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Research firm launches, hires Macquarie execBY KARREN VERGARA | MONDAY, 10 MAY 2021 12:23PM
A global fund manager research and benchmarking firm has launched in Australia, appointing a former Macquarie Group executive to lead the business.Read more: Inalytics, Macquarie Group, David Goodman, Financial Standard, Morningstar, Rick Di Mascio, State Street Global Markets, Zenith
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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