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Showing 21 - 30 of 100+ results for "Superannuation"

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... customers; distributing duplicate insurance policies and seeking premiums from customers without a policy; charging superannuation members insurance premiums that included a commission despite them being banned; inadequate fee disclosure across its now ...

Aware Super, VISSF finalise merger

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
Aware Super has completed the successor fund transfer with the Victorian Independent Schools Superannuation Fund (VISSF). From today, VISSF members are now part of Aware Super, with the latter now supporting more than 200,000 members in the education ...

GQG Partners launches income strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 DEC 2021
... added that the strategy is expected to be attractive to Australian investors. "In conversations with institutions, superannuation funds and advisers in Australia, it is clear there is substantial demand for investment options that can deliver income ...

UniSuper, Australian Catholic Super exploring merger

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 DEC 2021
The $11 billion Australian Catholic Superannuation has committed to explore a merger with $105 billion industry fund UniSuper. The two funds signed a Memorandum of Understanding to explore a potential merger, which would see Australian Catholic Super ...

Retirees require 3.3% drawdown: Research

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
New Morningstar research recommends retirees should drop the 4% withdrawal rate to 3.3% for a balanced portfolio. Using the 3.3% rate over a 30-year time horizon, Morningstar found that newly minted retirees cannot safely withdraw 4% of their initial ...

AMP advances demerger

KARREN VERGARA  |  TUESDAY, 30 NOV 2021
... the Hayne Royal Commission. It recently entered into an enforceable undertaking with APRA for misconduct over its superannuation businesses and flagged that $325 million will be wiped out from the balance sheet.

Seven West Media backs Raiz

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
... fresh audience and explain why Raiz is an excellent product for them for saving and investing in and outside of superannuation, even if they have broking accounts or high interest saving accounts with other organisations." Seven West managing director ...

Industry fund chief steps down, successor named

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
The longstanding chief executive of $26 billion industry superannuation fund Spirit Super will step down in the new year, with a QSuper executive to take up the role. Spirit Super's Leeanne Turner will step down as chief executive in early 2022 ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... commenced six civil penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased customers; distributing duplicate ...

GSFM hires new product manager

KARREN VERGARA  |  MONDAY, 29 NOV 2021
... she worked at Macquarie Group, AMP, and Wilson HTM in product manager roles across managed accounts, corporate superannuation, and compliance. She started her career in The Netherlands, where she worked at ING Investment Management and ABN AMRO before ...