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Showing 391 - 400 of 2291 results for "industry fund"

"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 ...

HESTA hires investment manager

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 APR 2021
... to the position of investment manager - Australian equities and liquid alternatives. Lye has a strong pedigree in industry fund investments, joining HESTA from IFM Investors where she was a senior associate. Prior to that, Lye was a senior investment ...

Hostplus wins mandate

KANIKA SOOD  |  TUESDAY, 6 APR 2021
... after 33 years. AUSfund, which was set up as a fund for unclaimed or dormant superannuation funds, is owned by an Industry Fund Services subsidiary. IFS employed a small team of investments staff who invested AUSfund's roughly $1 billion in assets ...

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 ...