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

Search Results

Showing 21 - 30 of 2139 results for "industry fund"

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... and mining workers - but also signifies a continued commitment to serving these sectors. "The new profit-to-member industry fund will focus on growth across the industry sectors, while improving the best outcomes possible for members," Langby and Sherry ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... June 2022. Meanwhile, Centric Super has just shy of 1000 accounts and $9 billion funds under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about five months on from ...

IFM Investors appoints diversified credit leads

ELIZABETH FRY  |  FRIDAY, 15 DEC 2023
... a few significant changes to its Australian diversified credit team to help drive growth in the asset class. The industry fund-backed investor has appointed Lillian Nunez and Hiran Wanigasekera as co-heads of the business. The duo will lead the team ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... Socially Responsible Investment - Balanced option are now "materially higher", blaming increased performance fees. The industry fund recently updated its Product Disclosure Statement (PDS) to reflect the fees and costs incurred last financial year for ...

Vale John Quessy

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... secretary John Quessy has passed away. Quessy served as a director and alternative director for nearly 20 years at the industry fund, until he retired this year. "Our heartfelt thanks go to John for his commitment to the education sector and NGS members," ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... fund for purportedly publishing false or misleading performance figures about one of its investment options. The industry fund subsequently incurred a $48,600 fine for its claims regarding its Balanced Growth investment option, which boasted a 10-year ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
Financial advisers are set to pay $400 less in the ASIC funding levy, saving the industry $8 million in total, according to new estimates from the Financial Advice Association Australia (FAAA). Based on two legislative instruments dated November 3 ...

Rest names internal global equities lead

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
... appointed a seasoned executive to lead its newly formed internal global equities division. Joining the $76 billion industry fund, Richard Mercado is charged with constructing an internal global equities management capability, implementing an active ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
The long-standing chief executive of a $6.7 billion industry fund will leave December 1, after nearly two decades at the helm. Prime Super chief executive Lachlan Baird, who's held the role since 2005 and presided over "considerable change and growth" ...