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Results out: 13 funds fail YFYS performance testBY KANIKA SOOD | TUESDAY, 31 AUG 2021 9:42AM
Big names like Colonial First State's FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test.
Read more: APRA, BT Super, Christian Super, Colonial First State, EISS, LUCRF, ACSRF, AvSuper, CBA Group Super, Maritime Super, VISSF
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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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