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Industry fund risk lead resigns
JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The chief risk and compliance officer at a $9.5 billion industry superannuation fund has resigned. Australian Catholic Superannuation and Retirement Fund has confirmed the resignation of Scott McIsaac. McIsaac was chief risk and compliance officer at ...
Where to from here?
JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
On the anniversary of the Royal Commission's final report, AFA chief Phil Kewin reflects on the year that was and how the playbook - and rules - changed for advisers. It's been 12 months since the financial services sector was hit with Commissioner ...
AMP cuts super fees
JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
AMP is reducing investment and administration fees across its suite of superannuation products, including removing the Stronger Super fee it introduced in 2013 to finance the implementation of the reforms. The fee cuts will be applied to MySuper, choice ...
AustralianSuper PM joins fund manager
JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2020
A portfolio manager from AustralianSuper has joined a specialist investment firm looking to expand its footprint in Australia. Global equities portfolio manager Alex Whight will join the Milford Asset Management team in Sydney next week. Whight will ...
Super fund adds first operations lead
JAMIE WILLIAMSON  |  THURSDAY, 23 JAN 2020
The longstanding operations lead at a major superannuation fund has resigned, taking on a newly created executive role at a much smaller industry fund. UniSuper's general manager, operations Steven Leach departed the fund this month after almost ...
MLC Life chief steps down
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
The chief executive and managing director of MLC Life has left the business and an interim replacement has been appointed. David Hackett has left MLC Life after almost four years in the top job. He has been replaced by chief of group and retail partners ...
AustralianSuper ups admin fees
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
AustralianSuper will introduce a new fee for MySuper members from April 2020 to offset the impact of the Protecting Your Super changes. Effective April 1, AustralianSuper's members will start paying the 'Administration fee - Protecting Your ...
Investment Leadership Awards finalists revealed
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
The shortlist for the Financial Standard Investment Leadership Awards 2020 has been unveiled, recognising outstanding investment talent across major asset classes. Now in their third year, the annual Financial Standard Investment Leadership Awards are ...
Industry fund names new investment chief
JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
A $6 billion industry super fund will welcome a new investment lead following the resignation of its chief investment officer. Former LUCRF Super head of investment strategy Michael McQueen will now lead investments for Media Super following the resignation ...
AMP remediation processes questionable
JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
AMP has responded to reports it is refunding fees charged to members into new AMP superannuation accounts opened without customers' knowledge or consent. Following a report by the ABC , AMP has confirmed it is depositing refunds owed to former customers ...
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