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Showing 11 - 20 of 25 results for "Profit to member"

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... chair Nick Sherry said the two funds share a strong heritage of "member first values" as historically important profit to member industry super funds. "Mine Super and TWUSUPER share the vision of creating a sustainable fund which protects and promotes ...

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 ...