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| | | Statewide Super has hit the refresh button on its approach to risk, prompted by COVID-19 and the Royal Commission. The funds recently appointed chief risk officer, Jason Muir said his goal is to refresh the industry fund's approach to risk in a post-COVID-19 ... |
| | | | ... applications has topped $23 billion, however at the time of APRA releasing the data only $19.1 billion has been paid. Super funds continue to keep up with the five working day time frame set up by APRA with funds making payments within that limit 95% ... |
| | | | ... for its $300 million superannuation fund. Spaceship, which started out as a superannuation fund in 2017, added a managed funds business called Spaceship Voyager in 2018, offering two low-cost equities funds with the average investor a 30-year-old worker. ... |
| | | | J.P. Morgan Asset Management has launched a new integrated ESG policy statement for its global funds management business. The new ESG policy includes a proprietary 10-point ESG scoring system to evaluate its asset management teams on their level of ... |
| | | | Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions. The working group, which was put together late last year, is expected to present its ... |
| | | | Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%. The Pendal Managed Cash Fund will go from charging 22bps per year to 12bps, while the Pendal Stable Cash ... |
| | | | ... scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it. McPhee, who has been chief executive for 10 years, said he felt it was time to hand over the position to someone ... |
| | | | ... 72% reported being happy with their fund, versus 65% of those who did not seek guidance. According to Roy Morgan, retail funds saw the biggest increase in ratings, recording a 2.2% rise year on year. However, it did little to boost the retail sector's ... |
| | | | ... for Americas, in a newly-created role focussed on expanding its distribution in the region. Jeff Chapman - owned Bennelong Funds Management has appointed Daniel Allen as the managing director for Americas for its subsidiary BennBridge, effective June ... |
| | | | ... is working towards the removal of the ADL definition from policies. A spokesperson for TAL said it is working with super funds to develop alternatives to ADLs. "In 2018 TAL worked with Cbus to develop its 'Everyday Working Activities' definition which ... |
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