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Showing 641 - 650 of 3242 results for "Employee"

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
The annual MySuper heatmap shows 45% of products delivered returns below benchmark this year but there are few surprises, with most being the same products that failed the performance test. The regulator has also shared which funds came close to failing ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Crescent Wealth's Super Growth (2.48%), Tidswell Personal Super - Schroder Strategic Growth Fund (2.46%), and Asgard Employee Superannuation Account's SMA High Growth (2.15%), which all scored a red card for charging excessive fees. The likes ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... In all, APRA tested 76 MySuper products, of which 13 failed. The full list of failing funds was: AMG MySuper, ASGARD Employee MySuper, Australian Catholic Superannuation and Retirement Fund's LifeTime One, AvSuper Growth, BOC MySuper, Christian Super's ...

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Disgruntled Westpac shareholders rejected the remuneration report at the bank's annual general meeting yesterday. Twenty-nine percent of shareholders voted down adopting the remuneration report, marking the first strike. Should 25% or more shareholders ...

Crestone to be acquired by LGT Group

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Crestone Wealth Management is set to be acquired by one of the world's largest privately owned wealth managers, LGT Group. Under the agreement, LGT Group will acquire 100% of Crestone for $475 million. "The proposed transaction would enable Crestone ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
Industry Super Australia (ISA) has released a four-point plan to put members and their future economic security at the forefront of any debates over superannuation policy during the forthcoming election. Noting various discrepancies within the current ...

BT cuts super fees by $20m

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
... redeployment for our people if their role is impacted by business changes," the spokesperson said. BT Super and its ASGARD Employee Super were among the 13 MySuper products to fail the inaugural Your Future, Your Super performance test. Since then, the ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
The one-stop shop for regulatory information for financial advisers launched on December 7. ASIC unveiled the new webpage following feedback from the industry that its resources were hard to find. The hub now consolidates ASIC's existing regulatory ...

QSuper, Sunsuper unveil rebrand

KARREN VERGARA  |  MONDAY, 6 DEC 2021
QSuper and Sunsuper unveiled a new name ahead of their planned merger, set to finalise early next year. The combined $230 billion super fund will be known as Australian Retirement Trust. Sunsuper's 1.4 million members will become members of Australian ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so. The launch of an Expression of Interest process comes after AvSuper's MySuper ...