Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 231 - 240 of 3872 results for "pension"

Prime Super to change admin fees

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... (0.500% net after tax rebate) to 0.33% per annum, but the annual fee cap will increase from $588 ($500 net) to $825. For pension accounts, including transition to retirement and retirement products, the fixed fee will remain at $1.30 per week. The asset-based ...

BlackRock takes stake in Generation Life parent company

ANDREW MCKEAN  |  THURSDAY, 8 MAY 2025
BlackRock will acquire a minority stake in Generation Development Group (ASX: GDG), forming a strategic partnership with its retirement income subsidiary Generation Life to "set a new standard for managing longevity and sequencing risk." Joint working ...

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... the Future Fund operated under a commercial-first mandate, focused squarely on maximising returns to cover public sector pension liabilities - "a classic rainy-day fund." But under prime minister Anthony Albanese and treasurer Jim Chalmers, "that model ...

NZ Super recognised for two decades of outperformance

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... significantly outperformed its peers. Over the period, the average sovereign wealth fund returned 6.4% and the average pension fund return was 6.8%, but NZ Super Fund achieved an average annualised return of 10.03%. Over 10 years, it saw a 10.33% return ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

CFS allots Martin Currie two mandates

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... replacements with "the aim of improving investor outcomes". The FirstChoice Wholesale Investments, Wholesale Personal Super and Pension, Employer Super and Investments products offer the options. "There are no changes to the objective, strategy, risks ...

ART promotes high-profile retirement specialist

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... strategy for default accumulation members and looked after the solvency management of the asset pool for the lifetime pension product. The investment professional and actuary has long represented ART as a global industry thought leader in retirement ...

Frontier Advisors lands major mandate from asset management giant

ANDREW MCKEAN  |  THURSDAY, 1 MAY 2025
... Life Insurance Group. The mandate will allow Nissay to tap into Frontier's institutional intelligence to support its pension clients. Frontier chief executive Andrew Polson said establishing a foothold in the Japanese market, with an institution ...

GROW Inc. names new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 1 MAY 2025
... including Australian Ethical, Vanguard, and NGS Super. In 2023 it also won a mandate from HESTA. The transition from MUFG Pension and Retirement Services - formerly Link Group - to GROW Inc. has been a point of serious contention for HESTA members and ...

Insignia Financial trims $5bn off FUM

JAMIE WILLIAMSON  |  WEDNESDAY, 23 APR 2025
... asset management ($94.2bn). The Wrap business' assets were down 1.4% due to negative market movements and $608 million in pension payments, though partially offset by net inflows of $393 million. The MLC Expand Advised products saw close to $500 million ...