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Showing 571 - 580 of 1307 results for "AustralianSuper"

No slowing ERS applications

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... $8.96 billion. The average payment from these funds was $7446, with over 94% of payments made within five days. AustralianSuper has paid out $1.8 billion to its members, followed by Sunsuper at $1.38 billion, Hostplus at $1.28 billion and Rest at $1.23 ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... what they were if they ask. ME Bank is owned by 26 industry superannuation funds including Media Super, UniSuper, AustralianSuper and Hostplus.

AustralianSuper bolsters leadership

HARRISON WORLEY  |  MONDAY, 1 JUN 2020
... has been appointed group executive strategy, brand and reputation of the nation's largest superannuation fund, AustralianSuper. Most recently general manager of corporate affairs at Coles Group, Adams joins the giant super fund following stints as chief ...

ERS withdrawals surpass $10bn

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
... continued the trend, releasing funds within five business days just 57% of the time. The country's largest fund, AustralianSuper, has released over $1.3 billion to more than 180,000 members. Hostplus and Sunsuper have also surpassed the billion-dollar ...

IFM Investors ready to ramp up corporate lending

KANIKA SOOD  |  FRIDAY, 22 MAY 2020
... companies with $15 million to $20 million EBITDA that generally are privately owned. In 2017, IFM joined forces with AustralianSuper to lend $150 million in long-term debt to Australian billionaire Anthony Pratt's cardboard maker Vizy Industries. It ...

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
... from 96% the previous week. It also revealed the average payment amount has dropped slightly from $7629 to $7546. AustralianSuper has received the most applications, with its payout exceeding the $1 billion mark, followed by Sunsuper and Hostplus. Sunsuper ...

COVID-19 ushers in the future of work

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... commercial office space is hard to work out right now," she said. Interestingly, at a QIC roundtable on April 27, AustralianSuper chief investment officer Mark Delaney questioned whether office buildings were a prudent investment in the post-COVID-19 ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... diverse membership bases also had significant volumes of early release applications. Australia's largest fund, AustralianSuper, had paid out $763 million by May 3 and has hit $1 billion since. Sunsuper had paid $784 million by May 3. Hostplus and Rest ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... whether the bank has ever paid dividends to the 26 industry superannuation funds that own the bank (including AustralianSuper, Hostplus and UniSuper). "If you've got a sole purpose test that money is supposed to be invested on behalf of members to ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... Meanwhile, 24 funds paid 99% of requests within the necessary timeframe and 18 funds did so for 98% of requests. AustralianSuper paid out 99,350 members to the tune of close to $764 million. About 98.9% of these were processed within five days. Hostplus ...