Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 82 results for "Maritime Super"

Rise of the mega funds continues

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... million. Cbus and Media Super also announced they are working on a merger plan to become a $60 billion fund while Maritime Super and Hostplus announced an asset pooling partnership that will create a $61 billion trust. "The stand-out issue in the industry ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and Hostplus where the former will "effectively become a shell company" overseen by the Hostplus trustee board. "The idea ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... retail funds, four from public sector funds, five from industry funds and two from corporate funds. Since then, Maritime Super and Tasplan has gone back to running their MySuper products as single strategy, with Tasplan citing higher admin cost of lifecycle ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... a $61 billion trust, in a move that is set to be a better alternative to a merger. Touted as an industry first, Maritime Super and Hostplus today announced an asset-pooling partnership that will take effect 30 April 2021. Maritime Super's $6 billion ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... corporate funds. Tasplan is not the first superannuation fund to reverse from lifecycle to single strategy, with Maritime Super having made a similar move in September 2020.

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... (lifecycle) AUSCOAL (lifecycle) EISS Super AMP's AFLPA and AFL Industry MySuper, and MySuper No.3 (lifecycle) Maritime Super Super funds that slog exorbitant administration fees to members with low balances of $50,000 and less are: BT Funds Management's ...

Best super, pension fund revealed

JAMIE WILLIAMSON  |  THURSDAY, 3 DEC 2020
... product. The best cash super product went to AMG Super, followed by Intrust Super, NGS Super, Virgin Money and Maritime Super. UniSuper took home best growth product for its Sustainable High Growth option and Colonial First State was named highest super ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... criticised for their unsatisfactory investment performance and relatively high fees based on APRA's heatmap metrics. Maritime Super, LUCRF Super, and several BT Funds Management products such as Asgard's Employee MySuper, BT Super for Life and ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... members who have it quite good, paying just 19% of fee revenue. Overall, in the two years to June end, members of Maritime Super saw the biggest fee cuts with the total expense ratio (TER) for a $50,000 balance dropping by more than 0.8%. It was followed ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... members," Clancy said. MLC Life Insurance has this year won at least two super fund mandates: for the $6 billion Maritime Super where it replaced AIA Australia and the Generali Employee Benefits (GEB) scheme. OnePath Life was renewed as the insurer for ...