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Showing 51 - 60 of 767 results for %22ESS Super%22

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... Act 2001. According to the Act, trustees should hold funds in a compliant account until a new or increased interest in a super product is issued. ASIC's review, however, found instances where funds weren't kept in suitable accounts, were not held for ...

Women in Super appoints chair

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
Kara Keys has stepped down as chair of Women in Super, replaced by ESSSuper chief executive Robbie Campo. Women in Super confirmed the appointment of its new chair this week, with Campo stepping up from the role of policy committee chair. Keys has held ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
Archaic payment systems could soon be a thing of the past following government plans to wind down outdated methods like cheques. Treasurer Jim Chalmers handed down a five-point strategic plan yesterday in front of the Australian Banking Association ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
ESSSuper is reducing administration fees and plans to rebate some of this financial year's admin fees, citing efficiencies gained through outsourcing administration. Meanwhile, it has also signed a new group insurance contract. Currently, ESSSuper ...

CareSuper, Spirit Super charge ahead with $50bn merger

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
CareSuper and Spirit Super have entered into a binding agreement to merge, set to finalise by late 2024. The combined superannuation entity will have $50 billion in funds under management (FUM) and serve over 500,000 members. Last year, former CareSuper ...

Super members want free advice: Survey

KARREN VERGARA  |  THURSDAY, 25 MAY 2023
... superannuation funds have an onus to provide support and financial advice to them at no cost, a new survey reveals. About 2000 super fund members sitting on a range of income brackets surveyed by robo-adviser Otivo said they are open to receiving advice ...

Consulting triopoly dominates NFP super

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2023
... advised NFP superannuation market. The figure, which is up from 77% in 2020, is reflective of the ongoing rationalisation of super funds. However, at the same time, it's down from the high of 90% which was seen in 2015 due to super funds increasingly ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
The Financial Advice Association Australia (FAAA) has criticised Treasury for neglecting to consult on draft Superannuation Performance Test reforms. FAAA chief executive Sarah Abood voiced concerns regarding the proposal and process of the Performance ...

Super fund ASX dominance stable: Research

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
... owning 38% of the market capitalisation, new research from Rainmaker finds. This is broadly in line with the 37% ownership super funds held at the end of March 2021, split across not-for-profit funds (13%), retail funds (9%) and smaller funds or self-managed ...

HESTA adds Dahn to board

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... and Australian Communities Foundation. She was also chair of investment committee at MTAA Super Fund, AGEST Super and ESS Super. Just last week she stepped down from the board of Spirit Super. Before Pitcher Partners, Dahn worked as an accountant gaining ...