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Industry funds adopt robo-adviceBY KARREN VERGARA | TUESDAY, 21 NOV 2017 12:39PM
Two industry funds with more than 75,000 members are the latest to embrace Decimal Software's robo-advice offering.
Read more: Mercer, Child Care Super, GuildSuper, Decimal Software, Ben Walsh, Cambell Holt, Greg Everett, Guild Retirement Fund, Guild Trustee Services, University of Wollongong
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Dimensional's sustainability suite is being expanded with the introduction of a new emerging markets fund with an ESG filter.
Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley.
The Victoria government's LaunchVic is looking for a fund manager to run a $120million startup fund.
The Association of Financial Advisers (AFA) has raised concerns about the cost of the government's proposed Compensation Scheme of Last Resort and the fact that super funds and managed investment schemes are excluded from the proposed regulation.
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