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YFYS spurs half to change asset mixBY KARREN VERGARA | THURSDAY, 2 SEP 2021 4:02PM
Only half of superannuation funds will be prompted to change their investment profile as a result of the new Your Future, Your Super performance test, an Australian Institute of Superannuation Trustees survey shows.
Read more: AIST, Australian Institute of Superannuation Trustees, PIMCO, AMG Super, ASGARD, ASI Conference, BT Super, Colonial First State, Financial Standard, Morningstar, MySuper, Robert Mead
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Find out why 44% of advisers are using managed accounts
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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