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Publication: Super Review

First reported 1 hour ago - Updated 26 mins ago - 1 reports

Australian Securities & Investments Commission

ASIC drops HFT proposals

The Australian Securities and Investments Commission (ASIC) will not implement a small order resting time to manage high frequency trading (HFT) due to a drop in small and fleeting orders, it said.ASIC has refined its rules for HFT and dark liquidity ... [Published Super Review - 1 hour ago]

Entities: Application-Specific Integrated Circuit, Australian Securities & Investments Commission, Bill Shorten

First reported 1 hour ago - Updated 1 hour ago - 1 reports

Admin fees hidden from product dashboard

Members cannot make a meaningful comparison of funds using the product dashboard as it does not include insurance administration fees in proposed drafts, according to Australian Ethical.Insured members might be unaware of the additional administration ... [Published Super Review - 1 hour ago]

Entities: Ethical

First reported 1 hour ago - Updated 1 hour ago - 1 reports

AIST, ISN raise TASA concerns

Two bodies representing industry super funds have raised concerns about the uncertainties around who is covered by the Tax Agent Services Act (TASA).The Australian Institute of Superannuation Trustees (AIST) and the Industry Super Network (ISN) lodged ... [Published Super Review - 1 hour ago]

Entities: Tasa, Taxes, AdvICE™, Call Center

First reported 1 hour ago - Updated 1 hour ago - 1 reports

Funds say MySuper the death of medium-sized funds

The new industry super landscape will be one of large mega-funds and smaller specialist ones, according to respondents from a Buchan Consulting thought leadership series.Super fund respondents saw the most likely outcome of current legislation as increasing ... [Published Super Review - 1 hour ago]

Entities: Threat, Fair Work Australia, Mergers & Acquisitions, Leadership

First reported 5 hours ago - Updated 2 hours ago - 1 reports

AUST(Q) to merge with AustralianSuper

Industry funds AustralianSuper and AUST(Q) Super have announced an ‘in principle' agreement to merge.The proposed merger would see AUST(Q) Super's 17,000 members and over $204 million in funds under management (FUM) transferred to AustralianSuper.The ... [Published Super Review - 5 hours ago]

Entities: Mergers & Acquisitions

First reported 5 hours ago - Updated 5 hours ago - 1 reports

ACSI chief will step down

Ann ByrneAustralian Council of Superannuation Investors (ACSI) chief executive, Ann Byrne will step down from her position later this year.ACSI president Gerard Noonan said Byrne's five years with the organisation supported its growth into a major force ... [Published Super Review - 5 hours ago]

Entities: Corporate Governance, Australia, Major Force

First reported 5 hours ago - Updated 5 hours ago - 1 reports

Wholesale funds reap rewards of market recovery

Institutional wholesale business increased by more than 50 per cent over the last year to March off the back of a recovery in underlying investment markets, according to Plan for Life Actuaries and Researchers.It drove 26.4 per cent growth in the wholesale ... [Published Super Review - 5 hours ago]

Entities: Wholesale, Growth Rates

First reported 5 hours ago - Updated 5 hours ago - 1 reports

Double-dip strategy could bridge gender savings gap

A woman's partner should be allowed two dips of the concessional contributions limit while their partner is on maternity leave, Australian accounting and advisory firm William Buck has said.The suggestion is a response to what head of William Buck's wealth ... [Published Super Review - 5 hours ago]

Entities: Chris Kennedy, Maternity Leave, William Buck

First reported 22 hours ago - Updated 11 hours ago - 1 reports

Commonwealth Bank launches super lifecycle product

Linda ElkinsCommonwealth Bank plans to enter the MySuper market with its new investment option, Essential Super.The lifecycle-style product is a joint initiative between the group's retail banking service and Colonial First State Investments Limited, ... [Published Super Review - 22 hours ago]

Entities: Commonwealth Bank of Australia, NetBank Inc, Retail Banking

First reported Jun 14 2013 - Updated Jun 14 2013 - 1 reports

Westpac Institutional and Commonwealth team up to launch social benefit bond

Westpac Institutional Bank, Commonwealth Bank and The Benevolent Society have teamed up to launch a $10 million social benefit bond (SBB) to fund the establishment of The Family Preservation Society.The New South Wales Minister for Families and Community ... [Published Super Review - Jun 14 2013]

Entities: Westpac Banking Corporation, Commonwealth Bank of Australia, Craig Parker, Steve Hawkins, Pru Goward

