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Funds grilled despite record returnsBY ELIZABETH MCARTHUR | THURSDAY, 8 JUL 2021 12:28PM
AustralianSuper and Cbus faced an extremely hostile questioning from the House of Representatives Standing Committee on Economics, which at times devolved to committee members yelling over one another.Read more: AustralianSuper, Cbus, New Daily, MySuper, Ian Silk, Liberal MP Tim Wilson, IFM Investors, Justin Arter, Labor MP Peta Murphy, Industry Super Holdings, Labor MP Daniel Mulino, Spam Act, Tandem Group
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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