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New heatmap shames trusteesBY KARREN VERGARA | FRIDAY, 18 DEC 2020 12:36PM
The same underperforming and costly MySuper products APRA named and shamed last year have failed members again in the latest iteration of the heatmaps.
Read more: MySuper, Superannuation, BT Funds Management, BT Super, Colonial First State Investments, Aon MySuper, EISS Super, Helen Rowell, Maritime Super, MLC Super Fund, Westpac Super
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Find out why 44% of advisers are using managed accounts
Intensifying its commitment to the Asia Pacific region, State Street has appointed a long serving J.P. Morgan executive as its first country head for Australia.
Former Spectrum Wealth Advisers chief executive Mark Schroeder has been slapped with banning orders in addition to his six-year ban from providing financial services.
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%.
Octopus Investments, an energy asset manager, has made several appointments after recently surpassing $1 billion in assets under management.
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