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

Search Results

Showing 51 - 60 of 263 results for "Corporate fund"

TelstraSuper expands membership

JAMIE WILLIAMSON  |  THURSDAY, 25 MAR 2021
... of members. Effective this month, existing TelstraSuper members may refer their friends to join the $22 billion corporate fund. The process is simple, the corporate fund told Financial Standard, with a referral tool on the TelstraSuper website for members ...

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
The superannuation sector's assets reached a milestone of $3.04 trillion at the end of 2020. While the investments of superannuation funds copped a beating when the pandemic hit around this time last year, APRA's December 2020 statistics shows ...

Equipsuper in another merger

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... will move to Equipsuper and current contributions of up to 13% will continue post-merger. Rainmaker data shows the corporate fund had $683.6 million in assets under management at the end of June 2020 administered by Mercer. OnePath acts as the insurer. ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
The $140 billion superannuation fund is changing its MySuper lifecycle option from two stages to 11. About 85% of Aware Super's accumulation members are in the MySuper lifecycle option. It was one of the first superannuation funds to move its default ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Equipsuper has merged with a corporate superannuation plan that will add $860 million of assets to the fold. The $16 billion superannuation fund will manage the retirement savings of Toyota Super's 5000 members. Toyota Super chair Rob Purcell said ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
After four years of offering its MySuper option as a lifecycle product, Tasplan plans to switch back to single strategy citing higher costs among the reasons. The $11.5 billion superannuation fund is set for a merger with the $12.6 billion MTAA Super ...

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
A $1.5 billion corporate superannuation fund has reduced death, total and permanent disability (TPD) premiums and administration fees - but income protection premiums will rise. Mercy Super reduced admin fees for super accounts from $1.10 a week plus ...

Equipsuper, corporate fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUL 2020
As it gears up for its own merger, Equipsuper has completed another successor fund transfer, transitioning the corporate super plan of a national wealth management group. Equipsuper is now home to the 950 members of the Pitcher Retirement Plan, with ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... forward commitments," Patrick said. Meanwhile, Qantas Super chief executive Michael Clancy said the $8.4 billion corporate fund has paid out $33.2 million to 3488 of its approximately 31,000 members. "The global airline industry is at the forefront of ...

Best MySuper products revealed

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
Rainmaker's latest MySuper benchmarking report has seen industry funds on top for market share and performance as at December end. For MySuper products with a single investment strategy (as opposed to lifecycle products) AustralianSuper was on top. ...