice quality, consumer credit insurance products, certain superannuation, and other products. About $673 million was remediated to customers suffering from poor retail and business banking services ...

Vanguard reveals the premier asset class of the last 30 years

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... the course." Vanguard Super came to fruition in November 2022, three years after it first announced plans for a superannuation offering. As previously reported by Financial Standard, the product has 36 cohorts and begins to taper allocations to growth ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... the industry-first initiative, Hejaz Financial Services co-founder Muzzammil Dhedhy told Financial Standard : "Superannuation is fundamental to ensuring a comfortable retirement, but we realised that there wasn't a Sharia account-based pension fund ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... "comparable regimes", the government noted. The government said making these changes would, in particular, serve superannuation funds which need to diversify their significant assets under management. Most of the changes were included in Treasury Laws ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... partnerships or direct purchases of shares or other equities or investments operated by a bank like a term deposit. The superannuation sector invests 55% of members' money in managed funds (excluding self-managed superannuation funds). One area the review ...

Cbus appoints new head of portfolio strategies

ANDREW MCKEAN  |  FRIDAY, 4 AUG 2023
... at AustralianSuper. Leigh Gavin was appointed as the head of portfolio management, a role conceived to drive the superannuation fund's five-year strategy, aiming to internalise over 50% of assets under management and bolster global investment partnerships. ...