Tag: funds
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Tremendous funds slammed over retirement technique reforms
Australian tremendous funds have been slammed by regulators for failing to correctly implement reforms aimed toward serving to members put together for retirement. The Albanese authorities applied adjustments in July 2022 that pressure tremendous trustees to create methods to help members in planning their post-work lives as retirement approaches. However a evaluation printed on Tuesday…
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High-performing superannuation funds revealed
The outcomes are in – Australia’s tremendous funds have delivered a “aggressive final result in unsure occasions”, in line with evaluation from SuperRatings, which has run the ruler over 2022-23 returns. A rebounding sharemarket has delivered Australia’s six best-performing funds double-digit returns over the previous monetary yr, whereas the highest 10 delivered a mean return…
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Cath Bowtell to exchange Greg Combet as chair of worldwide funds supervisor IFM
Cath Bowtell has been named chair of business tremendous fund-owned international funds supervisor, IFM Traders, changing Greg Combet within the function. Former Australian Finance Minister Lindsay Tanner has additionally been named as an unbiased director on the IFM board. Ms Bowtell was beforehand deputy chair of IFM, and has served on its board since 2019.…
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‘Super final result’ as tremendous funds soar to complete yr in black
Stay Excellent news on the economic system was laborious to seek out however at the very least the superannuation accounts of most Australians had been prone to end the monetary yr within the black, in line with Chant West. The corporate mentioned the median progress fund was prone to put up a return of about…