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Retail super funds in hot water: Royal CommissionBY KARREN VERGARA | MONDAY, 27 AUG 2018 1:02PM
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached.
Read more: NAB, ASIC, MySuper, CBA, ATO, CFS, Hostplus, MLC, Suncorp, IOOF, Royal Commission, ANZ, Avanteos, Catholic Super, Energy Super, Andrew Hagger, APRA, Australian Catholic Superannuation Retirement Fund, AustralianSuper, CFSGAM, Colonial First State Investments, CommInsure, David Elia, Equipsuper, Kenneth Hayne, Michael Hodge, Nicole Smith, Nulis Nominees, Questor Financial Services, Robert Clancy, Suncorp Master Trust, Superannuation Industry Act
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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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