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Showing 31 - 40 of 106 results for "EIS"

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

OnePath tops Fat Cat super fund list

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
OnePath has toppled AMP to become the worst-performing superannuation fund based on Stockspot's annual ranking. In analysing some 600 multi-asset investment options offered by 100 super funds, OnePath took the gold prize as the overall worst performer ...

More departures at EISS Super

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
Just a week on from the exit of its chief executive, EISS Super has also now bid farewell to its chair and several directors. Fund chair Warren Mundy has departed the fund, alongside directors Mike Roche, Juliet Dunworth and Thomas Costa. Roche had ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
The former chief executive of EISS Super has spoken out about his decision to depart the fund in the wake of media scrutiny and the fund's failure of the APRA performance test. Alex Hutchison resigned as chief executive of EISS Super on September ...

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
EISS Super chief executive Alex Hutchison has resigned, after the fund failed the performance test and during its planned merger with TWUSUPER. Hutchison resigned yesterday and requested it be effective immediately. EISS Super chief financial officer ...

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
Frontier is concerned the APRA performance test does not adequately assess acceptable performance, given several of the funds that were failed actually perform better than others that passed. The asset consultant, which advises on $490 billion, said ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Big names like Colonial First State's FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
Super Consumers Australia has slammed super funds' member outcomes assessments (MOAs), finding several funds claiming to be acting in members' best interests even when fees are high and performance is lacklustre. Super Consumers Australia looked ...

Rest appoints Aussie equities head

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
The industry superannuation fund has hired from Australian Catholic Superannuation and Retirement Fund as it continues its hiring spree for the internal investment team. Chris Drew has been named as head of Australian equities, overseeing the asset ...

EISS Super, TWUSUPER explore merger

KANIKA SOOD  |  TUESDAY, 13 APR 2021
The two industry superannuation funds have signed a memorandum of understanding to weigh a potential merger. If the merger proceeds, the combined fund will have about 130,000 members and $12 billion in funds under management. In a joint statement, the ...