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Super, ASIC beneficiaries of advice challenges: HearingBY JAMIE WILLIAMSON | FRIDAY, 30 JUL 2021 12:30PM
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.Read more: ASIC, Synchron, Andrew Leigh, APRA, Easton Investments, Jason Falinski, Michael Harrison, Nathan Jacobsen, Royal Commission, Tim Wilson
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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