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Search ResultsShowing 41 - 50 of 100+ results for "AustralianSuper"
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 ...
Link feels impact of COVID-19
JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
... resulted in the closure of those member accounts. Link is administrator for a number of super funds, including AustralianSuper, AMIST Super, BUSSQ, Cbus, HESTA and Hostplus. Link said it has seen increased member activity, with contact centre volumes ...
Early release applications top $9bn
ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... funds for the industries hardest hit by COVID-19 not far behind. Australia's largest fund, the $185 billion AustralianSuper, has already paid out over $1 billion in early release to more than 140,000 members. AustralianSuper said 93% of the applications ...
AMP hangs on to AFLPA mandate
KANIKA SOOD  |  MONDAY, 4 MAY 2020
... Hostplus starting February 28. In June last year, AMP lost its mandate as default fund for Australia Post to AustralianSuper. AMP Australia chief executive Alex Wade said he was delighted to be continuing AMP's long-term partnership with the AFL Players' ...
Super CIOs defend illiquid assets
ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
At a virtual round table hosted by QIC the chief investment officers of AustralianSuper, LGIAsuper and more defended allocations to illiquid assets. Following weeks of scrutiny over potential liquidity issues facing super funds, the chief investments ...
More super funds will merge: QMV
ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... decades was already coming to a peak before COVID-19 hit. "If Sunsuper and QSuper merge they'll be bigger than AustralianSuper. It almost starts to get to the point where you say, do we have enough competition? We're a fair way from really having ...
Best MySuper products revealed
ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... as at December end. For MySuper products with a single investment strategy (as opposed to lifecycle products) AustralianSuper was on top. The largest super fund in Australia has over $100 billion in its MySuper strategy and returned 16.8% over one year ...
AustralianSuper pays out $320m
JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
AustralianSuper has already paid out close to $320 million to members under the early release scheme as it readies to release a further $330 million. The super fund said it has received requests from about 85,000 members so far, representing about $650 ...
LGIAsuper revises down unlisted assets
KANIKA SOOD  |  FRIDAY, 24 APR 2020
... superannuation fund has revised down the value of its property and infrastructure in response to COVID-19, joining AustralianSuper, UniSuper and Hostplus. LGIAsuper reduced the valuation of its property portfolio by 5% and infrastructure portfolio by ...
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