Industry funds surge ahead in satisfactionBY KANIKA SOOD | MONDAY, 8 JUL 2019 12:31PM
Industry funds have widened their lead over retail funds in how satisfied their members are with their fund's financial performance over the last 12 months, according to latest Roy Morgan research.
Read more: Hostplus, Catholic Super, First State Super, Mercer, UniSuper, AustralianSuper, Cbus, Macquarie, Sunsuper, Tasplan, BT, Norman Morris, Rainmaker
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The managing director of an AMP-aligned dealer group is exiting the business to take on a new role.
BT Financial Group has shut down a $670 million global property fund and a $293 million Asian shares fund, as it sees them unsuitable for retail investors.
Perpetual has confirmed the appointment of a head of risk, promoting from within to fill the newly created role.
A $5.6 billion industry superannuation fund is revamping its MySuper option, which will see default members' exposure to growth assets and fees rise.
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