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Showing 71 - 80 of 263 results for "Corporate fund"

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... here. Corporate and industry super funds unite November brought another merger of superannuation funds, when the corporate fund Fairbrother Employee Retirement Fund merged with the $8.8 billion industry fund, Tasplan. The deal saw the $18 million corporate ...

Productivity Commission pushes for superannuation scale benefits

KARREN VERGARA  |  MONDAY, 26 NOV 2018
The Productivity Commission has made another "compelling" argument for economies of scale in superannuation, estimating it to save the industry $340 million each year. The benefits however, aren't flowing to members. In its final supplementary paper ...

ASIC hires former super executives

KARREN VERGARA  |  MONDAY, 3 SEP 2018
Two former superannuation industry executives have been nominated as members of ASIC to serve a period of five years each. Among his first duties as Federal Treasurer, Josh Frydenberg announced Danielle Press and Sean Hughes will join the corporate ...

Super assets hit new record

STEPHEN FAY, DARREN SNYDER, KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... at 15.6% to $575 billion. This was driven by industry funds' dominance in MySuper contributions, as well as some corporate fund transfers (e.g. Rio Tinto to Equip). Retail funds only grew 4% to $600 billion, largely driven by contributions. The retail ...

Scott Morrison becomes Prime Minister, markets react

KANIKA SOOD  |  FRIDAY, 24 AUG 2018
Scott Morrison will be Australia's next Prime Minister, after he beat Peter Dutton 45-40 in a Liberal Party leadership ballot. The ASX 200 jumped on the news, after trending downwards since Monday. It hit its highest at 1.05pm, when it was up 0.33% ...

Better than bonds: A new approach to lifecycle investment

KANIKA SOOD  |  WEDNESDAY, 16 MAY 2018
Superannuation funds could top up lifecycle members' end savings by about 30%, if they make a "mid-step" switch to defensive equities instead of gradually increasing allocations to bonds, according to new analysis from Parametric. Parametric's latest ...

Two-tier super system emerging: KPMG

HARRISON WORLEY  |  WEDNESDAY, 16 MAY 2018
... chair and director added that corporate funds would most likely face the greatest consolidation pressure. "The corporate fund sector is likely to face the greatest consolidation pressures, while the industry and public sector funds are expected to see ...

New ASFA board announced

EMMA RAPAPORT  |  THURSDAY, 30 NOV 2017
The Association of Superannuation Funds of Australia is strengthening its mission to improve the superannuation system with the appointment of two senior industry figures to the board. Melinda Howes, general manager of superannuation, BT Financial Group ...

Aussie super funds increase world ranking

EMMA RAPAPORT  |  TUESDAY, 5 SEP 2017
... highest by assets under management for a sovereign fund linked to a pension purpose. Telstra Super was the only corporate fund to make the top 300 this year. Australian funds collectively account for 3.5% of the top 300 funds' assets under management ...

Equip confirms merger, names CEO and directors

EMMA RAPAPORT  |  MONDAY, 19 JUN 2017
Industry super fund Equip confirmed its merger with the Rio Tinto Staff Superannuation Fund in a move which will double funds under management to $14 billion. Equip chair Andrew Fairley said since the earlier announcement that the funds were in merger ...