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| | | Frontier is concerned the APRA performance test does not adequately assess acceptable performance, given several of the funds that were failed actually perform better than others that passed. The asset consultant, which advises on $490 billion, said ... |
| | | | Big names like Colonial First State's FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This ... |
| | | | The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million. The levy will be restored to $1142 per adviser, as was charged in 2018/19 ... |
| | | | Ahead of the results of the inaugural Your Future, Your Super performance test, the chief executive of Maritime Super has aired concerns over the implications of communicating with members where their fund has underperformed, particularly where that ... |
| | | | For the first time ever, there are now no all-male boards within Australia's top 200 companies. The milestone comes as the final two companies with all-male boards, both mining companies, appointed female non-executive directors to their boards this ... |
| | | | The Australian fintech launched an integrated robo-advice service for its US customers, while its current Australian robo-adviser will shortly fold into this offering. Douugh Wealth Portfolio Jars combine technology and human expertise to allow its ... |
| | | | A survey of institutional investors, representing $26.8 trillion in assets, conducted by Schroders has found 80% of global institutional investors find sustainability challenging. Schroders surveyed 750 institutional investors, including 205 in Asia ... |
| | | | VGI Partners Global Investments reported a net profit after tax of $153.9 million and portfolio returns of 25.6% for FY21. The LIC targets 10-15% p.a. through the cycle and holds a concentrated long and short portfolio, with the top five holdings accounting ... |
| | | | In a tough environment for managers, Rainmaker research reveals the best performing Australian and international fixed interest funds. Considering wholesale international fixed interest funds' returns on a three-year basis, Rainmaker found that First ... |
| | | | The international pension body is warning of the dangers in governments allowing unrestricted pension withdrawals as a pandemic response. The WPA represents pension plans and providers in Europe, the United States of America, Canada, Latin America ... |
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