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Showing 41 - 50 of 784 results for super kanika sood

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
The industry fund will close its basic cash option on August 13, as it sees returns dry up. The option invested in cash securities that have a maximum maturity of three months. It aimed to match the return of the one-month Australian Bank Bill rate ...

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... differential, the best overall MySuper fund delivered 27.3% over the 12 months ending June. This was a lifecycle fund from Guild Super for the under-20 cohort. In single strategy MySuper, the best performer only returned 21.1% which was Hostplus. The ...

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer. Essential Super Employer - Lifestage 1980-84 returned 26.5% in the year ending June, according to Rainmaker's performance tables ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday. The first round covers MySuper products alone. Trustee-directed products ...

GigSuper eyes $1.5m raise

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years. GigSuper this week opened a crowd-funded raise for $1.5 million based on pre-money valuation of $8.1 million. ...

Future Fund appoints portfolio strategy lead

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy. Ben Samild was named to the role, which was left vacant in December 2020 after Sue Brake moved to Future Fund's chief ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
... RSE licence to APRA, as it agrees to ASIC's allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover and Tidswell in the South Australia ...

IOOF buys $68m retail property

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
IOOF has added a $68 million Sydney retail property to its unlisted property portfolio. Great Western Centre is located in Minchinbury in western Sydney and in close proximity to Parramatta. It is also close to Bradfield where the new Western Sydney ...

Industry fund tops superannuation satisfaction survey

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
... latest superannuation satisfaction report. HESTA was named the winner for the six months ending June 2021, toppling Catholic Super which won the last round to January 2021. "Our focus on putting members first in everything we do sees us continually look ...

Spaceship hits $1bn in total assets

KANIKA SOOD  |  TUESDAY, 27 JUL 2021
... stapling and performance benchmarking requirements. Read more about Spaceship's business model and Moore's career in FS Super's latest cover story.