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Showing 51 - 60 of 1116 results for %22BT Super MySuper%22

Cbus delivers strong returns, grapples property headwinds

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
... than offshore, given that offshore property, particularly in the US, has been noticeably weaker. As of May 31, the APRA MySuper index for Australian listed property, the S&P/ASX 300 A-REIT, yielded a one-year return of 2.25%. In contrast, the FTSE EPRA ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... in in 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 ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... years. In providing further details, assistant treasurer and minister for financial services Stephen Jones will mandate super funds that send notification letters to members of failing Choice products to adjust for flag cost considerations. Trustees ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... regular monitoring program." Major investors are concerned about the revelation. HESTA chief executive Debby Blakey said the super fund is "concerned" about the WA well leaks and will continue in its engagement strategy. "We continue to engage with Santos ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... resilience, and fairness. One example of an APRA metric assesses the number of MySuper members in a high-fee, poor-performing super funds. A metric for ASIC will assess the average time it takes to complete an investigation and the time taken to determine ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments. As reported by Financial Standard, Treasury ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... period. Retail funds ($680bn) and corporate funds ($56.9bn) on the other hand dropped 1% and 4% respectively. Self-managed super funds also had a disappointing run, declining 3% to $889.5 billion. Industry funds delivered 6.2% worth of five years annualised ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... a formal complaint. In the superannuation sector, one identified issue concerned the provision of insurance attached to super funds. An AFCA investigation uncovered a superannuation trustee that failed to uphold its legislative obligation to deliver ...