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Showing 301 - 310 of 2291 results for "industry fund"

Rest awards responsible investment mandate

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
The $70 billion industry fund, Rest, has awarded an investment mandate for its ethical investment option. The fund awarded an enhanced ESG mandate to Parametric and Calvert. The mandate is designed to provide further diversification to Rest's Sustainable ...

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
... Hostplus member with $50,000 in savings can expect to be charged an extra $16 annually for the new fee. The $74 billion industry fund informed members that the new trustee fee is being introduced in response to recent changes to the SIS Act which broaden ...

Rest strengthens investment team

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... added a head of transformation, operational risk and governance to its investments team. David Duncan has joined the industry fund in the role, having previously been director, financial services consulting at PwC. He brings about 15 years' experience ...

HESTA impact lead goes it alone

JAMIE WILLIAMSON  |  TUESDAY, 1 FEB 2022
... on authenticity in ESG. Seven Advisory is Delahunty's new venture, leaving behind her role at the $66 billion industry fund after almost four years. In a statement to Financial Standard, HESTA chief executive Debby Blakey confirmed Delahunty departed ...

JANA hires legal expert from industry fund

KARREN VERGARA  |  WEDNESDAY, 19 JAN 2022
Investment consulting firm JANA appointed a legal expert to lead its risk and compliance division. Lindy Hunt was hired as head of legal, risk and compliance last December, joining from Club Plus Super where she spent the last seven years of her career. ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
The Federal Court has imposed combined penalties of $4 million on Statewide Super for providing members with misleading information regarding their insurance and failing to report the issue to ASIC in the time required. Between 2017 and 2020, Statewide ...

Cbus to launch new investment options

ELIZABETH MCARTHUR  |  FRIDAY, 14 JAN 2022
The $67 billion super fund for the building and construction industries will launch new investment options as it remains focussed on growing to $150 billion. Cbus' existing menu of five investment options will grow to 11 with the addition of a new ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... of Understanding to complete a merger next year, with Cbus chief executive Justin Arter saying the construction industry fund has long shared an affinity with the electrical industry. "We have a strong and growing membership of 36,000 members in the ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
Several superannuation funds that flunked the inaugural Your Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal. The prudential regulator slapped retail and industry superannuation funds alike with the lowest grade ...