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Showing 11 - 20 of 23 results for "Profit to member"

The ongoing evolution of super: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
... savings in the world while having the 14 th largest economy," she said. "Through it all [the last three decades], profit to member funds have seen strong performance and long-term returns have proved profitable." She added that some of the biggest themes ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... major financial detriment demonstrates that the model is sound." Nonetheless, there were some stark risks to profit to member trustees. The lack of capital within trustee companies prior to the legislative necessitation of trustee capital reserves being ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... the trustee does not have sufficient capital to pay the penalty." Hostplus is just the latest in a series of profit to member funds which have gone to the Supreme Court for approval to create "rainy day funds" in case of fines. The changes to the SIS ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... include the management of their investments alongside one of Australia's largest and long-term well-performing profit to member funds, while maintaining full control of their fund's strategy and member and employer relationships," Elia said. ...

Industry fund lowers fees

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
... fees: Australian Shares (0.29% to 0.15%), international shares (0.34% to 0.15%) and cash (0.10% to 0.08%). "As a profit to member fund we are always looking for ways to improve member outcomes. Through a strong cost discipline we have been able to reduce ...

Hostplus enters merger talks

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... said: "Along with Hostplus, we are keen to explore how a merger of our funds, based on shared values, our all profit to member philosophy and focus and track record in serving the hospitality, clubs and allied sectors, would better serve our members ...

Poor performance a fiduciary breach

JAMIE WILLIAMSON  |  FRIDAY, 16 NOV 2018
... we will see a massive shake-up in retail as it readjusts its business model, and a significant shake-up in the profit to member sector as well. And I would hope that APRA would drive this, ending the days of trustees being a servant to their commercial ...

Industry fund drops admin fees

JAMIE WILLIAMSON  |  THURSDAY, 17 MAY 2018
... inflows as well as strong investment returns VicSuper has now grown to over $20 billion," Dundon added. "As a profit to member fund we were able to reduce our administration fee so our members can benefit from our efficiency and scale gains." The reductions ...

New chair, deputy chair for industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
... said. "Cate's achievements are not limited to the CareSuper boardroom - her widely-recognised commitment to the profit to member superannuation model and to maximising member outcomes, including making super fairer for women, saw her named as the AIST ...

Industry fund appoints two directors

EMMA RAPAPORT  |  TUESDAY, 16 MAY 2017
An industry superannuation fund appointed two directors to its board, continuing its customer-centred focus on strategy, innovation and technology. Deirdre Wroth, a banking and wealth management executive with 28 years of experience, has been appointed ...