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Showing 531 - 540 of 2292 results for "industry fund"

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 ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
Greg Combet has written to Standing Economics Committee chair Tim Wilson, rejecting the latter's claims of a conflict of interest in IFM's business and the demand for an APRA investigation into industry funds. Last month, Wilson wrote to APRA asking ...

Industry fund appoints administrator

HARRISON WORLEY  |  TUESDAY, 2 JUN 2020
A $2 billion industry superannuation fund is set to go live with an automated superannuation administration service in early 2021 after inking a mandate with the firm. GuildSuper, the industry super fund for 80,000 people working in the pharmacy, childcare ...

Industry fund named top employer

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
An industry superannuation fund managing around $6 billion has been recognised as one of the nation's best employers. EISS Super has been named a Kincentric Best Employer, an award based on the feedback of its staff. Kincentric, a global consulting ...

Industry fund backs tobacco-free pledge

ALLY SELBY  |  THURSDAY, 28 MAY 2020
A $100 billion industry super fund has backed the Tobacco Free Finance Pledge Stamp, firming its commitment towards a more sustainable and tobacco-free future. First State Super has secured a Pledge Stamp, showcasing its public commitment to sustainable ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
Latest data from APRA shows that the superannuation sector has withstood the worst of the COVID-19 financial crisis, falling just 0.3% in a year while bolstering cash reserves. The prudential regulator's latest quarterly superannuation statistics ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... efficiency. Seven out of the top 10 fastest-growing funds are industry funds, and the median operating cost for an industry fund is approximately half of the median cost for a retail fund," Chhikara said. While industry funds have consistently delivered ...