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Showing 4741 - 4750 of 22787 results for "Funds"

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
An ASIC survey of super funds about their preparedness for the new enforceable internal dispute resolution (IDR) obligations identified areas of weakness. The specific areas identified by the regulator as needing improvement include attention to governance ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... financial assets like super when a relationship ends, so this is a positive development." The Association of Superannuation Funds of Australia agreed: "We support the implementation of any mechanism that assists parties to be able to split their super ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...

Funds will have to guide members on SRM, LTRM

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... manager for actuarial practice Estelle Liu, at a panel moderated by AIST senior manager of policy David Haynes. Superannuation funds currently disclose SRM [usually CPI plus a percentage] to members, which is regarded as a short-term risk measure. The ...

YFYS spurs half to change asset mix

KARREN VERGARA  |  THURSDAY, 2 SEP 2021
Only half of superannuation funds will be prompted to change their investment profile as a result of the new Your Future, Your Super performance test, an Australian Institute of Superannuation Trustees survey shows. The poll, conducted at AIST's ...

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... of Superannuation Trustees (AIST) ASI 2021 conference while Your Future, Your Super is imperfect, poor performing super funds need to be weeded out. AustralianSuper returned a record 20.4% last financial year and now has $225 billion in funds under management ...

New investment model for affordable housing proposed

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
Super funds may be able to access an income stream from the federal government for investments in affordable housing under a new scheme, the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference has heard. Appearing at the conference ...

Former CFSGAM chief executive joins CFA Institute

ANNABELLE DICKSON  |  THURSDAY, 2 SEP 2021
... governors and is currently chair at Omnia Capital Partners and a non-executive director at Yarra Capital Management and Fisher Funds Management. Lazberger served as chief executive of CFSGAM for a decade and oversaw more than $160 billion in funds and ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... quantum by which MySuper products passed or failed the inaugural YFYS test. The test results released on Tuesday showed 13 funds failed, meaning they fell at least 50bps behind the combined investment (net of fees) and administration fee benchmarks. ...

Aware Super to offload farm assets

JAMIE WILLIAMSON  |  THURSDAY, 2 SEP 2021
... not only substantial and sustainable production, but also long-term business viability," he said. Hector added that the funds' investment has significantly enhanced the farmland and achieved major environmental benefits, as well as good returns for members. ...