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Showing 1 - 10 of 100+ results for "Superannuation Industry"

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
As the federal government released its draft plan to end violence against women and children, the superannuation industry is calling for action on financial abuse and control. The Australian Institute of Superannuation Trustees (AIST) chief executive ...

Future Super acquires Aon's super business

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 DEC 2021
... will transfer to Future Super as part of the transaction, doubling the size of the fund's team. "The superannuation industry is rapidly changing and consolidation of service providers and funds is being encouraged. We want to see both funds thrive ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... said. "The heatmaps show a range in investment returns and fees offered by funds across all sectors in the superannuation industry. "Trustees have an opportunity to use the heat maps to strengthen their products, and we have already been seeing fees ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... to be significant engagement in superannuation, with ASIC and APRA acting to support confidence in the superannuation industry and deliver quality superannuation outcomes for Australians. The action taken by APRA against AMP Super is cited as an example ...

Aware Super, VISSF finalise merger

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
... merger team. "Over the past three years there has been unprecedented consolidation in Australia's superannuation industry, and there is more to come," she said. "Aware Super has been at the forefront of this activity, with a dedicated team of experienced ...

Industry fund chief steps down, successor named

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... was chief executive of AvSuper for two years. Her decision to step down caps more than 40 years in the superannuation industry. Having now overseen the Tasplan merger and associated transition period, Turner said: "The plan for me personally has been ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... the proliferation of high cost, poorly performing products that we have seen in the choice sector of the superannuation industry, where consumers are bamboozled by having too many (often not very different) products to choose between," she said. Also ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... to "specific matters additional to those" addressed by that action, that may have been breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act). According to documents, the CEU does not intend to deal with issues that are currently the ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... change its rules to create a special pool of capital to pay any future fines. Following changes to the Superannuation Industry (Supervision) Act in response to the Royal Commission, many profit-to-members funds will have to restructure the way they pay ...

Former Women in Super chief joins AIST

ANNABELLE DICKSON  |  FRIDAY, 29 OCT 2021
... and a foreign exchange associate at Banco Atlantico. "Sandra joins AIST at an important period in the superannuation industry's growth. Increased expectations of responsible managers in super funds require a new approach to building and maintaining skills," ...
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