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Showing 251 - 260 of 2023 results for "Industry Super"

Super fund documents unreadable: Study

JAMIE WILLIAMSON  |  FRIDAY, 29 OCT 2021
... scores for active voice went to HESTA (76.3%), CareSuper (73.6%), and Hostplus and AustralianSuper (73.4%). In all, industry super funds outperformed retail funds on every metric. "Retail and industry super funds have a duty to be open and clear about ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
Latest analysis by Industry Super Australia shows about $5 billion in super went unpaid in the 2018-19 financial year, owed to about three million workers. On average, Australian workers lose about $1700 in superannuation each year, ISA said, amounting ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... 1.07% on average (see Figure 1). A major super fund like AustralianSuper charges 0.8% while some charge even less. Industry Super Australia argues that the establishment of a government-run fund would see a member $126,000 worse off at retirement. This ...

Government-run super would leave members worse off: ISA

KARREN VERGARA  |  MONDAY, 25 OCT 2021
New modelling from Industry Super Australia finds that the establishment of a government-run fund would see a member $126,000 worse off at retirement. The new report, Nationalising super: Why politicians should keep their hands off your retirement savings ...

Tax incentive could boost affordable housing: ISA

ELIZABETH MCARTHUR  |  MONDAY, 27 SEP 2021
In its submission to the federal government's inquiry into housing affordability, Industry Super Australia has suggested superannuation funds could play a key role in creating more affordable housing. "Simply increasing overall housing stock will not ...

Industry fund chief executive to step down

ELIZABETH MCARTHUR  |  FRIDAY, 24 SEP 2021
The chief executive of a soon-to-merge industry super fund has announced he will not seek a role within the merged fund. Intrust chief executive Brendan O'Farrell has announced that he has not sought a role with the fund once it merges with Hostplus. ...

BOQ bolsters executive team

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
Bank of Queensland has appointed a chief risk officer from IAG and promoted from within for group executive business banking. David Watts will commence as chief risk officer in 2022. He previously spent over three years at IAG as chief risk officer ...

What will it take to get super on parental leave?

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
... government are failing parents, costing mothers $1.6 billion in superannuation, according to new research from Industry Super Australia. Many employers, even large companies, still fail to pay parents parental leave - forcing them to rely on Centrelink ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... consumer protection provision s12DB of the ASIC Act. In February, Bank of Queensland moved to acquire ME Bank from the industry super funds that owned the bank for more than $1.3 billion. The bank faced scrutiny in 2020 after some legacy customers had ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... records of the nation's 50 largest superannuation funds, found only 22 fund published their voting records. Industry super funds (59%) led the charge, followed by public sector funds (18%), retail funds (14%) and corporate funds (9%). Six of the ...