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Members shift to industry super fundsBY KARREN VERGARA | THURSDAY, 29 AUG 2019 12:18PM
Retail superannuation funds copped a battering of outflows as latest APRA figures paint a telling picture of a booming industry super fund sector nearly one year after the Hayne Royal Commission.
Read more: Superannuation, Royal Commission, APRA, Bloomberg, Financial Services Council, Jason Ross, Sally Loane, Scott Hartley, Sunsuper
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Depression, Recovery, and the Risk of Time
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Charities have called on the government to plan for a gradual transition of its stimulatory payments so as to avoid the loss of more than 200,000 jobs in the sector.
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A fund manager will remediate clients in eight funds after a recent review of its management costs identified a unit pricing error.
Equity Trustees has handed over the management of Newgate Real Estate and Infrastructure Fund to a new manager, as Newgate Capital announces its intention to retire from the fund.
Zurich Australia and OnePath Life announced donations to 20 charities with COVID-19 response funding.
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