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Showing 2361 - 2370 of 18113 results for "superannuation"

Cbus eyes big deals in new investment blueprint

ANDREW MCKEAN  |  TUESDAY, 16 MAY 2023
Cbus unveiled a new investment strategy, focused on lucrative global partnerships and boosting internal asset management to 50%. The strategic pivot comes on the heels of Cbus' merger completion with EISS Super. Cbus acting chief executive Kristian ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
Super Consumers Australia (SCA) is urging all superannuation funds to review their account handling processes in the wake of AustralianSuper refunding $70 million to approximately 100,000 members who held multiple accounts with the fund. Last week ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
EISS Super's 17,000 members have combined with Cbus, which now manages more than $80 billion in retirement savings. The completion of the merger comes about 18 months on from the funds signing a Memorandum of Understanding in December 2021. This followed ...

Super fund members eye change

ANDREW MCKEAN  |  FRIDAY, 12 MAY 2023
The superannuation industry is witnessing a 13-year peak in members' intention to switch funds, according to the latest Super member engagement report by Investment Trends. The report revealed that this surge in switching intention aligns with a substantial ...

AustralianSuper to refund 100k members

CHLOE WALKER  |  FRIDAY, 12 MAY 2023
AustralianSuper will refund $70 million it overcharged 100,000 members after it failed to detect that they had multiple accounts. The country's largest superfund has self-reported itself to regulators after realising it overcharged current and former ...

Qantas Super appoints deputy investment chief

ELIZABETH FRY  |  FRIDAY, 12 MAY 2023
... managing the $12 billion investment portfolio. The mid-sized asset owner is one of Australia's largest corporate superannuation funds, with over 30,000 members and more than $9 billion in funds under management. At Qantas Super's annual general ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
The Australian Financial Complaints Authority (AFCA) received close to 1500 complaints about superannuation funds over the course of the COVID-19 pandemic. Releasing data now that the World Health Organisation has declared the pandemic over, AFCA said ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
The Australian superannuation system allows investors to shift between options and funds daily, raising critical questions about liquidity. Despite requirements under SPG530 - Investment Governance, public disclosure on liquidity stress-testing is relatively ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
In a new podcast, HLB Mann Judd wealth management partner Michael Hutton says the plan to double concessional tax rates on super balances over $3 million has many pain points. Speaking with Financial Standard, Hutton said he is not a fan of the proposal ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... leave was disappointing. "ISA will continue to advocate for super to be paid on PPL and to increase the Low-Income Superannuation Tax Offset at the earliest opportunity the federal budget allows," it said. From an advice perspective, Financial Advice ...