Lifecycle fails to woo industry superBY KANIKA SOOD | MONDAY, 20 MAY 2019 11:13AM
Six years after the first lifecycle MySuper products hit the shelves, industry superannuation funds have trailed behind the retail sector in terms of adoption.
Read more: Rainmaker, Asgard, AustralianSuper, BT Super, Catholic Super, David Carruthers, Financial Standard, Frontier Advisors, Hostplus, Industry Super Australia, Local Government Super, Matt Linden, Productivity Commission, Tasplan, UniSuper
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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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