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Showing 71 - 80 of 2023 results for "Industry super"

J.P. Morgan lands custody services mandate with industry fund

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... replacing NAB Asset Servicing. The investment bank said that it's completed the transition of the $13.8 billion industry super fund, which is set to merge with Active Super on 1 March 2025. The combined fund will control over $29 billion in assets and ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...

ISPT, IFM Investors merger advances

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... coming months," a joint statement issued by the organisations said. The merger was first flagged in mid-2023. The industry super fund-owned IFM Investors and ISPT said at the time that a potential merger recognises they have complementary businesses ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
The ongoing scandal surrounding the Construction, Forestry, and Maritime Employees Union (CFMEU) has called into question the governance settings within the industry superannuation fund sector, with some suggesting boards no longer require - or benefit ...

IFM, ASX-listed firms bet on renewable fuels

KARREN VERGARA  |  TUESDAY, 30 JUL 2024
... are proud to support this significant step in developing a SAF industry right here in Australia." "Alongside our industry super partners, we have been working closely with the government to identify ways to accelerate investment in Australia's energy ...

AustralianSuper, HESTA acquire majority stake in housing developer

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... stable, long-term returns through large-scale housing investments across Australia. The new company, backed by the industry super fund giants, was born from the merger of affordable housing investment manager Super Housing Partnerships and home developer ...

REI Super returns 9.34% in FY24

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2024
The real estate industry super fund's MySuper option returned 9.34% last financial year. The results come as it launches a new growth investment option. REI Super chief executive Jarrod Coysh described the fund's performance for the year as a great ...

Industry Super Australia names new chair

ELIZABETH FRY  |  WEDNESDAY, 19 JUN 2024
Industry Super Australia (ISA) has welcomed a top Hostplus executive as its new chair. Hostplus chief member officer Umberto Mecchi replaces Cath Bowtell, who was the acting chair. Prior to Bowtell, Peter Collins led the board after Greg Combet stepped ...

Hostplus rejigs Maritime Super insurance

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
... growing membership base, which allows them to offer more competitive insurance rates than smaller super funds. The industry super fund, which crossed the $100 billion assets under management threshold last year, has nearly two million members, making ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... that a wave of contributions drove the momentum as well as investments returning 10.9% p.a. Across the sectors, industry super funds lead the pack by leaping 17% year on year to hit $1.3 trillion. Retail funds grew 11% p.a. to $735 billion, while public ...