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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
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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