Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 387 results for "Retail super"

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... arrangements and service providers. The thematic review assessed the management of outsourcing arrangements across 10 retail super trustees, covering four key services - administration, financial advice, investment management and insurance. APRA's observations ...

Adviser losses now baked in: Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
New analysis of financial adviser numbers speculates as to how big the industry might be in 20 years' time, presenting a range of scenarios - including a world in which there might be no advisers left. Adviser numbers hit their peak in 2019 at 26,500 ...

NFP funds dominate retiree super: Research

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... the period ending December 2021 shows. In 2015, NFP's share of the retiree market was just 34%. In the same period, retail super's share has dropped from 66% to 43%. Six out of the 10 largest funds for retiree assets are also now NFPs, with the five ...

Superhero to offer Qantas points

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... minor trading accounts are also all eligible to enter. The offer is not applicable to members of Superhero's retail super offering. The giveaway will conclude on 30 April 2022 and 10 winners will be chosen on May 1, each winning 100,000 Qantas points. ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... reserves. Professor Scott Donald from the University of NSW appeared before the committee and explained that while retail super funds have a parent company which can fund penalties, not-for-profit funds are in a more complex position and therefore may ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
A retail superannuation fund offered to customers of several small players in Australia's banking sector will close in March. Credit Union Building Societies Superannuation, known as CUBS Superannuation, is a retail offering overseen by Equity Trustees ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
Industry groups have labelled the APRA heatmaps a wake-up call to consumers about the importance of having their superannuation invested in a well performing fund, though there's still doubts as to the accuracy of the regulator's process. The release ...

HESTA leads trustee board diversity

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Superannuation fund HESTA has the highest number of women on its trustee board with nine females versus five males. An analysis of APRA's fund-level superannuation data as at June 2021 shows the $67 billion fund has tipped the gender imbalance as ...

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... MySuper account currently pay less than $30 billion a year in fees after a year of reductions across not-for-profit and retail super funds. Currently APRA regulated funds stand at 155: retail (93), public sector (16), industry (33) and corporate (13%). ...