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Showing 651 - 660 of 4805 results for "super funds"

Frontier calls for better unlisted asset valuations

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
... placing more emphasis on correct valuation practices. APRA has criticised the valuation processes for unlisted assets in super funds, highlighting an overreliance on external parties and inadequate governance. Previously, the regulator found that very ...

ART delivers 10% for members

KARREN VERGARA  |  TUESDAY, 4 JUL 2023
... that pushed super fund performance in the red. The listed and direct property sector continues to be a bugbear for super funds. Those invested in Dexus would have copped a $1 billion loss or 6% drop in value. Chief investment officer Ian Patrick said ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... funds to reassess their underlying asset allocation," he said. By having a better diversified portfolio, Linden says super funds can achieve higher risk-adjusted returns and lower volatility. "But the way the test works at the moment, it nets out the ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ...

Super funds embrace offshore investment, internal teams

ANDREW MCKEAN  |  WEDNESDAY, 28 JUN 2023
JPMorgan's ' The Future of Superannuation ' report highlights how Australia's largest super funds are leveraging their scale to invest offshore and bolster their internal investment capabilities. This strategic shift is particularly ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... trustees that came under ASIC's review was deliberately diverse, representing a mix of industry, retail, and corporate super funds, with internal and outsourced administration arrangements, it said.

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... "offering" the product. "It is hardly surprising that many trustees do not want to take the risk," he said. Not all super funds currently offer intra-fund advice. Trustees without a licence to provide personal advice can include lifetime pensions in ...

ISA welcomes back former chair

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... secure." ISA chief executive Bernie Dean welcomed Collins back to the fold. "Peter is a strong advocate for industry super funds and epitomises the member-first ethos of all our board members," he commented. "His stewardship and support will help us ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... 2021-22 dwindled by 7% to $4.5 billion, down from the record $4.9 billion in claims paid in 2018-19. Consequently, super funds are now providing average standard insurance cover of up to $201,000 for young members, which decreases to $56,000 for individuals ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
In the most recent stakeholder survey conducted by APRA, small superannuation funds expressed disproportionally high discontent with the regulator. APRA observed that superannuation and trustee respondents gave distinctly lower ratings for almost all ...