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Admin fees could balloon from BFIDBY KARREN VERGARA | TUESDAY, 16 MAR 2021 12:34PM
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn.Read more: BFID, ISA, Aware Super, Adrian Verdnik, APRA, AustralianSuper, BT Super, Financial Standard, Industry Super Australia, IOOF, Jane Hume, Member Outcomes, OnePath, Scott Connelly, Suncorp Group, Suncorp Stadium, Suncorp Super
AustralianSuper has welcomed almost 60,000 new members following the completion of its merger with Club Plus Super.
Vanguard, UniSuper and BetaShares are some of the winners in Money magazine's 2021 Best of the Best Awards.
The former head of distribution (retail/advisory) at AMP Capital has moved on to a new role.
Glenn Stevens has been appointed the next chair of Macquarie Group and Macquarie Bank following the retirement of Peter Warne.
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