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Search ResultsShowing 1 - 10 of 70 results for may hesta
Few funds immune to ERS
ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... significant volumes of early release applications. Australia's largest fund, AustralianSuper, had paid out $763 million by May 3 and has hit $1 billion since. Sunsuper had paid $784 million by May 3. Hostplus and Rest were not far behind on $661 million ...
APRA releases fund-level ERS data
JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... 96% of requests being met within five business days. However, several funds have taken far longer. APRA's figures to May 3 show 830,000 payments were made totalling $6.3 billion in the second week of the scheme. The average payment was $7629 and ...
Link feels impact of COVID-19
JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
... leadership team. In a presentation to the Macquarie Australian Investors Conference yesterday, Link Group said that as at May 5 it had processed $3.65 billion payments for about half a million super fund members. As a result, about 5.4% of the payments ...
Adequacy argument headlines online CMSF
HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... running online. The AIST is hoping to have more than 24 hours' worth of content available for attendees to view by the end of May. Speaking before the first session, AIST chief executive Eva Scheerlinck said the event needed to adapt to the health concerns ...
Early access nightmare for administrators
ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... want early access to their retirement savings to the MyGov website, with no clear mention of how long super fund members may actually have to wait for that money. However, the official deadline given to super funds is 20 April 2020. Applications will ...
Super women: Female-led funds on top
ALLY SELBY  |  FRIDAY, 6 MAR 2020
... outperformed their male-dominated peers by 0.6% per annum over three years, and 0.4% per annum over 5 years. Although this may not sound like much, for millennials and generation X, being with one of these female-dominated super funds over their working ...
Pinnacle boutique eyes wholesale market
KANIKA SOOD  |  TUESDAY, 3 MAR 2020
A well-regarded infrastructure boutique, which recently co-invested with HESTA and First State, has opened its strategy to wholesale investors for the first time. Palisade Investment Partners has set up a feeder fund for wholesale investors, which will ...
HESTA hikes default insurance cover
KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... up, while the cost of death cover will come down. The net effect spells an increase in the cost of default cover for most HESTA members. The only exception is the 67 to 74 age group, whose fee for standard cover will become about 10% cheaper as it declines ...
What you read in 2019: Superannuation
JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... who has contributed significantly to the sector over time. This year the Industry Service Award was presented to former HESTA chief investment officer Robert Fowler. 6. Industry funds announce $26bn joint venture Equipsuper and Catholic Super announced ...
Industry funds dominate risk-adjusted MySuper returns
HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
... recent league tables for risk-adjusted MySuper returns. The latest edition of Rainmaker's RMetrics MySuper report has seen HESTA extend its lead in risk-adjusted MySuper returns, having previously been revealed as the best in the business earlier this ...
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