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Showing 81 - 90 of 391 results for "Retirement Fund"

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... superannuation fund is increasing the cost of insurance premiums paid by members. Australian Catholic Superannuation and Retirement Fund is upping the cost of its death and total and permanent disablement unitised cover as it tries to manage the tension ...

ERS payments reach $15bn

ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... these funds was $7441, with over 94% of payments made within five days. Australian Catholic Superannuation and Retirement fund continues to drag its feet, making payments within the five business day timeframe set by APRA 44.9% of the time. Other funds ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
The Labor Party is calling on Prime Minister Scott Morrison to finally put an end to the war on superannuation waged by government backbenchers, in an effort to ensure Australia rebounds from COVID-19 "faster and better". Financial Standard has obtained ...

No slowing ERS applications

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... plan has only made payments within five business days 33% of the time. Australian Catholic Superannuation and Retirement fund remains one of the worst offenders, making the five day limit 40.7% of the time and within 10 days 23% of the time. Other stragglers ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... to meet the five day timeline in more than half of cases. Industry fund Australian Catholic Superannuation and Retirement Fund only managed to pay out 34.8% of the 1915 requests it has had in five days. Meanwhile, SAS Trustee Corporation Pooled Fund ...

Retirement funder adds two new executives

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
Household Capital has announced it has added two new roles to its executive team including chief operating operator and chief credit officer. Luke Rattigan has been appointed to the newly created role of chief operating officer, with a primary focus ...

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
A new report ranking US public pension funds by their ability to pay future benefits suggests several will likely go insolvent as a result of COVID-19. The issues facing public pension funds in the US are widely known, and while it's not clear how ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... than six days to reach the respective member. Of the 1075 requests from Australian Catholic Superannuation and Retirement Fund members, 390 were paid and 63.9% took between six and nine days to be met. Media Super also lagged, with 36.7% of the 2599 ...

UK asset manager acquires stake in retirement funder

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
A UK asset manager and financial services provider has acquired a 20% stake in a local specialised retirement funder. Household Capital announced the completion of series B financing with Legal & General. Existing and new investors joined Legal & General ...

Industry fund risk lead resigns

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... compliance officer at a $9.5 billion industry superannuation fund has resigned. Australian Catholic Superannuation and Retirement Fund has confirmed the resignation of Scott McIsaac. McIsaac was chief risk and compliance officer at the fund for close ...