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Search ResultsShowing 61 - 70 of 100+ results for "AustralianSuper"
AustralianSuper dodges advertising scrutiny
KARREN VERGARA  |  FRIDAY, 6 NOV 2020
... divulging details of its $11 million marketing expense and how effective that has been in acquiring new members. AustralianSuper chief executive Ian Silk faced the Standing Committee on Economics chaired by MP Tim Wilson this morning, staying mum about ...
Spaceship delivers for millennials
KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... management and $78 p.a. for member account-keeping." For its balanced fund (invested in 54.5% listed equities), AustralianSuper for example, charges admin fees of $117 per year ($2.25 per week) and 0.04% based on the account balance, as well 0.60% of ...
UniSuper revises fees for TTR members
KARREN VERGARA  |  FRIDAY, 30 OCT 2020
The $83 billion superannuation fund has updated its fees for transition-to-retirement members invested in several options. UniSuper has increased fees between 0.01% and 0.04% for some options after calculating actual costs incurred in FY19 and estimates ...
Super fund execs accused of quasi-insider trading
ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
... processed during the high and low periods of their fund to a total value of $445,368," Wilson said. Wilson said AustralianSuper had six trustees, one fund manager and 78 staff move money during the period. A spokesperson for AustralianSuper confirmed ...
AustralianSuper ratings slide at Morningstar
KANIKA SOOD  |  FRIDAY, 23 OCT 2020
AustralianSuper is the latest casualty in Morningstar's ratings rejig, as three options with nearly 86% of its total $180 billion slide to the lowest analyst rating of "bronze". The superannuation fund's $135 billion balanced option, $13.5 billion high ...
AustralianSuper backs cobalt miner
KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
The industry fund was a cornerstone investor in an ASX-listed mining stock's $45 million equity raise. AustralianSuper invested $18.5 million in Jervois Mining, representing nearly 40% of the total raise. It bought at 20.5 cents per JRV share, which ...
Retail super fund scores best customer service nod
KARREN VERGARA  |  FRIDAY, 16 OCT 2020
... superannuation fund has taken the top spot in a comprehensive member satisfaction and experience survey, bumping off AustralianSuper from the top. Colonial First State has regained the top spot in the Forrester Research's 2020 Australia Superannuation ...
Consortium eyes Link Group
KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... acquisition at an offer price no less than $5.20 should it proceed. Yarra Funds Management, NovaPort Capital and AustralianSuper also hold large shareholdings. Link's shares jumped as high as 28% when the announcement broke on October 12, closing ...
Aussies continue to drain super
ELIZA BAVIN  |  MONDAY, 12 OCT 2020
... The scheme was extended until the end of the year as the country continues to focus on rebuilding the economy. AustralianSuper has paid out around $4.7 billion to members so far followed by Sunsuper at $3.4 billion and Rest at $3.1 billion. Other funds ...
MySuper reforms could have downsides
ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... funds at odds with ratings agencies which score "team stability" very highly. In May this year, Lonsec downgraded AustralianSuper from recommended to investment grade due to high staff turnover. "There is definitely a challenge for fund managers when ...