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Australian equities funds downgradedBY ANNABELLE DICKSON | MONDAY, 1 MAR 2021 12:19PM
Morningstar's latest report card for Australian equities funds has downgraded more funds, including strategies from Pendal and Fidelity, than it upgraded.Read more: Fidelity, Pendal, Dimensional, Ausbil, UBS, VanEck, Morningstar Australia, Bennelong, BlackRock, Hyperion, Alphinity, NovaPort
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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