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| | | ... investors, but is quite likely assisted by end-of-quarter rebalancing," he said. "What we are probably seeing is large pension funds, insurers and the like adding to their allocation of equities because they are now underweight equities, due to global ... |
| | | | Senator Jane Hume has denounced mergers between super funds with similar membership bases, saying concentrated memberships can make funds weak and smaller funds should look to emulate the likes of AustralianSuper and Sunsuper. In an address to the AFR ... |
| | | | ... Summit the ATO will take on the challenge of verifying requests for early release super (ERS) payments and called on the funds to cooperate. "Right now, the government's ask of the $3 trillion super industry is that it responds to those verified ... |
| | | | Self-managed superannuation funds that own commercial premises leased to a related party have been handed some relief form the impacts of COVID-19. The Australian Tax Office has given permission for these SMSFs to now reduce the rent for the 2019/20 ... |
| | | | ... McMurtrie explaining it is still working through the solutions that are available. "We are currently working with super funds and the ATO to understand the best solution to managing both the volume and the speed at which this needs to be implemented," ... |
| | | | ... members. Latest Roy Morgan research shows CareSuper has the highest current satisfaction rating among Australia's super funds, despite well-publicised issues following an administrator switch. According to February data from Roy Morgan's Superannuation ... |
| | | | The House of Representatives Standing Committee on Economics chair, Tim Wilson, has called out super funds that have said they are experiencing liquidity issues, saying it is inconsistent with evidence previously provided to the committee. Many super ... |
| | | | ... executive Ian Silk said during this unprecedented time, members should refrain from accessing their super early and switching funds. "In this climate of disruption and uncertainty, it's important to remember that super is a long-term investment, and ... |
| | | | ... policy terms and conditions for any impacts arising from COVID-19." In addition, TAL confirmed to a number of superannuation funds that it will waive pandemic exclusions for superannuation fund members to ensure all members of those funds are also fully ... |
| | | | ... a very substantial minority have been disappointed in the results so far in areas such as investment grade credit, hedge funds and multi-asset. "We expect considerable scrutiny of manager selection, strategy selection and asset allocation as the dust ... |
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