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Showing 541 - 550 of 2293 results for "industry fund"

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 ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... of Representatives' Standing Economics Committee, referenced a report from research and ratings house Lonsec on industry fund Hostplus in his letter sent yesterday. Lonsec's report sent to advice clients mentioned that 70% of Hostplus's infrastructure ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
New research predicts industry funds are no longer set to dominate the superannuation industry, as COVID-19 changes the race to the top. KPMG's latest Super Insights report shows industry super funds are no longer on track to takeover SMSFs as the biggest ...

ISA questioned over political donations

ELIZABETH MCARTHUR  |  FRIDAY, 15 MAY 2020
... purpose test?" Wilson asked Dean. Dean said questions on that matter should be directed to Sunsuper, which while an industry fund is not an ISA member. However, Dean did ask for clarity on what was defined as a donation. He noted that it is valuable ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
Fears super funds with memberships concentrated in the industries hit hardest by the COVID-19 shutdown would feel the pain of early release more are proving largely unfounded, with funds of all kinds seeing withdrawals. While much speculation surrounded ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
MP Tim Wilson has argued industry super funds' ownership of ME Bank is at odds with the sole purpose test as the bank has yet to pay dividends. Following ME Bank's controversial decision to slash redraw balances on some legacy home loans, and ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
Industry Super Australia has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider ...

Industry fund reshuffles leadership

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAY 2020
The $11 billion industry fund for the coal mining sector, Mine Super, has a new deputy chief executive and a new chief risk officer. Vasyl Nair has transitioned from chief risk officer to deputy chief executive. Nair had been chief risk officer at the ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
With more than one million people applying for the government's early release scheme, questions surrounding super fund ownership in equity markets have come to the fore. The government's scheme will so far put at least a $9 billion strain on Australia's ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... including Rest, Hostplus, Qantas Super, Media Super and Sunsuper have also revealed their early release numbers. Industry fund for tourism and hospitality Hostplus' early release numbers were also creeping towards $1 billion this week. The fund had ...