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Showing 211 - 220 of 1965 results for "default"

Hostplus tops up mandate, returns 8% to members

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... with a return of 8.95%. While it was one of the few funds to see a positive return in FY22, this year its accumulation default comes in behind the likes of AustralianSuper, Australian Retirement Trust, Aware Super, Brighter Super, and Cbus. However ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... companies as their international counterparts and said under the reforms, UK pension providers will commit around 5% of their default funds to unlisted equities by 2030. "I start with Defined Contribution pension schemes, which in the UK now invest under ...

Aware Super returns 10.7% for FY23

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
The super fund delivered 10.7% to members sitting in its default MySuper Lifecycle option, with investment chief Damian Graham saying a pivot away from certain unlisted asset sectors proved the right call. Aware's default MySuper option is a lifecycle ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
... highest risk are members under 55 years of age, members who have been in their fund for less than five years, and those in a default investment strategy. The key reasons for switching cited were poor returns, high fees, lack of transparency, difficult ...

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... performance," Sawtell-Rickson said. HESTA chief executive Debby Blakey said the strong long-term performance of the fund's default option was pleasing. The balanced growth investment option, she highlighted, has been yielding a return of 8.02% per annum ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
... return prediction is supported by those funds that have already publicised their annual result. AustralianSuper's default option achieved 8.22%, while Cbus did 8.5%. Ahead of them is Australian Retirement Trust, returning 10% to MySuper members. ...

ART delivers 10% for members

KARREN VERGARA  |  TUESDAY, 4 JUL 2023
... equity portfolio and most of its fixed income strategies are managed externally. In FY2022, ART reported -0.96% for its default option, dragged mostly by the bear market that pushed super fund performance in the red. The listed and direct property sector ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... their commitment to net zero," Blakey told FS Sustainability. Holdings of Santos represent around 0.06% of HESTA's default option Balanced Growth's holdings, a spokesperson said. The super fund does include methane in its assessment of greenhouse ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed to a MySuper product despite no directive having been given by the member as to where ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...