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Showing 7621 - 7630 of 22800 results for "Funds"

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... January 2020. APRA issued SPS 515 as part of the Strengthening Member Outcomes package in December 2018. It requires super funds to improve their strategic and business planning. This includes undertaking a holistic assessment of the RSE's performance ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
Two industry superannuation funds have announced a joint venture that will create a $26 billion entity, aimed at delivering scale benefits to their combined 150,000 members. Equipsuper and Catholic Super have signed a memorandum of understanding to ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... consideration of membership demographics and insurance design has occurred, improvements have been "slow." Many insurers and super funds gave little consideration to insurance strategy until work commenced on the voluntary industry insurance code of ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... members will not pay fees while on parental leave. The fund also claims to offer cheaper fees than industry superannuation funds. According to FairVine's PDS, members will be charged an administration fee of 1.09% per annum, and an indirect cost ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
Colonial First State is removing nine funds from its FirstChoice Investments menu following weak investor appetite. The removed funds include Acadian Global Managed Volatility Equity, Franklin Templeton MultiSector Bond, Milliman Managed Risk Australian ...

ME Bank adds new chair, directors

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... for Suncorp Portfolio Services and as a non-executive director of the Australian Infrastructure Fund as well as Hastings Funds Management. Currently, Evans is chairman of Pendal Group and its subsidiary JO Hambro Capital Management Holdings. Additionally ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... the Nasdaq (up 23% YTD) have both surpassed their previous peaks. And this, with the mere forward guidance that the Fed funds rate would remain on ice at least not until 2019 becomes 2020. The Fed is aware of this as published in the minutes of a March ...

Super fund awards $50m mandate

KARREN VERGARA  |  MONDAY, 29 APR 2019
EG Funds Management has won a mandate from a $9 billion superannuation fund. The real estate investment manager, with $2.1 billion under management, was awarded a $50 million mandate from Tasplan, which will invest the funds in EG's High Income Sustainable ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
The Property Funds Association (PFA) has called the alarm on the Government's recent introduction of product design and distribution obligations that are set to impact unlisted property funds. PFA says that the new legislation could result in fewer ...

Retirees to fall short: Research

HARRISON WORLEY  |  MONDAY, 29 APR 2019
... retirees have average growth wealth of just $299,000. This is well below the $545,000 the Association of Superannuation Funds of Australia (ASFA) estimates an individual will need to self-fund their retirement. Given the shortfall, Roy Morgan industry ...