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Showing 2241 - 2250 of 18113 results for "superannuation"

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
A joint regulatory review finds that superannuation funds are shrugging off the urgency to offer robust retirement income strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
The superannuation industry can expect to offer holistic advice as assistant treasurer Stephen Jones reasons that its highly regulated framework will place trustees in good stead to make advice more accessible. At a Financial Services Council breakfast ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
KPMG has proposed superannuation reforms targeted at home carers and recipients of paid parental leave to help close the gender gap. The KPMG Towards Gender Equity in Retirement report recommended the government consider adding superannuation contributions ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... existing members high fees under the commission arrangements. This is despite the charging of commissions on new superannuation accounts being banned in 2013 under the Future of Financial Advice reforms. The action, which has been ongoing since October ...

Leigh Watson caps four decades in industry

ELIZABETH FRY  |  FRIDAY, 14 JUL 2023
... served as chief executive of Asia at MLC. Having worked across the life insurance/reinsurance, funds management and superannuation sectors, he is keeping an eye out for non-executive opportunities, he said. Accolades poured in from former colleagues ...

Acting retirement lead appointed at Australian Retirement Trust

ELIZABETH FRY  |  FRIDAY, 14 JUL 2023
... newly appointed chief of retirement arriving at the end of the year. As recently announced by the $240 billion superannuation giant, Kathy Vincent has been recruited to the newly created role and will arrive at ART on December 1. In the interim, Anne ...

Aware Super invests in renewable data centre platform

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
Aware Super is now invested in a 100% renewable-powered data centre platform, marking the fund's first investment of this kind. US-based platform Switch was founded in 2000 and is considered a leader in data centre design, development, and mission-critical ...

FRAA provides roadmap for improved super regulation by APRA

ANDREW MCKEAN  |  FRIDAY, 14 JUL 2023
The Financial Regulator Assessment Authority (FRAA) has affirmed the effectiveness of APRA in superannuation supervision, while identifying underdevelopment in the regulator's resolution function. The FRAA tabled five recommendations for APRA to enhance ...

Diversa loses key super fund mandate

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
One of the largest superannuation funds on Diversa's books has signed with a new trustee, in what the fund's described as "positive news." Future Super moved to Equity Trustees this month, dumping Diversa which has served as trustee since its ...

Brighter Super sees double-digit returns

CHLOE WALKER  |  THURSDAY, 13 JUL 2023
Brighter Super has reported double-digit returns across several of its investment options for FY23, owing largely to its oversized equities allocations. Brighter Super's MySuper option produced a 12-month return of 10.62%, while its Growth option returned ...