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Showing 381 - 390 of 2290 results for "industry fund"

LGIAsuper picks custodian for merged fund

KANIKA SOOD  |  TUESDAY, 4 MAY 2021
... uncorp's superannuation assets, has appointed a new custodian for the total $28 billion in assets. The merged industry fund will use NAB Asset Servicing as its custodian, siding with Energy Super and Suncorp Portfolio Services' current custodians ...

Rise of the mega funds continues

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
Increased merger activity in the superannuation sector will see most of Australia's retirement savings managed by just 12 funds, new research shows. KPMG's annual Super Insights report analysed APRA and ATO data and found that once the mergers that ...

Cbus appoints head of advice

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... comes after Lonsec upgraded a number of Cbus investment options to highly recommended. To date, Cbus is the only industry fund whose options have achieved this high level of rating. Its growth (MySuper), high growth, conservative and conservative growth ...

HESTA hires former Vanguard head

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
HESTA, the $60 billion industry fund for the health and community services sector, has made a key appointment within its investments team. Stephen Howard has been appointed general manager, defensives. He was the head of fixed income for Asia Pacific ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ...

BUSSQ appoints two executive managers

KANIKA SOOD  |  TUESDAY, 13 APR 2021
The $5 billion industry fund has appointed two executive managers. Camille Magee moved to executive manager, relationships, growth and advice, Financial Standard's sister publication Industry Moves confirmed. Magee has previously worked at Equipsuper ...

Commonwealth seeks to stop bond class action

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... O'Donnell is studying law. Barnden is the same lawyer who represented Mark McVeigh in his landmark case against industry fund Rest, which settled out of court but saw the fund change its policies around climate change.

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The $59 billion industry fund is calling on the government to include all superannuation products in the proposed performance benchmarks from the same date and to not commence the rest of the measures until all underperforming funds have been removed ...

First Super hires from Cbus

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
Industry fund for the pulp and paper sector First Super, which has $3.5 billion in funds under management, has appointed a deputy chief executive from Cbus. Michelle Boucher has stepped into the deputy chief executive role at First Super, where she ...

"Financial" in BFID is no big deal: Academic

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
A UNSW academic says subjecting superannuation funds to "best financial interest duty" instead of just "best interest duty" is not material, but BFID's flow-on effects will be concerning for trustees. University of New South Wales director for centre ...