Equity Trustees wins Colonial mandateBY KANIKA SOOD | FRIDAY, 4 OCT 2019 12:32PM
Equity Trustees has cracked $100 billion in funds under supervision, after striking an agreement with Colonial Mutual Life Assurance Society effective October 1.Read more: Equity Trustees, CMLA, Colonial Mutual Life Assurance Society, CBA, CFSGAM, EQT Holdings, First Sentier, Mick O'Brien, MUFG, Trust Company
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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