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Showing 511 - 520 of 2278 results for "Industry fund"

FPA accuses ASIC of price gouging

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
The Financial Planning Association of Australia has hit back at the corporate regulator accusing it of price gouging after increasing the industry funding levy for financial advisers by 38%. The FPA has urged the corporate regulator to reconsider the ...

Industry fund drops Rio Tinto amid sacred site outcry

HARRISON WORLEY, ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
Rio Tinto has been excluded from two portfolio options of a major industry superannuation fund following its destruction of 46,000 year old Indigenous heritage sites at Juukan Gorge last month. First State Super has dropped Rio Tinto from the diversified ...

Industry funds continue risk-adjusted domination

HARRISON WORLEY  |  FRIDAY, 12 JUN 2020
... p.a. three-year return, the lowest minimum monthly return at -6%, and the equal highest Sharpe ratio at 0.6. The industry fund shared the equal top Sharpe ratio with Australian Ethical, which was the only retail super fund to crack the top 10 by combined ...

Industry fund adds investments officer

JAMIE WILLIAMSON  |  THURSDAY, 11 JUN 2020
A $2.2 billion superannuation fund has welcomed a new investments officer, joining from Commonwealth Superannuation Corporation. Gina Dowley joined AvSuper in April in the role of investments officer, bringing more than 20 years' experience in superannuation. ...

VicSuper disputes fee hike claim

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
... expects the cost of the "most simple form of complex advice given to a single member" could rise by 37% to $3500", the industry fund told Financial Standard that members would not be subjected to a "fee hit" as asserted in the article. According to the ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... stake in the national interest." Jones says the National Party should pay particular attention to the actions of industry fund Rest, whose $500 million commitment to new agricultural investments in New South Wales and Queensland address the party's ...

Report reveals superficiality of ESG pledges

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
A new report has revealed a number of superannuation funds, including AustralianSuper, voted down shareholder resolutions on climate change despite signing up to the Investor Group on Climate Change. The Australian Centre for Corporate Responsibility ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
Within the next decade, the number of superannuation funds serving Australians will drop by 60%, according to a new KPMG report. New KPMG research shows the 217 APRA-regulated superannuation funds will shrink to 138 within the next five years, with ...

Commonwealth Super names new chief

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUN 2020
Commonwealth Superannuation Corporation (CSC) has named a new chief executive, hiring a former industry fund chief. Damian Hill, who was chief executive of Rest for 12 years, will now lead the $50 billion government fund. His appointment comes as CSC's ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... number of non-retail funds not named by Leigh also failed to meet the five day timeline in more than half of cases. Industry fund Australian Catholic Superannuation and Retirement Fund only managed to pay out 34.8% of the 1915 requests it has had in ...