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| | | The Guardians of New Zealand Superannuation, manager of NZ Super Fund, has promoted Paula Steed to the newly created position of chief operating officer. The appointment combines Steed's current role of general manager technology and general manager ... |
| | | | HESTA divested its remaining shareholding in Mineral Resources (MinRes) following the resignation of the miner's entire ethics and governance committee just six months after it was established. The $89 billion fund put MinRes on watch in October last ... |
| | | | Prime Super has announced changes to its administration fees and costs, which will take effect from 1 July 2025. For accumulation accounts, the fixed administration fee will decrease from $1.53 per week (subject to a 15% tax rebate) to $1.50 per week ... |
| | | | ... market share. AIA is second with 23%, followed by MetLife with 19%. There are a total of eight insurers serving the superannuation industry, including ART Life, Hannover Re, MLC, Resolution Life and Zurich. |
| | | | ... January of this year, the fund noted that the transition period impacted its ability to "promote and generate new superannuation business at our normal rate". NGS Super announced in January 2024 that it would transition to GROW and the transition was ... |
| | | | Australian Retirement Trust (ART) will extend its list of exclusions for the Socially Conscious Balanced option to also apply to direct investments in listed corporate-issued debt in fixed income investments. The change, which comes into effect July ... |
| | | | ... about the future of Div 296, given Labor's overwhelming victory at the federal election. The proposed 30% tax on superannuation balances above $3 million could see the threshold reduced to $2 million if the Greens get their way. "It will be the Greens ... |
| | | | Aware Super and HESTA have voted against the re-election of Woodside director Ann Pickard, who also chairs the Energy Board's Sustainability Committee, with HESTA also voting against the broader remuneration plan. The super funds said the gas giant ... |
| | | | ... implementation of Payday Super to July 2028. In a joint submission to Treasury, eight industry lobby groups have said the superannuation industry and small businesses cannot sufficiently prepare for the introduction of Payday Super obligations by July ... |
| | | | ... its infrastructure, private equity and property portfolios in Europe and the US. Importantly, the $190 billion superannuation fund has recruited Frank Bulman to lead its private equity team in Europe along with two associate portfolio managers for infrastructure ... |
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