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Showing 271 - 280 of 830 results for "% Cbus"

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
One of the 13 super funds to fail last year's performance test is going to halve its percentage-based administration fee, a move expected to cement it as one of the cheapest MySuper products on offer. AMG Super will reduce the percentage-based component ...

Super funds drop Russian assets

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia. Yesterday Treasurer Josh Frydenberg and Senator Jane Hume released a joint statement requesting that ...

Cbus names deputy chair

JAMIE WILLIAMSON  |  THURSDAY, 3 MAR 2022
The $68 billion industry super fund has appointed a new deputy chair. Master Builders Australia chief executive Denita Wawn has been named in the role, replacing Dave Noonan who stepped down earlier this year. Wawn has been on the board of Cbus since ...

Remembering Helen Hewett

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... years before that. "Helen's determination to see members retire in comfort and dignity inspired all of those around her," Cbus said. "Under Helen's tenure the funds under management grew fourfold, she expanded member access to personal risk insurance ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... they were exploring a merger in June 2020. More than a year later a successor fund transfer deed was signed. Once merged, Cbus will be home to about 847,000 members and $72 billion in assets.

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
MP Jason Falinski spent the most recent House Economics Committee hearing probing the implications of super funds creating "rainy day funds" to pay for possible fines and sanctions. At the beginning of the hearing, Falinski asked University of NSW professor ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... the other types of fees and costs. It will be included in the 3% cap for members with less than $6000 in their accounts. Cbus, Active Super, CareSuper and QSuper have all received Supreme Court approval and put measures in place to create rainy day funds. ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
The House Economics Committee is going to examine the rainy day funds created by superannuation funds following recent amendments made to the Superannuation Industry (Supervision) Act 1993. The hearing, scheduled for February 10, is part of the committee's ...

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
Vanguard's decision to hand back institutional mandates has been good news for State Street Global Advisors, BlackRock and several other managers, analysis shows. In October 2020 Vanguard announced it would hand back mandates to super funds ahead of ...

Cbus, Dexus acquire Perth assets

CHLOE WALKER  |  TUESDAY, 1 FEB 2022
Cbus and Dexus have executed agreements to acquire a 33.3% interest in the Jandakot joint venture, which holds the Jandakot Airport and industrial precinct in Perth, Western Australia. Jandakot Airport is the major general aviation airport in Western ...