Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 681 - 690 of 4848 results for "Super funds"

Retail super funds plan to merge

ANDREW MCKEAN  |  WEDNESDAY, 26 JUL 2023
Centric Super is set to merge with encircle Super following the latter's trustee, Avanteos Investments, announcing the fund's closure. In a parallel development, Colonial First State Investments is also stepping down as the operator of encircle's managed ...

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI  |  MONDAY, 24 JUL 2023
... it extends to the fourth party as well, which complicates the governance and the management of controls." He said super funds hold a lot of sensitive member data, which can be used to exploit other systems and organisations. "And from an industry perspective ...

APRA toughens stress testing frequency, valuation stance

KARREN VERGARA, RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2023
... provided by highly skilled external service providers. APRA is also ramping up its monitoring of ESG considerations. Super funds must demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship ...

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
... unlisted property valuations, particularly in the office sub-sector." In addition to AMP's performance, several other super funds have reported their FY23 results. Brighter Super registered a return of 10.62% for its MySuper investment option. Aware ...

Hostplus tops up mandate, returns 8% to members

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... When looking at what drove returns, Hostplus chief investment officer Sam Sicilia reiterated the sentiment of most super funds. "The FY23 performances across the industry relate, in their entirety, to the proportion of equities in a portfolio," he said. ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... Retirement Income Covenant took effect, a joint examination of 15 trustees by ASIC and APRA reveals that not only are super funds dragging their feet in implementing the covenant, but there is also a lack of quality in what is on offer. From 1 July 2022 ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... he is interested in "what can be done around trusted information exchanges" between Centrelink, the tax office and super funds. "I haven't dived into any level of detail, but I've got a circle around something that would immensely improve the ...

Leigh Watson caps four decades in industry

ELIZABETH FRY  |  FRIDAY, 14 JUL 2023
... costs for disability products, both income protection and TPD, remains the biggest challenge for the industry. As for super funds, Watson stated health and wellness strategies are also key elements of any super fund's services. "The provision of ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... Dyall added that it was perhaps former institutional partners (maybe commonly owned life companies, stat funds, retail super funds and the like) in the process of unwinding previously mutually beneficial corporate deals. Other managers that lost significant ...

Sequoia expands professional services arm

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... Corporate assists accountants, financial advisers, and lawyers with the formation of companies, trusts, and self-managed super funds. Meanwhile, Castle Legal is its boutique legal practice subsidiary. Sequoia said the acquisition of the Castle businesses ...