The latest issue of Financial Standard now available as an e-newspaper
Mis-selling super a win for consumersBY JAMIE WILLIAMSON | THURSDAY, 2 AUG 2018 12:45PM
An advocacy body for superannuation fund members established in 2013 will finally become fully operational thanks to $2.5 million in penalties paid by CBA and ANZ for the mis-selling of super products.
Read more: Superannuation, ASIC, ANZ, CBA, Jenni Mack, Rod Stowe, Smart Choice Super, Sunsuper, Superannuation Consumers, Susan Thorp, University of Sydney Business School
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Find out why 44% of advisers are using managed accounts
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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