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Search ResultsShowing 1 - 10 of 100+ results for "Super"
Hundreds of billions ripped from super
HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... COVID-19 momentarily set the sector back, according to new data. Latest Australian Bureau of Statistics data shows the super sector was smashed to the tune of $207.9 billion during the March quarter, as the total unconsolidated assets of super funds ...
Commonwealth Super names new chief
ELIZABETH MCARTHUR  |  FRIDAY, 5 JUN 2020
... Carrigy-Ryan retires. Carrigy-Ryan has been chief executive since 2011 when CSC was founded and was employed by predecessor super entities to CSC since 2004. CSC said that Carrigy-Ryan was critical to the founding of CSC and the development of its offerings ...
Senator criticises lazy super system
JAMIE WILLIAMSON  |  FRIDAY, 5 JUN 2020
Senator Jane Hume has said the compulsory nature of superannuation allowed super funds to become lazy, creating inefficiencies in the system. She has also hinted the government will soon turn its attention back to the Productivity Commission's recommendation ...
MySuper goes back-to-back in the black
HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
... "These results mean that despite the impact of the CFC on the real economy, its impact on returns of diversified default super funds is relatively subdued," Rainmaker said. "The MySuper index has fallen back only to where it was 12 months ago." Rainmaker ...
What advisers need to know: BT
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... security, transfer balance caps, the proposed change to the work test and the conditions to be eligible for early release of super. Ashenden added that advisers are also grappling with how to meet FASEA requirements in isolation. Especially with the ...
IFM Investors hits back at MP demanding probe
KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... expand its work. In his response sent on Tuesday, the IFM Investors chair demanded a wider investigation including retail super and wholesale managed funds, said IFM would come out clean anyways and explained the manager's tight-fisted responses to Wilson's ...
Asgard, Future Super shamed on ERS
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early release payments ...
Retirement specialist makes board appointment
ALLY SELBY  |  THURSDAY, 4 JUN 2020
... director on the boards of healthcare companies Healius and Oceania Healthcare, as well as a director on the board of industry super fund Rest. She is also an advisory group member of advocacy group EveryAge Counts, and the chair of social venture LifeCycle. ...
Raiz Super bleeds red
ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
Raiz Invest's super offering lost a further $2 million during the month of May, with Australians taking advantage of the government's early release scheme to preemptively access their retirement savings. Over the last three months, funds under management ...
FSC calls for SMSF access to infrastructure
ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... called for the government to establish a co-contribution scheme for Australians who have accessed the Early Release of Super scheme and wish to replenish what they removed. "The government would contribute $1 for every $5 a member contributes, up to ...
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