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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Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through the Senate yesterday.
Intrust Super has relaunched its robo-advice offering, increasing the solution's speed while decreasing the user input requirements.
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is stepping down after a decade in the role in a surprise announcement made this morning.
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator.
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