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| | | The Australian Financial Complaints Authority's (AFCA) annual review shows that in FY25, and for the second consecutive year, more than 100,000 complaints were lodged. In investments and advice, large scale collapses in the financial advice industry ... |
| | | | Ben Hillier's 83-year-old mother recently went on her fourth overseas holiday this year. It was, says Hillier, at his insistence. A few years ago, his mother was convinced she wouldn't be able to travel anymore. She couldn't afford to do ... |
| | | | IFM Investors and Nest have completed their first UK investments since the UK pension fund took a 10% stake in IFM in February this year. As part of this partnership, Nest committed close to £500 million to seed a global infrastructure debt fund managed ... |
| | | | The Australian Financial Complaints Authority (AFCA) has released its Systemic Issues Insights Report for the second half of FY25. The report highlighted that delays in processing superannuation rollovers and withdrawals remain a recurring systemic ... |
| | | | The $7.4 billion industry super fund has consolidated its accumulation products into one as part of a multi-year simplification strategy. BUSSQ has historically had two accumulation phase products for members in BUSSQ MySuper and Premium Choice. The ... |
| | | | MLC's super and retirement platform, MLC Expand, is rolling out a slew of artificial intelligence (AI) automation tools that it says could save advice practices hundreds of hours per month. Over the coming months, MLC Expand is launching automation ... |
| | | | Women with their retirement savings invested in a traditional 60/40 portfolio are more likely to run out of money early, according to a Monash University study. The study looked at how well the 60/40 strategy supports retirees - both male and female ... |
| | | | Netwealth has continued to separate itself from the collapse of First Guardian, saying it was a "case of fraud". In its September quarterly business update, Netwealth said it was working cooperatively with industry bodies and regulators in relation ... |
| | | | Almost half of all super funds have seen a decline in member accounts over the last year, despite the number of member accounts across the industry having increased. APRA assessed super funds' performance against a variety of metrics over one, three ... |
| | | | Aware Super has launched a new digital advice solution to help members with retirement planning. The tool, named Retirement Manager, was designed in conjunction with Bravura Solutions. Aware Super said members can use the tool to determine how much ... |
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