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Showing 6621 - 6630 of 22796 results for "Funds"

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
The industry superannuation funds for those who work in clubs, hospitality and retail are facing a tough year and have moved to reassure impacted members. With close to or more than half of their members sitting in the millennial age range, the likes ...

Super funds revalue unlisted assets

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
Some of the nation's largest superannuation funds have revalued their unlisted assets to give members an up-to-date understanding of how COVID-19 is hitting their retirement savings. AustralianSuper has cut the value of its unlisted assets to the tune ...

Mutual fund assets lose $1.3 trillion

ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2020
... despite the heavy losses, both active and passive mutual fund strategies added net flows during February. "Taxable bond mutual funds continue to be a destination for investors, having witnessed $55.2 billion in net flows February for the year-to-date ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... Latest analysis of Australia's superannuation industry shows COVID-19 may prove the catalyst for small superannuation funds to finally pull the trigger and merge. Rice Warner believes the turmoil experienced across financial services will soon force ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... $63,000, respectively. "Some members will have lost their jobs or had their hours dramatically reduced and industry super funds will do all they can to help them," ISA chief executive Bernie Dean said. "But members should tread carefully and only think ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... Consumer Australia director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. It comes as the industry responds to Prime Minister Scott ...

Industry fund boss exits

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... contribution he had made to the fund, and called on regulators and the government to recognise the role of industry specific funds like Media Super. "We are totally member-focused, and woven into the fabric of our industries. We've delivered very ...

NAB Private director starts new venture

KANIKA SOOD  |  MONDAY, 23 MAR 2020
A former director in NAB's private bank has set up a funds management distribution business, and has signed a UK fund manager as its first client. Richard Borysiewicz, who was a private client director at NAB Private focusing on high-net-worth clients ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... Dunnin said. "Some critics may not be happy about this provision but let's put it in context: in the last few weeks super funds probably lost $250 billion due to the stock market correction. The total amount the government thinks fund members will ...

Bond fund spreads widen

KANIKA SOOD  |  MONDAY, 23 MAR 2020
Investors looking to redeem their fixed interest allocations face deep buy/sell spreads, as poor liquidity forces funds to push them up significantly during COVID-19 volatility. Franklin Templeton, PIMCO, Ardea and Kapstream are some of the managers ...