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Showing 441 - 450 of 784 results for super kanika sood

Industry fund revamps MySuper offering

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
... fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise. EISS Super is switching its MySuper options from a "conservative balanced" portfolio to a "balanced portfolio". As a result, the option ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... approach because Cbus members have lower life expectancy compared to general population and retire earlier with less in super. He said the "need for certainty" must be balanced against the competing needs for adequacy and flexibility. And that trustees ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
Macquarie bank's income from wealth management fees fell 14% in the six months to September end compared to the same period last year, while the bank pivots its advice business to focus on high-net-worth clients. Macquarie collected $144 million ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
... "We believe this will be an important behavior change mechanism, making a difference not just in the extra cash in their super but by encouraging members to think what solution is right for them in retirement." Five years ago, the average Cbus member ...

US manager eyes Aussie retirement income

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... since its first visit, Thornburg sees greater opportunity in CIPRs (Comprehensive Income Products for Retirement) for which super funds are required to have a plan in place by July 2020. Thornburg's focus in now on its investment income builder fund ...

AustralianSuper adds former PwC partner to board

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
The $170 billion superannuation fund has appointed a former PricewaterhouseCoopers partner as a director to its board, after Don Russell moved to chair last month. Claire Keating has over 25 years of experience as a chartered accountant, specialising ...

AMP contests senior lawyer's claims

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
Larissa Baker Cook overplayed her role in fee-for-no-services escalation and could be "verbose and dominant" in conversations, AMP says in its defence to her claim seeking compensation for unfair dismissal. The senior lawyer dragged her former employer ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... the two Westpac companies had breached their FoFA-stipulated best interest duty by advising rollovers to Westpac-related super funds without a proper comparison of options, as required by law. Both Westpac companies only had the licence to provide general ...

New chair at Local Government Super

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... independent director, with extensive experience in the financial services including on the investment committee of Statewide Super. Both commenced in the roles last Tuesday. Outgoing chair Bruce Miller will step into a deputy chair role. Miller was the ...

NAB fixed income sales director moves to BOC

KANIKA SOOD  |  FRIDAY, 25 OCT 2019
Bank of China hired a former NAB and FIIG fixed income sales director for its Sydney offices as it sees its Australian business grow. Mark Todd is joining Bank of China as its head of fixed income sales. In his most recent role, Todd was a director ...