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TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
TWUSUPER has decided to not proceed with its planned merger with EISS Super, saying it will pursue other options. In a statement this morning, TWUSUPER advised the merger will not go ahead, saying: "Any merger must be in members' best interest." ...

BetaShares launches crypto-focused ETF

ELIZABETH MCARTHUR  |  THURSDAY, 14 OCT 2021
Responding to increasing interest in the crypto space, BetaShares will launch a global equities ETF on the ASX investing in tech stocks. The BetaShares Crypto Innovators ETF is expected to be launched in the coming weeks, the manager said, subject to ...

Aware Super makes investment team changes

ELIZABETH MCARTHUR  |  THURSDAY, 14 OCT 2021
As Aware Super continues its ambitious growth trajectory towards becoming a $250 billion fund it has made some changes to its investment team. Damien Webb has been made deputy chief investment officer. Webb joined Aware Super in 2014 as head of income ...

Lifecycle now MySuper mainstream: Rainmaker

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
The share of funds under management held in lifecycle MySuper options has almost doubled in the last eight years as single strategy products drop off, but member balances at age 65 still don't quite stack up. This is one of Rainmaker Information's latest ...

OnePath tops Fat Cat super fund list

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
OnePath has toppled AMP to become the worst-performing superannuation fund based on Stockspot's annual ranking. In analysing some 600 multi-asset investment options offered by 100 super funds, OnePath took the gold prize as the overall worst performer ...

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Professional associations and consumer groups have banded together to lobby for a stronger compensation scheme of last resort ahead of its expected legislation in the coming weeks. The Financial Planning Association of Australia, Association of Financial ...

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
Challenger Life has updated its annuities offering with a range of market-linked options in an attempt to overcome longevity risk and provide financial advisers with more retirement solutions. Ahead of the legislation of the Retirement Income Covenant ...

Aussies stick with DIY advice

KARREN VERGARA  |  TUESDAY, 5 OCT 2021
The majority of Australians continue to control their finances rather than seek the help of a professional adviser, new research suggests. The survey of 2005 respondents canvassed by the Financial Planning Association of Australia's annual Money & Life ...

Vanguard cuts fees

ELIZABETH MCARTHUR  |  THURSDAY, 30 SEP 2021
Vanguard has cut fees on several of its Australian fixed interest funds, with the reductions taking effect from October 1. Fees on Vanguard's Australian Fixed Interest fund and ETF will be reduced from 0.24% to 0.19% and 0.20% to 0.15% respectively. ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
Link Group vowed that it will "vigorously defend" its subsidiary against a class action involving the failed Woodford Equity Income Fund. UK law firm Leigh Day kicked off proceedings against Link Fund Solutions on September 27 on behalf of 100 WEIF ...