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| | | 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 ... |
| | | | Active ETFs and diversified ETFs have the highest buy-sell spreads among ASX-listed ETFs, according to Rainmaker analysis. Across the ASX-listed ETFs, the median buy-sell spread is 17 bps. However, the actual spread varies vastly by types of ETFs. The ... |
| | | | ... Australian families under duress," he said. "It's a very tough time for families. It's forcing a lot of people to make some very big life decisions. What is most important is that they make fully informed decisions. "The most worrying statistic is the ... |
| | | | 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 ... |
| | | | The ASX-listed advice and accounting group recorded a 59% drop in net profit to $7.1 million as grandfathered commissions came to a halt and COVID-19 impacted the business. Regulatory reform, namely the FASEA exam, also impacted the business however ... |
| | | | Retail superannuation funds from AMP, Australian Ethical and Russell Investments will be among the biggest beneficiaries of the last-minute change to administration fee treatment in YFYS performance tests, says Industry Super Australia. The new performance ... |
| | | | ... the 2018 financial services Royal Commission, which exposed ASIC as a toothless tiger that preferred to negotiate fines with big organisations over long lunches rather than pursue court or criminal action. Another fallout from ASIC's appearance at ... |
| | | | The big four bank has been ordered by the Federal Court to pay $18.5 million for misleading fee disclosure statements in relation to personal financial advice, in what is the first penalty imposed by the court for such failures. The court found NAB ... |
| | | | ... State Street does in Australia, most notably for the country's first ETF STW, and SFY that turns 20 on Friday. As the next big themes for ETFs, Macdonald counts semi-transparent ETFs and thematic ETFs. "Essentially, ETFs have been passive, but the ... |
| | | | The Future Fund delivered its strongest performance to date, turning in 22.2% per annum at the end of June 2021. In releasing the financial year results this morning, the sovereign wealth fund also saw assets under management reach $196.8 billion. Chief ... |
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