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Showing 971 - 980 of 4810 results for "super funds"

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... scrutinised following their inclusion in the heatmaps in December. APRA said it is also assessing the remediation plans of super funds that failed the inaugural performance test last year, adding that it has required some of these funds to prepare contingency ...

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... financial hardship, APRA statistics show. Released overnight, APRA's June 2021 Superannuation Bulletin reveals that super funds paid out $16.5 billion of members' money based on compassionate grounds, affecting a total of 2,028,000 member accounts. ...

Aussies shell out $51m on crypto fees

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... Crypto enthusiasts are typically very savvy and see fees as a waste of money," he said. ASIC is warning self-managed super funds about the increased number of cryptocurrency investment scams. "It is best practice for superannuation fund members to seek ...

US fund manager hires former Legg Mason executive

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... Scottish Widows. Speaking to Financial Standard in late 2020, Flood said the group had been in talks with several super funds as it looked to make its mark locally. "We see the Australian market as particularly interesting. It's a very sophisticated ...

Crescent Group appoints head of risk

CHLOE WALKER  |  MONDAY, 24 JAN 2022
... team," White said. "The Crescent Group is moving forward on a dynamic growth path, targeting a combined $5 billion for super funds under management and residential finance originated by the end of 2026." Cader said she was looking forward to working ...

Christian Super hires former Mercer executive

ELIZABETH FRY  |  THURSDAY, 20 JAN 2022
Christian Super has hired industry heavyweight David Stuart as investment chief, replacing Mark Rider who last month resigned to take up a similar role in the newly merged LGIAsuper and Energy Super. Stuart joins Christian Super following his most recent ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... statement this week, the Australian Securities and Investment Commission ( ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments. The corporate regulator said that it had noticed an increase ...

YFYS could dampen ESG adoption: Research

KARREN VERGARA  |  MONDAY, 17 JAN 2022
... into portfolio construction based on screening or integration, Parametric said. However, the new reforms now penalise super funds for taking on this additional tracking error. "Trustee-directed products designated as ESG options will be most impacted. ...

New role for former OneVue executive

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
... administration and capital markets. Richard's deep experience in supporting wealth management across retail and super funds is seen as a great compliment to Genpact's growth strategy here in Australia." Genpact is a professional services firm ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... existing investment options of superannuation funds to a member's own projected retirement outcomes. Last year, 13 super funds were found to have failed the government's performance test. Since then, the Australian Prudential Regulation Authority has ...