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Northern Trust scores win in Vanguard reversal
KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
Northern Trust Asset Management has snagged a $5 billion allocation as Vanguard reverses from special mandates in Australia and New Zealand.
ASFA proposes MySuper test
KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
The Association of Superannuation Funds of Australia is suggesting an alternative one-off test to weed out underperforming default funds in place of the government's recent proposals.
Aware Super in-houses fund administration
KANIKA SOOD  |  TUESDAY, 27 OCT 2020
Aware Super is implementing a new suite of technology products that will allow it to in-source member experience, including administration, so far done by Mercer.
Russell launches new super product
ELIZABETH MCARTHUR  |  TUESDAY, 27 OCT 2020
Russell Investments has launched a new personalised super product, replacing its MySuper offering as it eyes mandates from other funds.
Rest increases admin fees
JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
Members of the $54 billion industry super fund will see their administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums.
Super fund execs accused of quasi-insider trading
ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
Liberal MP Tim Wilson has accused executives at super funds of switching options during recent market volatility, in behaviour he likened to insider trading.
Ask and you shall receive
ELIZA BAVIN  |  MONDAY, 26 OCT 2020
The latest APRA data for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds.
Hostplus invests in vegan meat, sustainability
ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
Hostplus has ramped up its private equity investments with a commitment of over $1 billion across projects that tackle climate change including a meat alternative.
Industry fund updates investment fees
ELIZA BAVIN  |  THURSDAY, 22 OCT 2020
An industry super fund has bumped up its fees on some investment options due to the effects of COVID-19 market volatility.
AustralianSuper backs cobalt miner
KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
The industry fund was a cornerstone investor in an ASX-listed mining stock's $45 million equity raise.
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