First reported Jun 13 2013 - Updated Jun 14 2013 - 2 reports

Review scheduled for FSC/ASFA SRM

Pauline VamosThe Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC) has responded to SuperRatings' criticism of its Standard Risk Measure (SRM), advising it would incorporate the research into its review later ... [Published Super Review - Jun 14 2013]

Entities: Australian Prudential Regulation Authority, Australian Securities & Investments Commission, Application-Specific Integrated Circuit

First reported Jun 14 2013 - Updated Jun 14 2013 - 1 reports

Super investment restricted by capacity limits

Capacity restrictions implemented by fund managers are constraining the level of investment from super funds which rely on external managers, according to AustralianSuper head of equities Innes McKeand.At a Deloitte breakfast in Melbourne, McKeand said ... [Published Super Review - Jun 14 2013]

Entities: Business Risk, Deloitte, Melbourne

Quotes

"A member has to choose to opt out of automatic cover, so the issue of some fund charging an additional fee for a feature (insurance) already being included seems out of touch with the current regulatory requirements for better disclosure/transparency of member costs" he said

Admin fees hidden from product dashboard [Published Super Review - 1 hour ago]

"Furthermore, AIST and ISN recommend that ‘personal financial product advice' have the same meaning as that contained at section 766B of the Corporations Act" the submission read

AIST, ISN raise TASA concerns [Published Super Review - 1 hour ago]

"With growing competitive pressure and increasing demands on the super fund industry, we believe our members will be best served by the scale of a larger fund such as AustralianSuper, who can also provide a strong Queensland presence" Henricks said

AUST(Q) to merge with AustralianSuper [Published Super Review - 5 hours ago]

"She has been an articulate advocate on ESG issues for many years and has a deep understanding, on behalf of millions of super fund members, of the importance of improved corporate governance in Australia's corporate landscape."

ACSI chief will step down [Published Super Review - 5 hours ago]

More Content

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Admin fees hidden from product dashboard [Published Super Review - 1 hour ago]
ASIC drops HFT proposals [Published Super Review - 1 hour ago]
Funds say MySuper the death of medium-sized funds [Published Super Review - 1 hour ago]
AIST, ISN raise TASA concerns [Published Super Review - 1 hour ago]
AUST(Q) to merge with AustralianSuper [Published Super Review - 5 hours ago]
Wholesale funds reap rewards of market recovery [Published Super Review - 5 hours ago]
ACSI chief will step down [Published Super Review - 5 hours ago]
Double-dip strategy could bridge gender savings... [Published Super Review - 5 hours ago]
Commonwealth Bank launches super lifecycle product [Published Super Review - 22 hours ago]
Review scheduled for FSC/ASFA SRM [Published Super Review - Jun 14 2013]
Westpac Institutional and Commonwealth team up ... [Published Super Review - Jun 14 2013]
Super investment restricted by capacity limits [Published Super Review - Jun 14 2013]
IFM grows debt investments team [Published Super Review - Jun 13 2013]
Super needs narrower focus [Published Super Review - Jun 13 2013]
Currency a factor in emerging market fixed income [Published Super Review - Jun 13 2013]
Concessional caps set for review under Coalition [Published Super Review - Jun 13 2013]
Rice Warner expands super consulting team [Published Super Review - Jun 13 2013]
FSC/ASFA SRM process fundamentally flawed [Published Super Review - Jun 13 2013]
Super funds unlikely to expand corporate bond m... [Published Super Review - Jun 13 2013]
Cbus set sights on industry governance followin... [Published Super Review - Jun 11 2013]
High income earner tax hike to hit DB employers... [Published Super Review - Jun 11 2013]
ATO seeks lost super strategy [Published Super Review - Jun 11 2013]
Lonsec and Milliman team up to tackle retiree a... [Published Super Review - Jun 11 2013]
Higher price for direct insurance [Published Super Review - Jun 11 2013]
Catholic Super MySuper ready [Published Super Review - Jun 07 2013]
Pillar finds new chief [Published Super Review - Jun 07 2013]
Equipsuper Financial Planning grows team [Published Super Review - Jun 06 2013]
Vision Super expands executive team [Published Super Review - Jun 06 2013]
Bigger workforce needed to tackle economic woes [Published Super Review - Jun 06 2013]
Paul Souter joins UBS Platform Solutions Group [Published Super Review - Jun 05 2013]