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Showing 4191 - 4200 of 18115 results for "superannuation"

How far are we from a trillion-dollar super fund?

KANIKA SOOD  |  FRIDAY, 11 DEC 2020
... billion will be Aware Super, which Dunnin said it could happen by 2024. Three years from then, in 2027, four other superannuation funds could swell to $200 billion. First in line for this is Hostplus followed by MLC, Sunsuper, Rest and QSuper. UniSuper ...

SMSFs dump $30bn in shares

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
Self-managed superannuation funds have not been spared by the market impact of COVID-19, with members dumping their allocation to listed shares over the past year, new data shows. The Australian Taxation Office quarterly statistical report for September ...

UniSuper wins in court judgement on board

KANIKA SOOD  |  THURSDAY, 10 DEC 2020
... UniSuper in February this year. In February, CPSU-nominated Neville Kitchin resigned from UniSuper's board. The superannuation fund then added a replacement director from National Tertiary Education Union (NTEU). UniSuper members currently come from ...

Damning Rio report to shake mining industry

ELIZABETH MCARTHUR  |  THURSDAY, 10 DEC 2020
The damning report into Rio Tinto's destruction of the Juukan Gorge sacred sites has recommended mining companies completely change the way they do business, with super funds invested in miners already welcoming the findings. On 24 May 2020, Rio Tinto ...

The real cost of a bad chief executive: AICD, ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 10 DEC 2020
... organisation. The report, produced by the Australian Institute of Company Directors (AICD) and the Australian Council of Superannuation Investors (ACSI), surveyed directors at Australia's largest companies to develop insights on how company culture is ...

Super satisfaction bounces back

ANNABELLE DICKSON  |  THURSDAY, 10 DEC 2020
Member satisfaction with superannuation funds has increased across all sectors for the first time since the pandemic, new research shows. Roy Morgan's latest Superannuation Satisfaction Report reveals overall superannuation satisfaction increased 0.6% ...

Hedge fund switched traders with algorithm

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
A hedge fund, previously linked to several superannuation funds, has been fined US$170 million for replacing its traders with an algorithm that drastically underperformed. An investigation by the US Securities Exchange Commission found UK-based BlueCrest ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... advice industry, targeting three key areas: annual renewals and payments; restrictions on deducting advice fees from superannuation; and independent disclosure requirements. Putting Commissioner Kenneth Hayne's recommendation 2.1 into practice, the ...

Government to wind up FASEA

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... and Ethics Authority will be made redundant as two government bodies take over its remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that the standard-setting aspect of ...

TAL group life lead in new role

JAMIE WILLIAMSON  |  WEDNESDAY, 9 DEC 2020
... at Zurich, joining the insurer's leadership team. With about 30 years' experience as an actuary and in superannuation, Wickham has held a series of senior leadership roles at TAL over the last nine years in addition to his current role. These ...