Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3501 - 3510 of 18115 results for "superannuation"

Tim Wilson grills NAB on super ownership

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
Liberal MP Tim Wilson has grilled National Australia Bank chief executive Ross McEwan on whether super funds have undue influence over Australian banks, as funds own larger portions of the ASX. Wilson asked NAB whether super funds, as shareholders ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... Colonial did not receive an investment direction from the member, it was required to transfer the member's superannuation contributions into a MySuper product." CFS hasn't remediated the majority of the affected members yet. "CFSIL apologises ...

APAC pension funds fastest growing: Study

JAMIE WILLIAMSON  |  TUESDAY, 7 SEP 2021
... (39), QSuper (63), UniSuper (70), Sunsuper (81), Rest (110), Cbus (112), HESTA (116), Hostplus (132), Commonwealth Superannuation Corporation (135), State Super (151), ESSSuper (209), Super SA (212), GESB (214) and TelstraSuper (293). All bar one of ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... Australasian Centre for Corporate Responsibility (ACCR), which analysed the voting records of the nation's 50 largest superannuation funds, found only 22 fund published their voting records. Industry super funds (59%) led the charge, followed by ...

State Super hires DC investments executive

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... Livanas said: "Jason brings the right skills and experience to our executive leadership team at a time when the superannuation industry is going through tremendous changes."

IFM Investors sets 2030 emissions target

ELIZABETH MCARTHUR  |  TUESDAY, 7 SEP 2021
The $174 billion manager owned by industry funds will reduce the carbon footprint of its infrastructure assets by 40% by 2030, as it heads down the path to net zero by 2050. IFM Investors has set its interim emissions reduction target for the infrastructure ...

AustralianSuper skewers draft disclosure laws

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
The draft legislation on superannuation portfolio holdings disclosure is not in the best financial interests of members and only stands to serve rival fund managers to whom the reforms don't apply, according to AustralianSuper. In its submission to ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
As calls for the Future Fund to become Australia's default superannuation manager are renewed, Rainmaker Information has run the numbers on what that might look like. Speculation over whether the sovereign wealth fund should be charged with managing ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
Last year many superannuation funds revalued their unlisted assets during lockdowns. Now APRA says most of their policies were deficient. Super funds took different approaches to the revaluations. For example, at Cbus the board devalued unlisted assets ...

SMSF establishments soar

ANNABELLE DICKSON  |  MONDAY, 6 SEP 2021
The popularity of self-managed superannuation funds (SMSFs) is on the rise with increased establishments and fewer wind ups in the year to June end, data from the ATO shows. There are currently 597,900 SMSFs with 1.1 million members. Throughout the ...