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Showing 431 - 440 of 1293 results for "Request"

UniSuper stares down job crisis

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
The industry superannuation fund for universities is the only defined benefit fund still open to new members in Australia, now it is grappling with how the sector has been decimated by COVID-19. The travel bans put in place around the world to curb ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... would be made, though he said the Mission Beach equity release would be used to make these payments, and continued to request clarification. Mayfair failed to pay two $2 million repayments in March. By April 7 Mayfair had proposed a payment plan but ...

Time to buy residential property: Survey

ALLY SELBY  |  THURSDAY, 28 MAY 2020
Despite the coronavirus pandemic shutting down home inspections across the country and seeing many Australians' wallets run dry, more than 70% of property investors believe now is a good time to buy. That's according to new research coming out of the ...

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
The Australian Financial Complaints Authority (AFCA) has received over 3180 COVID-19 related financial complaints since the pandemic was declared in March, with more than 600 directed at superannuation funds. Speaking to members at on online forum ...

Super fund to remediate members

KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
An industry superannuation fund is remediating some members after identifying performance discrepancies in its cash and Australian bonds holdings. REI Super said the average estimated credit is less than $60 per member, and the effect of remediation ...

Switching prompts fund to alter allocations

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Qantas Super has altered asset allocations across all its investment options in response to COVID-19, market volatility and a high number of members switching options. The $8.5 billion corporate superannuation fund said that the changes would improve ...

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... pension funds, with US$20 billion requested in direct assistance for pensions as part of a wider US$42 billion bailout request mad in mid-April. The move has been met with widespread criticism, with the editorial board of the Chicago Tribune saying the ...

Fund pulls mandate, alters pandemic definition

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
QSuper will take the management of its social responsible investment option in house and has changed the definition of pandemic illness. AMP Capital will no longer manage QSuper's socially responsible investment option as of 1 July 2020. "This change ...

Oil to make strong recovery: State Street

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
Oil is on track to make a quick and strong recovery despite expectations that a broader recovery is not on the cards for some time, according to State Street Global Markets. Ben Jones, multi-asset class strategist at State Street, said he expects to ...

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
APRA has released the newest ERS statistics for the week ending May 10, revealing funds have slipped in meeting the five-day deadline. The weekly report shows 94% of funds paid applications within five business days, down from 96% the previous week. ...