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Showing 381 - 390 of 2275 results for "Industry fund"

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... insurance fee of 1% charges on all death, TPD and income protection premiums from 1 May 2021. Additionally, the industry fund said it will close its MySuper Lifecycle investment option and instead offer a single diversified investment option, MySuper. ...

Industry fund appoints property mandate

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
The investment manager of $59 billion industry fund Cbus has appointed Multiplex to construct a $300 million commercial property development in Adelaide. Cbus Property partnered with the South Australian government to develop a building at 83 Pirie ...

Sunsuper, QSuper confirm merger will go ahead

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 15 MAR 2021
Sunsuper and QSuper will merge later this year, with the two funds naming the key executives and board directors to lead the $200 billion entity. The two funds have signed a Heads of Agreement to merge by September this year, a decision that is supported ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
Allowing Australians to use their superannuation savings to buy property will push up house prices and worsen affordability for low-income earners, says ASFA. Liberal member of parliament Tim Wilson is currently campaigning to let Australians use their ...

Industry fund awards ESG mandate

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
A $6 billion industry fund has implemented State Street Corporation's ESG Risk Analytics Solution to manage the carbon emissions of its assets. State Street's solution will provide EISS Super with customised ESG performance and risk management with ...

NGS strengthens ESG, ups fees

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
NGS Super, the $12 billion industry fund for non-government schools, has strengthened the exclusions in its socially responsible investment option and increased fees. The fund notified members that new exclusions will be applied to its Socially Responsible ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
ASIC has hit financial advisers with the news that levies will increase by the equivalent of 160% over two years, with industry bodies outraged. The total cost levied by ASIC is now $1500 per retail advice licence, plus an additional $2426 per authorised ...

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
The superannuation sector's assets reached a milestone of $3.04 trillion at the end of 2020. While the investments of superannuation funds copped a beating when the pandemic hit around this time last year, APRA's December 2020 statistics shows ...

Industry fund reviews DB payments

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
A $10 billion industry fund is reviewing salary and superannuation benefit payments within its defined benefit fund that were potentially paid incorrectly. Statewide Super's Salarylink, a defined benefit fund for local government workers, is investigating ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
Members of a $6.7 billion industry superannuation fund will soon see their group insurance premiums rise. LUCRF Super has informed members the cost of death and total and permanent disability, and death only cover as provided by OnePath will go up on ...