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

Search Results

Showing 5331 - 5340 of 18119 results for "superannuation"

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... product value, this makes it hard for them to identify problems," she explained. ASIC senior executive leader of the Superannuation team Jane Eccleston added that trustees, not just insurers, will be expected to act in response to the report. "The report ...

New role for former State Super investment chief

KANIKA SOOD  |  TUESDAY, 19 NOV 2019
... this month, Sunsuper and QSuper said they were in talks to merge, which could create the country's biggest superannuation fund with $183 billion in assets.

Industry fund bumps up fee for ESG option

KANIKA SOOD  |  TUESDAY, 19 NOV 2019
A $4 billion industry fund has increased the fee for its ESG option, which is managed by AMP Capital. Legalsuper's Balanced Socially Responsible option will charge investor 10bps more in the indirect cost ratio (now 40bps). The buy-sell spread is also ...

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
... balance sheets, despite recognising the "financially sound and resilient" nature of the nation's banks, insurers and superannuation licensees. "Although governance, culture, remuneration and accountability are often termed 'non-financial risks', a failure ...

Vanguard appoints head of superannuation

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
Vanguard has announced three new appointments to its Australian executive team, including a lead for its new superannuation offering. Michael Lovett will return to Melbourne from Vanguard's US head office to lead Vanguard Australia's planned superannuation ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
Insurance premiums have risen by up to 21% for members of an industry superannuation fund. As of this month, First Super and its group insurer MetLife have bumped up the cost of death, TPD and voluntary income protection cover. According to the fund ...

No plan to cut out advisers: SPDR chair

KANIKA SOOD  |  MONDAY, 18 NOV 2019
... contrast to Vanguard which last week said it was updating its direct-to-investor portal and separately, entering superannuation. State Street has been in Australia for close to two decades now and launched the first ETF which, until recently, was the ...

FSC, ISA face off over APRA heat map

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
Two of the most influential lobbying groups in superannuation have taken vastly different positions on APRA's recently unveiled MySuper heat map. The Financial Services Council and Industry Super Australia have aired uniquely different perspectives ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... Commission will pale by comparison." Appearing on a panel alongside Gupta, Mercer head of industry and public sector superannuation Jo-Anne Bloch said the super and advice sectors face an "enormous opportunity" to embrace digital advice, however conceded ...

Media Super winds up income investment option

ELIZABETH MCARTHUR  |  MONDAY, 18 NOV 2019
The $6.2 billion superannuation fund Media Super has issued a notice to members notifying them that its Income Plus investment option will close effective 5 February 2019. The fund said the ongoing low bond yield environment has put performance of its ...