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Super funds face scrutiny in CanberraBY ELIZA BAVIN | THURSDAY, 10 OCT 2019 11:47AM
The major superannuation funds and industry associations will front the House of Representatives Standing Committee on Economics for the first time.
Read more: AMP Super, Association of Superannuation Funds of Australia, AustralianSuper, Hostplus, IFM Investors, Industry Super Australia, IOOF, Nulis Nominees Australia, QSuper, Royal Commission, Suncorp
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test.
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest.
A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19.
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