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Showing 3751 - 3760 of 18115 results for "superannuation"

Hostplus holds on to MySuper top spot

KANIKA SOOD  |  WEDNESDAY, 9 JUN 2021
Hostplus remained the best performing single-strategy MySuper option in the year ending April, as superannuation's rebound continued. The Rainmaker MySuper Index returned 18.7% in the 12 months to April. The month's returns were 70bps lower ...

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
Despite the spate of superannuation funds increasing the cost of cover, new Rainmaker analysis shows group insurance premiums fell by 7% to a four-year low of $8.7 billion. The research, conducted over 10 years, also revealed that not-for-profit (NFP) ...

PRI chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
... PRI since 2013. She joined the responsible investing group after previously leading the Australian Institute of Superannuation Trustees as chief executive between 2006 and 2013. In Reynolds' time with the PRI, it has grown from 1000 signatories to 4000. ...

HESTA awards mandate

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
One of Australia's largest super funds, $60 billion industry fund HESTA, has selected a software-as-a-service platform to manage its finance operations. TechnologyOne was selected by the fund to streamline financial reporting, with the aim of allowing ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
Fifty-six superannuation products dropped their fees in the March quarter, according to Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... said: "The test may, in some cases, be to the substantial long-term detriment of members." Actuaries Institute superannuation practice committee Tim Jenkins said asset allocation is disregarded in the test. "As a result, the proposed performance test ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
IFM Investors has been named in a class action regarding the Colonial Pipeline, which the industry fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District ...

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... recording-breaking amount of $851 million stolen, rising 23% compared to the prior year. More than 1500 incidents relate to superannuation scams resulting in over $6.4 million in losses, mostly prompted by the early release of superannuation scheme. ...

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
... of the amendments on its wish list. Best Financial Interest Duty's proposal to give ministers the power to ban superannuation funds' investments was dropped. However, Labor's other proposed amendments lost out 69 to 59, with only the Greens MP Adam Bandt ...

Adviser numbers fall below 20k

KARREN VERGARA  |  THURSDAY, 3 JUN 2021
... Association (NTAA) and provides a licensing solution for accountants to enable them to offer self-managed super funds and superannuation advice. The top 10 licensees also comprise: Morgans Financial (487), Synchronised Business Services (472), Charter ...