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Citi develops white label banking for industry fundsBY JAMES FERNYHOUGH | FRIDAY, 4 JUL 2014 12:30PM
Citi is offering to white label its retail banking services for industry super funds as a way of stemming the outflow to retail funds and self-managed super funds (SMSFs), Financial Standard can reveal.Read more: Citi, Financial Standard, NAB, Superannuation, Australia, David Edwards, BNP Paribas, HSBC, JP Morgan, State Street
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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