Financial Standard
WEBProduct Showcases. Financial Standard provides trade news and education for superannuation trustees, financial planners, industry professionals and investment managers.
Australian Retirement Trust completes Alcoa merger
WEBMar 14, 2024 · In a statement to Financial Standard, ART chief commercial officer Dave Woodall said he is pleased to have seen the merger completed. "On 1 March 2024, Alcoa of Australia Retirement Plan, a fund of more than 4500 members and approximately $2.1 billion in funds under management, became part …
Colonial First State chalks up strong super returns
WEBJul 20, 2023 · Colonial First State (CFS) has recorded double-digit returns across several of its default superannuation products for FY23. The CFS FirstChoice Employer Super growth fund (Lifestage 1975-1979) delivered a 12.2% return. The CFS FirstChoice Employer Super balanced fund (Lifestage 1965-1969) raked in a 10.5% return.
NAB Private Wealth bolsters executive team - Financial Standard
WEBJul 20, 2020 · BY ANNABELLE DICKSON | MONDAY, 20 JUL 2020 11:46AM. After losing Anthony Healy in March and Jason Murray earlier this month, NAB Private Wealth has announced new five appointments to its executive team in a new structure. The appointments will report directly to JBWere chief executive and leader for NAB Private Justin Greiner as the two groups ...
ACSRF, UniSuper confirm merger | Financial Standard
WEBMay 16, 2022 · BY JAMIE WILLIAMSON | MONDAY, 16 MAY 2022 12:25PM. Australian Catholic Superannuation and Retirement Fund and UniSuper have signed a Heads of Agreement to formally merge. In December the two funds announced they were undertaking due diligence on a potential merger. Today, the funds have said that process determined it was in the best financial ...
CSLR legislation tabled, advice sector responds
WEBSep 9, 2022 · CSLR legislation tabled, advice sector responds. The government has advanced its commitment to establish a Compensation Scheme of Last Resort (CSLR), releasing for consultation exposure draft regulations. The CSLR will facilitate the payment of compensation of up to $150,000 to eligible consumers who have a …
ANZ to pay $57.5m to settle class action - Financial Standard
WEBMar 25, 2024 · The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January 2019. As part of the settlement, ANZ will pay $57.5 million, which is covered by a provision held at 30 September 2023. The settlement is without admission of liability and remains subject to court approval.
Aware retires VicSuper brand, expands investment menu
WEBApr 28, 2023 · Aware Super will finally retire the VicSuper brand next month, just shy of its 30 th birthday. The brand was retained in the merger with First State Super in 2020 and members were kept in a separate division. Effective May 11, Aware will combine its memberships. At the same time, Aware Super said it has reviewed its …
UniSuper caps future investment in fossil fuels
WEBSep 16, 2022 · In September 2020, UniSuper committed to a net zero portfolio by 2050 and a 45% reduction by 2030 through a combination of company engagement, advocacy and investing in companies that are "instrumental in achieving a net zero future."
Colonial First State settles super class action for $56.3m
WEBApr 4, 2022 · The lead applicant bringing the claim, Lesley Coatman, was a street sweeper driver who retired with less than $35,000 in superannuation. CFS settled the class action for $56.3 million, inclusive of legal fees, subject to court approval. A trial was due to start next week but it has now been vacated.