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LIC restructures to ETMFBY ELIZABETH MCARTHUR | THURSDAY, 10 JUN 2021 12:41PM
In a very rare move, a listed investment company has restructured to become an exchange traded managed fund - listing on the ASX today.Read more: LIC, ETMF, Shield, Monash, ASIC, Investment Company, Simon Shields, ASX AQUA, Paul Clitheroe, Shane Fitzgerald, Aurora, Australia, IPO, Sandon, Trust MAAT Hedge Fund
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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