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Showing 5731 - 5740 of 18124 results for "superannuation"

Statewide Super cans merger plans

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
... it will now pursue other opportunities. As exclusively revealed by Financial Standard in March, the $9.8 billion superannuation fund had signed a Memorandum of Understanding with Tasplan and WA Super to explore a potential merger. The talks were unsuccessful ...

Superannuation fund cuts fees

HARRISON WORLEY  |  THURSDAY, 27 JUN 2019
An ethical superannuation disruptor is the latest to adjust its fees before the Protecting Your Superannuation legislation hits. Future Super is cutting fees for low balance members. From July 1, the $400 million fund will remove the set dollar administration ...

Instos flex influence over investee companies

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
Superannuation funds and fund managers wield significant influence over capital allocation decisions in companies they invest in, research from Monash Business School finds. About 275 Australian institutional investors, the majority of which work in ...

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... year. SMSFs on the other hand grew by just 4.5% to $746.6 billion. MySuper is growing 60% faster than the broader superannuation sector, Rainmaker said. Lifecycle MySuper assets, which currently account for 40% of all MySuper assets, grew 4% in the quarter ...

FASEA approves association designations

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
... Ethics Authority (FASEA) approved coursework from the Association of Financial Advisers (AFA) and the Self-Managed Superannuation Fund Association (SMSFA) as part of its education standards for financial advisers. Advisers who completed the AFA's Fellow ...

Super delivers for the masses: Challenger

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
A new Challenger white paper suggests the superannuation system is broadly effective and delivering objectives for retirees - but it is still leaving some members behind. Citing APRA figures, members aged 65 and over have $800 billion tucked away in ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers, Rainmaker research found the gross five-year payout ratio for NFP funds was 51% ...

Australian Ethical chief executive to depart

ELIZABETH MCARTHUR  |  WEDNESDAY, 26 JUN 2019
... joined Australian Ethical from Perpetual in 2009 and has overseen substantial growth of the Australian Ethical superannuation fund and ethical investment offering. Steve Gibbs, chair of the Australian Ethical board, will be acting chief executive following ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... interests. Luthra did not take his clients' needs and objectives into consideration when he advised them to switch their superannuation to a product issued by BT and to also take out personal insurance. He also recommended BT insurance and super products ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
The prudential regulator is imposing tougher measures for interested buyers' ability to acquire stakes in superannuation funds. From 5 July, any party seeking to acquire a stake greater than 15% in an RSE must ask APRA for approval. APRA said the ...