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Showing 61 - 70 of 100+ results for "AustralianSuper"

Bad year for super funds

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... earnings for FY20 at about -$2.7 billion. About 36 funds posted negative net earnings of $100 million or plus. AustralianSuper had net earnings of -$76 million for the period. The highest net earnings for the period were from Super Directions Fund ($2.3 ...

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... of the Australian Information Commissioner (OAIC) on December 16 delivered a judgement on a complaint that an AustralianSuper member filed over three and a half years ago. The member, who is identified in court documents as WG, lodged a group insurance ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... were embraced by retail superannuation funds. However, many industry funds stayed away from and largest ones like AustralianSuper, UniSuper and Hostplus have stayed away. At September end, there were 25 lifecycle MySuper products. Of this, 14 were from ...

MySuper performance recovers, hits record high

KARREN VERGARA  |  MONDAY, 11 JAN 2021
Default superannuation funds have fully recovered from COVID-induced losses, yet underperformance within the asset classes remains rife, according to new Rainmaker data. Rainmaker's November 2020 MySuper index has reached a record high, bouncing ...

Super funds back COVID-19 preventative drug

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
... backing a biotech company that is developing a nasal spray that claims to prevent COVID-19 and the common cold. AustralianSuper, HESTA, Hostplus and Statewide Super have joined forces with CSL, a venture capital fund and universities to fund medical ...

Super funds boost stake in US toll roads

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
AustralianSuper and UniSuper have bolstered their investments in a major road development based on the east coast of the US. Together with the Canada Pension Plan Investment Board (CPP Investments), the superannuation funds will acquire a 50% stake ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... cast doubt over a number of Sargon's subsidiaries, including Madison Financial Group and Diversa Trustees. 4. AustralianSuper ups admin fees (January 22) At the start of the year, Australia's largest super fund informed members they would start ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... members and Financial Standard consistently tracked the flow-on impact to fees. One example that stands out is AustralianSuper upping its admin fees in January, as first revealed by Financial Standard, and reiterated by questioning politicians in Canberra. ...

Industry fund called out over board diversity initiatives

KARREN VERGARA  |  THURSDAY, 17 DEC 2020
The industry superannuation fund with the highest percentage of women membership has been called out for not prioritising board diversity initiatives in the companies it invests in. Rest, with 1.8 million members of which 60% are women, was grilled ...

Vanguard fund hits US$1trn

KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... priced at 14bps a year in expense ratio. To put things into perspective, Australia's largest superannuation fund AustralianSuper which invests in many asset classes outside of equities, only just hit $200 billion and is estimated to not reach the trillion-dollar ...