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Super funds set to dominate ASX: DeloitteBY HARRISON WORLEY | WEDNESDAY, 27 NOV 2019 11:55AM
Australia's superannuation system is set to balloon beyond $10 trillion in the next 20 years and may come to own more than 60% of the market capitalisation of the ASX, according to Deloitte.
Read more: ASX, Deloitte, Diane Somerville, Russell Mason, Consultants
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Early Release of Super payments surged around $7 billion in the first week of July, according to Treasury estimates, but this may not be a reason to panic.
Funds from IOOF, Vanguard and Fiducian figure among the top-five performers among wholesale funds, in the latest Rainmaker Information tables to May end.
Pengana Capital's national sales manager for private banking and wealth has left the firm after more than five years, setting his eyes on a new life in sunny Queensland.
In a new paper from Actuaries Institute, Anthony Asher argues financial advice can be made cheaper if the Australian Taxation Office (ATO) provides some of the data necessary for good advice.
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