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Showing 5361 - 5370 of 22790 results for "Funds"

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
... providing insurance cover to members through their super," LUCRF Super told members. It's the latest in a long line of super funds increasing premiums in the last 12 months, a trend that is expected to continue throughout 2021; a recent poll of Financial ...

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
A senator has argued that super funds should not be able to take short positions or participate in securities lending to short sellers. Queensland Liberal National Party Senator Gerard Rennick delivered an impassioned speech during the Senate debate ...

Australian equities funds downgraded

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
Morningstar's latest report card for Australian equities funds has downgraded more funds, including strategies from Pendal and Fidelity, than it upgraded. Morningstar's latest Australian Equities Sector Wrap downgraded 10 funds, upgraded nine and commenced ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... 85% of Aware Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default superannuation product product from single strategy (which uses same asset allocation for members of all ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... protested and the equity markets dropped. It didn't happen overnight, but it happened once more in 2019. After lifting the fed funds rate four times in 2018 and preparing the markets in September of that year for a further three more quarter-point increases ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
... Budget. Future Fund guardian Carolyn Kay, who also presented at the forum but in a separate session, said several super funds already provide effective retirement income strategies - but this must be "broad based" across the industry. It is about ensuring ...

Industry fund CIO resigns

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
The investments chief of a not-for-profit fund will leave after five years in the post. LUCRF Super chief investment officer Leigh Gavin will stay until Easter with the fund, sister publication Industry Moves first confirmed. Gavin joined LUCRF in May ...

ACCC merger reforms may impact super industry

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
... that not only does the ACCC have the power to prevent mergers in the superannuation sector, but it can do so even if super funds have been under pressure to consolidate from other regulators. "The ACCC has a role in reviewing and preventing mergers that ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ...

Remains of Melissa Caddick found

ELIZABETH MCARTHUR  |  FRIDAY, 26 FEB 2021
... property as part of its investigation. The regulator alleges that Caddick used her company, Maliver, to misappropriate investor funds. NSW Police confirmed the shoe found at Bournda Beach matched the size and style of the shoe Caddick was wearing when ...