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Showing 41 - 50 of 169 results for "Public sector fund"

The secret to super outperformance

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
New research from the Responsible Investment Association Australasia (RIAA) has revealed Australian superannuation funds that engage in responsible investing are outperforming their peers. The report looked at one, three and five-year time frames and ...

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... relevant circumstances. "Our advice reviews showed that the compliance rate for retail, industry, corporate and public sector fund types varied within a moderate range," ASIC said. "Due to the different sample sizes, it is not possible to fairly compare ...

Merger costs may impact short-term returns: ASI

KANIKA SOOD  |  WEDNESDAY, 4 SEP 2019
... said. "It's very hard and the treasuries will just keep saying no and even in Tasmania where we had the public sector fund and the government had passed legislation to make us merge together, they still said 'why should we give you stamp duty ...

Members shift to industry super funds

KARREN VERGARA  |  THURSDAY, 29 AUG 2019
Retail superannuation funds copped a battering of outflows as latest APRA figures paint a telling picture of a booming industry super fund sector nearly one year after the Hayne Royal Commission. Retail fund assets were flat at $625.7 billion in the ...

ASIC approves name and shame rules

KARREN VERGARA  |  TUESDAY, 27 AUG 2019
The corporate regulator has given the Australian Financial Complaints Authority the green light to name financial services companies and superannuation funds in its determinations. In deciding to disclose names, ASIC said this will help identify conduct ...

J.P. Morgan loses custody contract

KANIKA SOOD  |  FRIDAY, 12 JUL 2019
A $34 billion public sector fund has appointed a new custodian, ending a 19 year-long relationship with J.P. Morgan. Funds SA has selected Northern Trust as its custodian, after a long tender process. In September last year, Funds SA said it had invited ...

Super fund appoints new asset consultant

ELIZABETH MCARTHUR  |  MONDAY, 8 JUL 2019
... executive Mark Puli said: "Frontier led the field in virtually all of the measures that are important to us as a public sector fund that operates on behalf of our members." ESSSuper becomes the 17th super fund in Frontier's client base - and the ...

Former Link general manager joins Mercer

KARREN VERGARA  |  TUESDAY, 11 JUN 2019
Mercer appointed a senior client manager responsible for overseeing industry and public sector fund clients from Link Group. Paul Giles joins Mercer's Sydney office as a partner on June 11. He will be helping trustees provide more value to members amid ...

Industry funds temper inflows post-Royal Commission

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
The finance services Royal Commission had minimal impact on industry fund inflows as reflected in APRA's latest superannuation statistics. The prudential regulator's March 2019 figures show retail super funds ($623.4bn) grew by 5.8% over the ...

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
Six years after the first lifecycle MySuper products hit the shelves, industry superannuation funds have trailed behind the retail sector in terms of adoption. Only five industry funds ditched their single strategy MySuper product for a lifecycle option ...