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Showing 4131 - 4140 of 18115 results for "superannuation"

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
For the second time in a year, the $52 billion superannuation fund is increasing the total cost of its standard group insurance cover for members. HESTA's standard insurance cover -- which eligible members automatically receive upon signing up unless ...

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
The $180 billion superannuation fund has been ordered to audit certain procedures, after a member's complaint to a federal regulator found the fund interfered with their privacy. The Office of the Australian Information Commissioner (OAIC) on December ...

Milliman practice lead resigns

KARREN VERGARA  |  TUESDAY, 12 JAN 2021
... the last 15 years, I have been fortunate to be the recipient of tremendous support from members of the Australian superannuation and retirement fraternity - many of which I am now lucky to call friends and mentors," Matterson said. "Most of all, my thanks ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... standards Nicole Alexander, along with Dummett and Ardino, noted the most advised topics are retirement planning, superannuation and personal insurance. However, Alexander agrees with Ardino believing scaled or limited advice, particularly in these topics ...

HESTA hires from Frontier

KANIKA SOOD  |  MONDAY, 11 JAN 2021
The $56 billion superannuation fund has hired Frontier's head of alternatives and derivatives. Michael Sommers has been appointed HESTA's general manager portfolio construction and risk and will join its investment leadership structure. Sommers ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... product, Tasplan plans to switch back to single strategy citing higher costs among the reasons. The $11.5 billion superannuation fund is set for a merger with the $12.6 billion MTAA Super on 1 April 2021. As a part of this, Tasplan will close its MySuper ...

AMG Super rebrands divisions to cut costs

KANIKA SOOD  |  MONDAY, 11 JAN 2021
The $1.4 billion Brisbane retail superannuation fund will drop individual branding of two funds it acquired in 2018, as it aims to reduce expenses over next three years. AMG Super, which is partly owned by DDH Graham, has so far run the $140 million ...

MySuper performance recovers, hits record high

KARREN VERGARA  |  MONDAY, 11 JAN 2021
Default superannuation funds have fully recovered from COVID-induced losses, yet underperformance within the asset classes remains rife, according to new Rainmaker data. Rainmaker's November 2020 MySuper index has reached a record high, bouncing ...

Super funds back COVID-19 preventative drug

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
Four major superannuation funds are backing a biotech company that is developing a nasal spray that claims to prevent COVID-19 and the common cold. AustralianSuper, HESTA, Hostplus and Statewide Super have joined forces with CSL, a venture capital fund ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... insurance market, developing the industry's leading claims function, and making it more efficient for advisers and superannuation funds to provide insurance to their customers through the use of technology."