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Showing 721 - 730 of 3206 results for "Scheme"

Australian Retirement Trust announces next merger partner

ELIZABETH MCARTHUR  |  THURSDAY, 3 MAR 2022
... created by the merger of QSuper and Sunsuper, has announced its next merger partner. The Australia Post Superannuation Scheme (APSS) has formally agreed to merge with ART. The APSS trustee's independent chair Mark Birrell said the merger will enable ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... during 2021 netted $58.5 billion, reflecting a large increase that factors in the completion of the early release of super scheme withdrawals as well as growth in total contributions. Most APRA-regulated assets comprised MySuper products of $950.1 billion ...

CSC turns 100 years old

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... 1930. The CSC's predecessor, ComSuper, ran from 1994 to 2015, and managed the closure of the Commonwealth Superannuation Scheme (CSS) to new members in 1990 while launching the Public Sector Superannuation (PSS) scheme the same year. The PSS closed to ...

Chief economist: Thank you, Putin

BENJAMIN ONG  |  THURSDAY, 24 FEB 2022
... the current geopolitical uncertainty is causing angst among investors. But if we all stand back and consider the broader scheme of things, it is the actual/expected/planned withdrawal of fiscal and monetary policy stimulus measures that are creating ...

AustralianSuper hires for UK leadership

ELIZABETH FRY  |  FRIDAY, 18 FEB 2022
... in London and just under 100 in New York, according to an AustralianSuper spokesperson. Australia's largest pension scheme plans to invest $43 billion in the UK and Europe over the next five years and is boosting the number of offshore staff accordingly. ...

ASIC consults on refreshing PDSs, FSGs

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
ASIC has opened consultations on remaking the relief contained in product disclosure statements and financial services guides. Under Consultation Paper 358 Remaking ASIC relief on PDSs, superannuation dashboards and FSGs, the corporate regulator is ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
With the proposed Compensation Scheme of Last Resort regime closer to passing, there are fears it will fall short of protecting consumers. The Senate Economics Legislation Committee released a summary of the proposed bill, with input from industry stakeholders ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... 2021, which also contained two other key super reforms. Also effective July 1, the eligibility age for the super downsizer scheme will be lowered to 60 from 65 and the super contribution work test for those aged 67 to 74 will be removed, allowing older ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... appears to be trying to achieve," he explained. "So, I think I do think that there remain wrinkles and gaps in the regulatory scheme, but I do think that the trustees have endeavoured to take the right advice and to engage the regulator in ways to be ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
PE Capital Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered ...