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Rise of the mega funds continuesBY ANNABELLE DICKSON | MONDAY, 3 MAY 2021 12:02PM
Increased merger activity in the superannuation sector will see most of Australia's retirement savings managed by just 12 funds, new research shows.
Read more: KPMG, APRA, Super Insights, AustralianSuper, Aware Super, Cbus, Hostplus, Linda Elkins, Maritime Super, Media Super, QSuper, Sunsuper
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After four months of due diligence, the two super funds have confirmed they will merge before the end of the year.
The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy.
The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning.
The Sydney multi-boutique has appointed a Queensland-based distribution director, hiring from GSFM.
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