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Showing 831 - 840 of 5155 results for "Rest"

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... undermines the intention of the performance test regime by permitting a class of super products to underperform compared with the rest of the market," ISA said. "The regulations don't provide sufficient protections for members of funds with faith-based ...

BlockFi files for bankruptcy, crypto contagion worsens

ANDREW MCKEAN  |  TUESDAY, 29 NOV 2022
Another multi-billion crypto exchange bites the dust, BlockFi has filed for Chapter 11 protection, commencing a restructuring proceeding to stabilise its business. As part of its restructuring, BlockFi will focus on recovering all obligations owed to ...

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
APRA deputy chair Margaret Cole says there is "material scope" for improvement in super fund board renewal strategies. In a speech to the AIST Chairs Forum, Cole outlined the regulator's expectation of trustee boards, saying the issue of board governance ...

Chuck out Chapter 7: Broome

CHLOE WALKER  |  THURSDAY, 24 NOV 2022
... doesn't need an AFSL. "Until I start talking about products, that's when I actually need to be licensed," she said. "The rest of the time, when I'm doing the strategic part, which is really what my clients value and what I deliver for them ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
Goldman Sachs Asset Management is paying US$4 million to settle charges brought by the US regulator over failures involving ESG research used to select investments. It comes as the US government reverses limitations placed on some pension funds in relation ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

Stapling's consequences must be addressed: Cbus

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
Cbus has recommended that the stapling provisions in Your Future, Your Super (YFYS) laws be urgently addressed to reverse the uninsurance risk for workers in hazardous occupations. In its submission, Cbus said stapling reforms have led to many members ...

Experts weigh in on Brookfield bid for Origin

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2022
... Rainmaker Information, with $835 million FUM in its MySuper option. Hostplus holds $130 million in its MySuper option and Rest holds $119 million. Rounding out the top 10 super funds with Origin in their MySuper options are Cbus, ART, Aware Super, HESTA ...

Super fund with highest customer satisfaction named

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... Roy Morgan findings support that view, she said The report also highlighted other standouts, noting that industry funds, Rest (+3.7%), Catholic Super (+2.6%), and UniSuper (+2.3%) had all increased their customer satisfaction ratings. Retail funds which ...

Super heads support capping retirement balances

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
At the Australian Financial Review (AFR) Super and Wealth Summit, super fund chiefs agreed that the tax concessions on bloated retirement savings accounts should be trimmed. The panel on the strategic directions for super consisted of Mercer Australia ...