MLC trustees to pay $65m in MySuper class action settlementBY JAMIE WILLIAMSON | FRIDAY, 6 DEC 2024 12:34PMMLC will pay close to $65 million to settle a class action that alleged it delayed transferring more than 300,000 members to the cheaper MySuper option. Related News |
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Australia's retirement system receives first A-grade
|Australia's retirement system has finally received an A-grade rating in the annual Marsh CFA Institute Global Pension Index after stagnating at the B+ level for the last five years.
Brighter Super changes up investment, insurance fees
|Not-for-profit fund Brighter Super has introduced numerous changes to its fees, decreasing investment fees while increasing insurance costs.
Channel Capital wins distribution mandate
|Channel Capital has been appointed by Coller EQT to distribute, promote and service investor support to the two secondaries strategies currently available in Australia.
Perpetual asset management outflows hit $9.6bn
|Perpetual's asset management business recorded $9.6 billion in net outflows during the September quarter, weighing on funds under management as its Corporate Trust Division reached a record $1.4 trillion in funds under administration.
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
