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| | | Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ... |
| | | | Amid a year of economic turbulence and soaring inflation, Financial Standard's most read stories reveal attention was once again focused on the evolving superannuation sector. The worst performing super products and funds underscore the majority ... |
| | | | The annual MySuper heatmap shows there are six products that had significantly poor performance in relation to the benchmark. EISS Super's MySuper option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper ... |
| | | | ASIC thinks regulatory intervention has improved lenders target market determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of ... |
| | | | Growth in fund complexity and managing assets in-house has triggered intensive efforts by pension funds to beef up their operational and support functions. JANA principal consultant and head of operational consulting, Jo Leaper, says there is a growing ... |
| | | | Australian women on average earnt almost $26,600 less than men between 2021 and 2022. Data released by the Workplace Gender Equality Agency (WGEA) titled 2021-22 Employer Census revealed progress to close the gap has stalled and remains at 22.8%. Alarmingly ... |
| | | | ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ... |
| | | | Sonia Baillie has joined Aware Super as head of income assets joining from Macquarie Asset Management. Baillie moved to Macquarie when the firm purchased AMP Capital's Global Equities and Fixed Income business last year, becoming a division director ... |
| | | | AUSTRAC has released guidance to banks and superannuation funds on helping those without access to traditional identification documents access financial services. The guidance aims to support people from diverse backgrounds and in challenging circumstances ... |
| | | | According to Schroders deputy head of fixed income Australia Kellie Wood, while 2022 was the year for investors to be out of fixed income, the year to be back in is 2023. "2022 has certainly been a very tough year for us as bond managers," Wood said. ... |
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