Super fund slashes fees, switches administratorBY KARREN VERGARA | WEDNESDAY, 21 NOV 2018 12:27PM
A $5.5 billion superannuation fund scrapped several fees, discounted its insurance premiums and changed administrators.
Read more: EISS Super, GESB Super, Link Group, Mercer Australia, Retirement Pension, RI Allocated Pension, TAL, West State Super
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Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through the Senate yesterday.
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Intrust Super has relaunched its robo-advice offering, increasing the solution's speed while decreasing the user input requirements.
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is stepping down after a decade in the role in a surprise announcement made this morning.
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The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator.
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