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Showing 1 - 10 of 100+ results for "superannuation"

Colonial First State adds to board

KANIKA SOOD  |  THURSDAY, 5 AUG 2021
Colonial First State Investments Limited and Avanteos Investments Limited have added a former Mercer head of superannuation services to their trustee boards. Jo-Anne Bloch is joining the boards as a non-executive, independent director. She is currently ...

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... while the one-year return to March end was 0.86%. The basic cash option had about $159 million in total assets. Superannuation funds reported a median return of 18.1% for the 12 months ending June, and 7.9% p.a. over three years for workplace default ...

UK pension funds commit to manager diversity

JAMIE WILLIAMSON  |  WEDNESDAY, 4 AUG 2021
Some of the UK's biggest pension funds have committed to tackling the lack of diversity in funds management. The Asset Owner Diversity Working Group has launched the Asset Owner Diversity Charter, which aims to "build and investment industry which embodies ...

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information. Rainmaker's Lifecycle Index beat its Single Strategy MySuper ...

Financial Masterplan advisers banned

ANNABELLE DICKSON  |  TUESDAY, 3 AUG 2021
... Gold Coast-based financial advisers for five years after they were found to have placed clients in inappropriate superannuation and insurance products. The corporate regulator believes Trent Allan and Fabrizio Urrutia were not adequately trained or competent ...

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer. Essential Super Employer - Lifestage 1980-84 returned 26.5% in the year ending June, according to Rainmaker's performance tables ...

First YFYS performance test results weeks away

KANIKA SOOD  |  MONDAY, 2 AUG 2021
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday. The first round covers MySuper products alone. Trustee-directed products ...

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... investigate the impact of common ownership and capital concentration led by institutional investors like banks, superannuation funds, investment funds and hedge funds. Wilson, who will act as the committee's chair, said that the "this inquiry is ...

Ethical super could halve carbon footprint

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
Australians could halve household emissions across the country if their superannuation was invested in an ethical option, new calculations show. Australian Ethical found that every person in Australia changing to an ethical fund was equivalent to a ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... reportable format, limiting its usability. As such, trustees also need to enhance their data capability for insurance in superannuation. The nine insurers include AIA, AMP, Hannover, MetLife, MLC, QInsure, TAL, Westpac and Zurich which account for around ...
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