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Showing 291 - 300 of 17420 results for "Billion"

Super system to hit $12.4tn by 2045

VINNY VUCAGO  |  TUESDAY, 30 JUN 2026
... superannuation at Deloitte predicts further consolidation across the sector, with the number of funds managing more than $100 billion expected to increase from 10 to 12. The top 25 APRA-regulated funds already control 97% of industry assets, while the ...

Mercer cuts mandates for Global Listed Property Fund

KARREN VERGARA  |  TUESDAY, 30 JUN 2026
... but may also have an allocation to property securities in emerging markets. Based in Iowa, US, Principal AM has US$577.9 billion in assets under management. In May, Mercer overhauled its mandates for its Australian equities and small-caps funds following ...

Super the backbone of stressed financial ecosystem: APRA

MATTHEW WAI  |  TUESDAY, 30 JUN 2026
... pressures. Participating funds experienced, on a monthly aggregate, heightened liquidity demand from members at around $30 billion during the test, while cumulative demands surged to $174 billion, or just under 16% of net assets. In response, most funds ...

Future Group to internalise super trustee structure

MATTHEW WAI  |  MONDAY, 29 JUN 2026
... Sheikh said the transaction takes place amid a strong period of growth. "With over 400,000 members, five brands and $13 billion in superannuation assets under management, our members will be well served by a singularly focussed trustee," Sheikh said. ...

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
A $1.1 billion surge in advice fees deducted from Australians' superannuation accounts over the past two years has prompted fresh calls for stronger consumer protections. This comes amid concerns younger members are being switched into higher cost ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... systemic issue that continued for years after the regime was introduced, which is unacceptable for a fund entrusted with $80 billion worth of retirement savings for more than a million members," she said.

Natixis names chief executive for Mirova

MATTHEW WAI  |  MONDAY, 29 JUN 2026
... sustainable portfolios, across asset classes in both listed and private markets. As of 31 March 2026, the firm has $40 billion (US$27.2bn) in assets under management.

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... are platform trustees monitoring risks to retirement savings, reviewed six platform trustees entrusted with over $300 billion in retirement savings from 1 June 2024 to 31 October 2025. ASIC found persistent gaps in advice fee controls, limited checks ...

NZ Super names private equity lead

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
... Goodwin said. Private equity and alternative investments account for about 13% of the NZ Super Fund's approximately NZ$93 billion portfolio. The appointment follows the fund's recent commitment of NZ$35 million to Movac's latest venture capital fund ...

Payday Super to tackle gender super gap: Aware Super

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... have historically lost contributions via gaps created by quarterly payment cycles, according to Aware Super. The $245 billion super fund is ushering in the new Payday Super regime, which kicks into gear on July 1, as "one of the most meaningful improvements ...