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Failing Asgard super option to closeBY JAMIE WILLIAMSON | WEDNESDAY, 29 SEP 2021 12:57PM
After failing the inaugural Your Future, Your Super performance test, Asgard Employee Super will shutter next month, with many members being transferred to BT's Retirement Wrap.Read more: Asgard, BT Super, Asgard Employee Super, MySuper, Retirement Wrap, APRA, Rainmaker, Alex Dunnin, ATO, BT Financial Group, BT Funds Management, YourSuper
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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