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

Search Results

Showing 41 - 50 of 16564 results for "superannuation"

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
... to its tax ruling TR 2023/4 for consultation which determines when a person is considered an employee under the Superannuation Guarantee (Administration) Act 1992 (SGAA). The draft update will bring into the tax ruling the ATO commissioner's views on ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
Rest's core strategy default MySuper investment option, where most of its two million members are invested, delivered a one-year return of 8.67% over the last financial year. This exceeds its long-term average annual return of 8.29% since July 1988. ...

HESTA returns 9.1% to members

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
HESTA's default MySuper balanced growth option has returned 9.1% over the last financial year. The option has averaged an annual return of 7.62% over the past 10 years. HESTA chief executive Debby Blakey said that despite ongoing uncertainty in financial ...

Morningstar names new manager research lead

ELIZABETH FRY  |  TUESDAY, 2 JUL 2024
... policy and advice. As practice leader, Olsen will also support Morningstar's strategy to provide comprehensive superannuation fund ratings that will address fund's fees, features and performance. The new research head brings over 10 years of ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
Superannuation funds continue to grapple with their retirement income strategy obligations, citing financial advice regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
AustralianSuper has unveiled a raft of changes to its investment exposures and fees which came into effect July 1. Across its MySuper, Choice and TTR Income products, the super fund has removed its exposure to listed infrastructure and listed property. ...

WTW names new head for Australia and New Zealand

ANDREW MCKEAN  |  TUESDAY, 2 JUL 2024
... risk and broking. He succeeded Andrew Boal, who spent nearly 30 years at WTW. Boal is now a partner in Deloitte's superannuation and investment practice. Weaver said that WTW's value proposition around risk and specialisms is gaining traction with clients ...

GigSuper goes into liquidation

KARREN VERGARA  |  MONDAY, 1 JUL 2024
GigSuper, the superannuation fund designed for the self-employed, has entered voluntary liquidation. GigSuper launched in 2017 in the hope of helping those working in the gig economy save better for retirement. It partnered with the likes of Deliveroo ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
Australian Retirement Trust (ART) returned 11.3% p.a. for its High Growth option for the 2024 financial year. ART head of investment strategy Andrew Fisher told Financial Standard that equities over the last two years have been "surprisingly resilient ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... increase in the number of HESTA members lodging their claim online through the portal," Samuels said. Commonwealth Superannuation Corporation (CSC) has also implemented AIA's new member insurance portal, noting stronger engagement with claimants ...