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Showing 381 - 390 of 2024 results for "Industry Super"

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... to trade unions for example, which are set to profit $31 million over a decade. He was particularly critical of Industry Super Australia spending $40 million last year on advertising. ISA told Financial Standard in the past that it has not increased ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... robbed workers of their retirement savings worth $3.6 billion, based on Australian Tax Office estimates from 2015. Industry Super Australia thinks this figure is closer to $6 billion. New figures from the ATO reveal that 24,000 employers have come forward ...

Aware Super, Lendlease execute $200m recapitalisation

ALLY SELBY  |  FRIDAY, 18 SEP 2020
... vision for the portfolio and who helped us reach this milestone." Aware Super portfolio manager Alek Misev said the industry super fund was proud of the success the partnership with Lendlease has had in growing its US multifamily portfolio. "This international ...

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
Despite all the challenges of 2020, ME Bank has managed a positive full year result with the bank determined to stick to its simple model. The bank had a statutory NPAT of $80.8 million in 2020, up 20% on last year's results. Its underlying NPAT was ...

Industry fund reveals new mandates

JAMIE WILLIAMSON  |  WEDNESDAY, 16 SEP 2020
An industry superannuation fund has overhauled its investment strategy, terminating and replacing several managers in the process. Following the recent termination of AMP Capital as investment manager for its Balanced Socially Responsible option, as ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
Two major industry superannuation funds have this week made bold statements about their stance on climate change, but critics argue it may be "virtue signalling" with little substance. UniSuper announced this week it is committed to achieving net zero ...

Uniti ups bid to compete with First State Super

ALLY SELBY  |  TUESDAY, 15 SEP 2020
... Uniti believes, strengthens its position to successfully complete the acquisition of OptiComm over that of the industry super fund. Uniti is now offering OptiComm shareholders a revised consideration of $4.835 cash and 0.80537 in Uniti shares per OptiComm ...

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
An industry superannuation fund is raising the bar on managing longevity risk and taking the initiative to get ahead of the retirement income review gridlock. Chris Drew, the investment manager for public markets at the Australian Catholic Superannuation ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
The $4 billion industry super fund has welcomed a new executive manager of member experience formerly of Cbus. It comes as the fund prepares to also increase insurance premiums for its almost 40,000-strong membership. Carrie Norman has joined legalsuper ...

Industry fund chief to step down

KARREN VERGARA  |  FRIDAY, 11 SEP 2020
... build on its record of above average returns for members over the medium to longer term." Under her watch, the industry super fund has returned members an average of 9.76% per annum since inception and currently has 83,000 members. "Since Linda joined ...