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| | | Hostplus has renamed its Life investment option to Lifecycle and switched up the design of the option by reducing the life-stages from four to three. Under the new design, the three life-stages will be 'grow', 'maintain' and 'protect' ... |
| | | | Funds SA has finalised the restructuring of its investment team, shuffling several roles around and creating some new ones. The organisation, which manages the investments of 13 different super fund, endowment and insurer clients including Super SA ... |
| | | | Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege ... |
| | | | ... digit returns across most of its investment options. In June, AMP launched the AMP Super Lifetime feature that could unlock member's retirement incomes by over $100,000 in the first decade at retirement. |
| | | | ... into sustainable options are not a rejection of ESG but perhaps a recalibration," Olsen said. "As regulatory focus and member expectations continue to evolve, funds with transparent, outcomes-focused ESG approaches are best placed to recover inflows ... |
| | | | ... only a third of Australians reaching retirement age feel they will be able to retire comfortably, adding that the lack of member services provided by super funds was part of the issue. "What really hits home in [the Best Possible Retirement ] report ... |
| | | | August is a season for reporting - and board appointments. Three major super funds ART, Aware and Brighter Super announce their latest additions. At Australian Retirement Trust (ART), multiple chair appointee Anthony Lynham will join the board on August ... |
| | | | ASIC is reviewing the need for superannuation funds to include stamp duty payments in fee disclosures in a bid to boost their investment in property. Super funds have long held concerns that obligations under Regulatory Guide 97: Disclosing fees and ... |
| | | | Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ... |
| | | | ... experience. Nguyen will be responsible for leading the fund's risk strategy, framework and practices. She will also oversee member services and supports, alongside investment performance, the fund said. "Christine joins us having previously worked ... |
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