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Showing 571 - 580 of 2025 results for "Industry super"

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
Australian Executor Trustees (SA) Limited, formerly owned by IOOF, is expected to pay about $80 million after yesterday's court judgement on its conduct as the trustee to a forestry investment scheme. AET was appointed as the trustee of the S.E.A.S ...

SG increase will not help women: Treasury

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
Forty percent of single women are estimated to retire in poverty, but Treasury think increasing the superannuation guarantee won't do much for women's lower superannuation balances. February documents released by the Treasury under freedom of information ...

Treasury agreed with Grattan SG modelling

KANIKA SOOD  |  TUESDAY, 24 SEP 2019
... recommendation, which it published as a part of a November 2018 report on retirement income adequacy. This included Industry Super Australia's Phil Gallagher who called the analysis "deeply flawed", the Australian Institute of Superannuation Trustees ...

Boutique wins industry fund mandate

KANIKA SOOD  |  MONDAY, 23 SEP 2019
A Sydney boutique has won an $89 million mandate from an industry superannuation fund as it shuffles its manager lineup. Christian Super chose Ethical Partners, run by Perpetual Investments' former deputy head of equities Nathan Parkin, as it swapped ...

Industry funds confirm merger

HARRISON WORLEY  |  MONDAY, 23 SEP 2019
... confirmed they will merge later this year. Hostplus and Club Super are set to merge in just over a month, after the two industry super funds signed a Successor Fund Transfer Deed (SFT), marking a significant milestone in the union originally proposed ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
The Australian Prudential Regulation Authority has labelled its failed action against IOOF and five of its senior officers as a test case. APRA deputy chair Helen Rowell said the regulator was disappointed by the decision last week but added the case ...

Industry fund appoints chief executive

KANIKA SOOD  |  FRIDAY, 20 SEP 2019
A $69 billion industry superannuation fund has appointed a former State Street Global Advisors executive as its new chief executive. Sunsuper has hired Bernard Reilly in the role, making him the fourth chief executive in the fund's 32-year-long ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... industry, including the life insurance industry. Reaction to the bill's passage was mixed. The peak body for industry super, Industry Super Australia (ISA) said the changes were an improvement, but noted the government's carve-out for young workers ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...

IFM Investors boss to retire

KANIKA SOOD  |  THURSDAY, 19 SEP 2019
... decade, IFM Investors has transformed and globalised while retaining an unyielding focus - consistent with our industry super fund owners - on strong net returns to members." During the remainder of Himbury's tenure, he will work closely with the ...