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

Search Results

Showing 31 - 40 of 100+ results for "Superannuation"

Hostplus, Intrust merger complete

KARREN VERGARA  |  MONDAY, 29 NOV 2021
Hostplus and Intrust Super have finalised their merger, as first reported by Financial Standard in May. Intrust transitioned over 90,000 members, 25,000 employer clients, and $3 billion in funds under management to Hostplus, effectively taking the latter's ...

Default super delivers best performance in 34 years

KARREN VERGARA  |  MONDAY, 29 NOV 2021
New research reveals that default workplace superannuation funds achieved the best average returns of 18.8% in the last 34 years. Rainmaker reviewed more than 3200 investment options in its 2021 Super fund performance study, which are offered by 238 ...

Rest hires from MLC Asset Management

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The $65 billion industry superannuation fund has welcomed a head of investment product and communications who has previously held roles with MLC Asset Management and BlackRock. Lydia Vitalis joined Rest this month in the newly created role, having spent ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
... identify and monitor risk, covering governance, risk management, scenario analysis and disclosure. Banks, insurers and superannuation funds are encouraged to begin using the guidance immediately, APRA said. Following consultation, the regulator said ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... and Other Measures Bill 2021 currently sits before the house, containing the long-awaited covenant that requires superannuation funds provide and regularly review a retirement income strategy for members who are retired or approaching retirement. The ...

AMP flags $325m performance hit

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... AMP's share prices traded as low as $1.015 upon the announcement. The losses are on top of remediation relating to superannuation misconduct ($45m) and an adjustment for the sale of its life insurance and mature business ($65m). AMP chief executive Alexis ...

Aware Super chief executive named Fund Executive of the Year

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... Executive Association Limited (FEAL) Fund Executive of the Year. The annual award, now in its 20th year, recognises a superannuation fund executive who has made an outstanding contribution to their fund and the super industry. At a dinner attended by ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... an applicant in a class action against Evans & Dixon (now E&P Financial Group) and subsidiary Dixon Advisory and Superannuation Services, has applied to freeze the $7.2 million penalty agreed between DASS and ASIC in July. Kosen-rufu said it is taking ...

AFCA must improve transparency: Hume

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... three-year anniversary. The Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT) merged to form the single body.

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against ...