Home deposits unwelcome in super
Superannuation industry groups are warning the federal government to keep Australia's $2 trillion retirement savings system away from addressing the nation's housing affordability problems.

Read more: HousingAISTAnthony RobertsAustralian Institute of Superannuation TrusteesFederal Treasurer Scott MorrisonIndustry Super AustraliaMay BudgetMelbourneNew South Wales Minister for PlanningRay Hadleysenior NSWSouth East QueenslandStephen AnthonySydneyTom Garcia
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Industry super thought leaders have urged the sector to harness the power of the collective and collaborate more closely on problem solving to ensure longevity and continued member engagement.
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Citi is expanding its wealth management business with four new hires.
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ASIC's investigation into CommInsure found no evidence of claims managers applying pressure on medical staff to change assessments, although the regulator said claims handling fell short of community expectations.
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AZ Sestante, a subsidiary of Italian wealth management firm Azimut Holdings, recently entered the Australian market by launching three new funds on the Colonial First State platform.
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