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Showing 391 - 400 of 818 results for "Retail fund"

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors. The Financial Services Council (FSC) claimed that the figures, released yesterday by the Australian Prudential Regulation ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
The Australian Prudential Regulation Authority (APRA) will treat MySuper product data as non-confidential, following a period of industry consultation. APRA said the industry "generally supported" APRA's proposal to treat data as non-confidential if ...

Cbus reveals executive pay

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
... demonstrate that it is considerably less lucrative to be an executive of an industry fund than it is to be an executive at a retail fund or ASX 100 listed company. In 2013, BT Financial Group chief executive Brad Cooper earned $2.35 million in cash and ...

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager ...

HOSTPLUS to launch lifecycle option

JAMES FERNYHOUGH  |  FRIDAY, 19 SEP 2014
Industry super fund HOSTPLUS will launch a lifecycle investment option next year, becoming one of the few industry funds to do so. Speaking in Sydney yesterday, HOSTPLUS chief executive David Elia said the new investment option will tailor its investment ...

Super fees drop as fund war rolls on

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... But the Rainmaker 2014 Super Fund Fee Survey revealed that fees fell from 1.24% in 2013 to 1.12% in 2014, with some retail fund prices in some sub-segments falling as much as 20%. The decline is attributed to the introduction of MySuper and the Future ...

Activist Simon Sheikh launches fossil fuel free super fund

MARK SMITH  |  THURSDAY, 4 SEP 2014
... approximate 70/30 split between growth and income assets. Fees of 1.9% per annum are roughly in line with the average retail fund but high versus the 1.1% fee for the average directly distributed fund and the 1.3% retail MySuper average, according to ...

Advertising won't grow membership, super funds told

JAMES FERNYHOUGH  |  WEDNESDAY, 3 SEP 2014
... brand awareness if not to fund growth. Both industry and retail funds were among the top funds, with an industry and retail fund taking the top two spots. She did not disclose which funds they were. Meanwhile, the survey also found that the big banks ...

Super returns dip but still strong

STAFF WRITER  |  TUESDAY, 2 SEP 2014
The SelectingSuper MySuper and Workplace rolling 12 month performance index fell during July to return 10.6% compared to 12.7% at end June and 11.7% at end May. Rainmaker, which conducts the research for SelectingSuper, noted that three year super fund ...

Select chair to become OneVue deputy CEO

ALICE URIBE  |  THURSDAY, 28 AUG 2014
Select Group chairman Brendan Foley will become OneVue's deputy chief executive after the wealth management company agreed to acquire Select Asset Management and Select Investment Partners. The deal, which is expected to be completed tomorrow, will ...