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

Search Results

Showing 501 - 510 of 2032 results for "industry super"

A man is not a plan: Rice Warner

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... should expand education and advice services to members and improve investment strategies for retirees. Meanwhile, Industry Super Australia (ISA) estimates men have $282 billion more in their super funds and on average retire will $90,000 more in their ...

Vanguard insto head jumps to super fund

KANIKA SOOD  |  FRIDAY, 6 MAR 2020
Vanguard has appointed a new head of institutional, as the incumbent takes a role at a $105 billion industry superannuation fund. Matt Willis is joining First State Super as its head of business development, tasked with overseeing the fund's organic ...

Industry fund winds up infrastructure option

JAMIE WILLIAMSON  |  TUESDAY, 3 MAR 2020
A $6.5 billion industry superannuation fund is closing its unlisted infrastructure investment option due to lack of scale. Following a review of its offering, Media Super recently notified members it is closing its unlisted infrastructure option on ...

HESTA appoints GM, internalises investments

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
The $57 billion industry superannuation fund has announced a shakeup to its investment leadership, announcing plans to internalise the management of several asset classes. Steven Semczyszyn will lead development of an internalised Australian equities ...

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... Murray's submission suggests the super system be scrapped in favour of a more robust age pension, while ANU riled the industry super lobby by labelling the case for increasing the superannuation guarantee as "tenuous". University of New South Wales associate ...

ISA takes swipe at Grattan

ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
Industry Super Australia (ISA) claims an increase in the super guarantee to 12% will increase consumption at a whole adult life level, as it takes a swipe at alternate modelling. In its submission to the Retirement Income Review (RIR), ISA said its ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
Shine Lawyers today commenced a new class action against IOOF on behalf of shareholders. Shine Lawyers conducted an investigation into misconduct at IOOF which included obtaining a Federal Court order for IOOF to produce documents relevant to the alleged ...

Super chief opposes SG increase

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
The chief executive of a $5.5 billion industry superannuation fund has spoken out against increasing the superannuation guarantee to 12% in a submission to the Retirement Income Review. Prime Super chief executive Lachlan Baird said that while most ...

What SMSFs will look like in 2030

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... positive in his outlook. "We have far too many industry bodies and we get too many messages. For example, you have Industry Super Australia attacking SMSFs," Rice said. "I hope that in 10 years we might have one body representing all of super." Rice ...

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
A $3 billion industry super fund is the latest to hike fees ahead of the Protecting Your Super (PYS) and Putting Members Interest First (PMIF) legislation. First Super announced an increase to its administration fee, going from $1.50 per week to $2.25 ...