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Showing 481 - 490 of 6288 results for "Superannuation Fund"

Solutions to avoid concentration risk: Scientific Beta

MATTHEW WAI  |  TUESDAY, 25 FEB 2025
The increasing dominance of giant technology stocks poses "significant challenges" for superannuation funds and other institutional investors, as index solutions provider Scientific Beta touts two possible approaches to better manage concentration risk. ...

Super fund investment in US to skyrocket

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
Australian super funds are expected to pump huge amounts of money into the US over the coming decade, according to a report from Mandala, in conjunction with Super Members Council and IFM Investors. The Going Global report said Australians' superannuation ...

Superannuation powerbrokers bound for US investment summit

ANDREW MCKEAN  |  FRIDAY, 21 FEB 2025
Superannuation, investment management, and banking leaders will descend on Washington DC and New York next week to showcase a super system poised to channel hundreds of billions into the US over the next decade. In a statement, representatives of super ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... deputy chair Sarah Court said this penalty reflects the severity of the misconduct by Australia's largest superannuation fund which betrayed the trust of its members and did not act in their best financial interests. "This was exacerbated by a systemic ...

ASFA acts to remove First Nations access issues

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
The peak industry body published a draft Guidance Note on Severe Financial Hardship Withdrawals for member consultation, marking a significant "milestone" in making it easier for First Nations people to access their superannuation. The guidance note ...

Super moves: Aware Super, CareSuper

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
... has added a new associate portfolio manager to its infrastructure team. In the new role at the $190 billion superannuation fund, Sue Jiang is responsible for the origination of new investment opportunities and managing the existing investments and portfolio ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... that as the regulator it is APRA's role to investigate any concerns they may have on any matter within a superannuation fund." Taylor added that APRA had previously scrutinised BUSSQ's fit and proper assessments without any adverse findings. ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
Former Melbourne financial adviser Bradley Grimm will continue to serve his sentence after failing to have his dishonesty conviction and prison term overturned. Grimm pleaded guilty to three counts of engaging in dishonest conduct whilst running a financial ...

Gen X remains the largest cohort in SMSF establishments: Class

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
Generation X and Millennials collectively drove about 85% of new self-managed superannuation fund (SMSF) establishments for the six months to 31 December 2024, according to a new report from Class. The total value of the net assets administered on Class ...