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Showing 431 - 440 of 4780 results for "Super funds"

The investment managers winning the biggest mandates

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
... Some investment managers still scored large mandates despite an overall nosedive in appointments by not-for-profit super funds. Alphinity, which manages $31.39 billion of Australian-sourced funds, was awarded a $2.92 billion international equites mandate ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... amended it for highly contentious sections 99FA(1)(a) and (b) of the Superannuation Industry Act, which relates to how super funds charge for financial product advice to members. "Division 1 of this Part repeals and replaces section 99FA of the SIS Act ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... the industry will face further scrutiny on spending when the Financial Accountability Regime comes into effect for super funds in March 2025. "Another important change to SPS 515 is the requirement to support the implementation of the retirement income ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... flexible access to funds in retirement. The follow-up survey released today again shows very little to no progress among super funds. ASIC commissioner Simone Constant said: "Trustees have a pivotal role to play in improving retirement outcomes for their ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... carrying high, single digit returns," he said. Preliminary Chant West estimates show the median growth fund return for super funds in FY24 is at about 9%. As of today, ART introduced changes to its lifecycle strategy, which affects how members' money ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... the portal is expected to enhance APRA time to decision, and improve operational efficiencies for both itself and super funds.

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
... property scam detection and prevention, and being aware of high-risk transactions. The new Standard also sets out that super funds should ensure their customers are aware of existing policies that relate to the resolution of customer complaints as they ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... Morgan said. "By scrapping its coal exclusion policy, Vision Super is out of step with member expectations as many super funds are dumping all investments in thermal coal. "It's alarming that Vision Super has withdrawn its thermal coal exclusion policy ...

Citi Australia appoints debt capital markets lead

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... sales and solutions (FISS). Her new responsibilities include overseeing engagement with institutional partners such as super funds, asset managers, insurers, and wealth platforms. Ashton returned to Citi in 2022 serving as director of equities. Prior ...

Early contributions boost retirement balances

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... make these informed financial decisions. And when individuals are better off, the wider community is better off too. "Super funds are perfectly placed to help Australians by offering advice at scale, using a hybrid approach that combines cutting-edge ...