Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 821 results for "Retail fund"

NFP funds dominate retiree super: Research

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
The world of retiree super - traditionally the domain of retail funds - is now overwhelmingly controlled by the not-for-profit sector, new research shows. About 60% of all retiree superannuation savings is now held in NFP funds, Rainmaker analysis of ...

LGIAsuper expands leadership as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
... retain its branding and operate as a standalone entity for now, LGIAsuper said it ultimately plans to mutualise the retail fund. "The acquisition of the SPSL business gives us the combined size and scale to deliver efficiently for all our members, while ...

Vanguard hit with US class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
Law firm Dovel & Luner filed a class action lawsuit against Vanguard trustees and on behalf of investors in Vanguard's Target Retirement Funds, based in the US. The suit alleges that Vanguard's mismanagement of these funds led to "enormous tax bills ...

Industry funds buoyed by unlisted assets

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
... industry fund in 1996 would be $36,954 better off on average at the end of June 2021 compared to being a member of a retail fund or a self-managed super fund. ISA attributed the 63% of the outperformance to industry funds' appetite for unlisted physical ...

Women own $1.2tn in super: Research

CHLOE WALKER  |  TUESDAY, 8 MAR 2022
About $1.2 trillion of the total superannuation savings held by Australians belongs to women, with most held by Australian Retirement Trust while Rest has the most female members. Rainmaker Information analysis of super fund information published by ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
Voluntary member contributions helped push the superannuation asset pool to a new record of $3.5 trillion at the end of 2021. The latest statistics from the prudential regulator shows total superannuation assets grew 14% to $3.47 trillion year on year. ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
MP Jason Falinski spent the most recent House Economics Committee hearing probing the implications of super funds creating "rainy day funds" to pay for possible fines and sanctions. At the beginning of the hearing, Falinski asked University of NSW professor ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
Magellan chair Hamish Douglass will take a medical leave of absence to prioritise his health after a period of intense pressure, the company has said in a statement to the ASX. The leave of absence comes as Magellan reports a loss of almost $2 billion ...

New head of retail funds management at Cromwell

ELIZABETH MCARTHUR  |  TUESDAY, 18 JAN 2022
ASX-listed real estate fund manager Cromwell Property Group has appointed an industry veteran to the head of retail funds management position. Peta Tilse joins the company with 25 years of experience. Tilse is the founder of a regulatory technology ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. After requesting a trading halt Friday afternoon, this morning Magellan confirmed to the ASX that it had lost the mandate from St James' Place. The company's share ...