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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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Find out why 44% of advisers are using managed accounts
Natixis Investment Managers hired an institutional sales director who spent nearly a decade at First Sentier Investors.
The newly merged LGIAsuper and Energy Super have scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits.
Fidelity International launched a climate investing policy with a rating scheme in a bid to halve its carbon emissions by 2030.
The House of Representatives Standing Committee on Tax and Revenue has recommended that the Australian Tax Office develop a Bill of Rights' for taxpayers.
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