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Morningstar upgrades four, downgrades 10BY ALLY SELBY | THURSDAY, 3 SEP 2020 12:19PM
Following a qualitative review of 69 Australian fixed-interest strategies, ratings house Morningstar has made 15 changes; including upgrades, downgrades, and dropping its coverage of one strategy.Read more: Morningstar, Dimensional, Legg Mason, Vanguard, Altius, AMP Capital, BetaShares, UBS, BNY Mellon, Franklin Templeton, iShares, Macquarie, Nikko Asset Management, Payden, PIMCO, Schroders
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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