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Switching prompts fund to alter allocations
ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Qantas Super has altered asset allocations across all its investment options in response to COVID-19, market volatility and a high number of members switching options.
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.
Rest pays out $1bn, calls for policy certainty
JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
Having now paid out more than $1 billion to members, Rest is calling on the government to implement stable super policy settings, warning uncertainty constrains funds' ability to invest for the long-term.
Super fund awards global equities mandate
ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
A $43 billion superannuation fund has awarded a concentrated global equities mandate to Neuberger Berman.
Fund pulls mandate, alters pandemic definition
ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
QSuper will take the management of its social responsible investment option in house and has changed the definition of pandemic illness.
ATO allows ERS access to New Zealanders
ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole.
Industry funds pulled back to the pack
HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
New research predicts industry funds are no longer set to dominate the superannuation industry, as COVID-19 changes the race to the top.
APRA releases latest ERS data
ELIZA BAVIN  |  MONDAY, 18 MAY 2020
APRA has released the newest ERS statistics for the week ending May 10, revealing funds have slipped in meeting the five-day deadline.
Merging super funds guaranteed tax relief
HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
Superannuation funds are set to permanently avoid negative tax outcomes upon merging, after an amendment bill sailed through parliament yesterday.
ISA questioned over political donations
ELIZABETH MCARTHUR  |  FRIDAY, 15 MAY 2020
Industry Super Australia chief executive Bernie Dean was caught unaware of a $1600 donation made to the Labor party last year after claiming the lobby group does not make political donations.
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