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

Search Results

Showing 3661 - 3670 of 18115 results for "superannuation"

Legalsuper adds to board

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
... replacing Phil Kennon who served on the board for 12 years before retiring last month. "At a time of continuing superannuation sector reform and challenges, we look forward to Jim contributing valuable experience, insights and acumen to the board's deliberations," ...

Alternatives, equities dominate mandates

KANIKA SOOD  |  WEDNESDAY, 14 JUL 2021
Not-for-profit superannuation funds appointed 377 mandates in the 12 months ending March, with alternatives and Australian equities winning the lion's share. By number, alternatives mandates were the popular (46% of 377), followed by equities (29%) ...

Funds will fail YFYS test multiple times: Parametric

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
The latest researcher to run the numbers says as many as 20% of super funds could fail the Your Future, Your Super performance test in any given year, with a strong likelihood they'll fail again in the years to follow. According to Parametric modelling ...

Colonial First State reports 22.4% in super returns

KANIKA SOOD  |  TUESDAY, 13 JUL 2021
Colonial First State's FirstChoice Lifestage returned an average of 22.4% after fees and tax in FY21. The returns are aggregate across FirstChoice's different lifestages, which have different asset allocations. The 1990-1984 lifestage returned ...

Former Hillross adviser pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 13 JUL 2021
... June 2010 until 14 March 2016. ASIC reported that Nexus purchased a client book for SuperLeader, an AMP corporate superannuation product where employers and employees could become members. ASIC alleges he made and used false documents by forging 30 member ...

Ian Silk to leave AustralianSuper

KARREN VERGARA  |  TUESDAY, 13 JUL 2021
The chief executive of Australia's biggest superannuation fund AustralianSuper will step down before the end of the year. Having led the fund since its creation on 1 July 2006, Ian Silk is set to leave the super fund at the end of this year. Chief ...

Active Super returns 23%

KANIKA SOOD  |  MONDAY, 12 JUL 2021
Active Super returned 23% in FY21, but its chief investment officer Craig Turnbull says the fund is watching for signs of inflation. The fund, which was previously named Local Government Super, posted its best yearly returns in its 24 year-long history ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... high-pressure sales and unsuitable add on insurance being sold to consumers. This extended to insurance within superannuation (including group life insurance). On 10 December2020, the government passed laws that introduced a deferred sales model with ...

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... Andrew Bragg as a "quasi-merger" in a letter to APRA. "All we've done is buy units into the Hostplus pooled superannuation trust or PST -- in the same way we would buy units in any other pooled investment vehicle," Robertson said at the July 8 hearings. ...

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... Evans & Dixon's financial advice arm for $8.2 million and declaration of 53 contraventions. Dixon Advisory and Superannuation Services (DASS) will pay $7.2 million in penalty and $1 million to cover ASIC's costs. The penalty follows from court-ordered ...