Search Results | Showing 31 - 40 of 424 results for %22Super consolidation%22 |
| | | Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ... |
| | | | ... of a multi-year transition. In a business update, Australian Ethical explained that following its merger with Christian Super, its focus has shifted towards streamlining back-office operations and driving efficiencies, starting with the transition of ... |
| | | | ... good value to members should be consolidating with others that can deliver a better outcome. "We still have a landscape in super where we have 118 APRA regulated super funds as at 30th June 2022," Cole said. "A small number of those, or the top 10, have ... |
| | | | ... advised NFP superannuation market. The figure, which is up from 77% in 2020, is reflective of the ongoing rationalisation of super funds. However, at the same time, it's down from the high of 90% which was seen in 2015 due to super funds increasingly ... |
| | | | ... said there are several ways. "They would all likely have the root cause in data entry," he explained. "Data provided to super funds probably comes from three main sources, the employer, the member, and then administrators and trustees upon a successor ... |
| | | | Super Consumers Australia (SCA) is urging all superannuation funds to review their account handling processes in the wake of AustralianSuper refunding $70 million to approximately 100,000 members who held multiple accounts with the fund. Last week ... |
| | | | EISS Super's 17,000 members have combined with Cbus, which now manages more than $80 billion in retirement savings. The completion of the merger comes about 18 months on from the funds signing a Memorandum of Understanding in December 2021. This followed ... |
| | | | ... second largest superannuation fund at $231 billion. The KPMG report also labelled the changing composition of "mega-funds" - super funds with $100 billion or more in assets - as a testament to industry funds' success. As of 2022, there are seven mega-funds ... |
| | | | ... APRA singled out 80 options that significantly underperformed. They are operated by trustees AUSCOAL Superannuation (Mine Super), Avanteos Investments (Colonial First State FirstChoice Super), AvSuper, Nulis Nominees (MLC Super), BT Funds Management ... |
| | | | ... pace of consolidation in the industry, a new survey reveals. Roy Morgan's quarterly gauge of member satisfaction found that super funds were graded a 66.6% rating, down from a record high of 72% one year ago. Industry funds reported the largest decline ... |
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