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

Search Results

Showing 381 - 390 of 2278 results for "industry fund"

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
APRA is facing mounting pressure to investigate the complex arrangements and quantify the financial terms between industry superannuation funds and the ABC, a parliamentary inquiry heard this morning. The prudential regulator, which appeared before ...

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry fund called attention to the Best Interest Financial Duty's reversal of the burden of proof, and the limitations of APRA's ...

Industry fund chief steps down

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... joining as chief operating officer for a brief period before becoming chief executive. Like Mitchell, Bain joined the industry fund sector from the Commonwealth Bank. Recreo, with $12 billion funds under administration, will merge with corporate and ...

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 ...