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Showing 181 - 190 of 818 results for "Retail fund"

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
Just 49% of the files looked at by ASIC as part of its review of financial advice provided by super funds were found to be compliant with best interests duty. Reviewing the personal advice provided by 21 super funds, ASIC's Report 639: Financial ...

Grow Super hires Qantas Super executive

KANIKA SOOD  |  MONDAY, 2 DEC 2019
Grow Super has hired Qantas Super's chief operating officer, as it looks to divest its superannuation business and pivot towards administration services. Grow Super is currently looking for a buyer for its $39 million (as at June end) of superannuation ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
Rainmaker's research head is calling for the superannuation industry to avoid over-interpreting OECD figures indicating Australia's retirement saving system is cheap, as debate breaks out. Alex Dunnin, Rainmaker executive director of research and compliance ...

Retail fund swaps out K2

KANIKA SOOD  |  MONDAY, 25 NOV 2019
A $47 billion retail superannuation fund has dropped a K2 Asset Management Aussie equities fund for another manager's offering. The K2 Australian Absolute Return Fund managed $46.8 million on behalf of AMP Superannuation Trust and other AMP clients ...

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... superannuation industry in Australia over three years - found that the average industry fund outperformed the average retail fund by nearly 2% per annum. "And when you consider that a 1% p.a. differential equates to around a $100,000 difference at retirement ...

Retail fund renews insurer, cuts premiums

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
A retail superannuation fund has reappointed OnePath as its insurer, and is trimming premiums by about 20%. Virgin Money Super has renewed OnePath Life for three years starting December 1. The mandate is for death, total and permanent disablement (TPD) ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
The $54 billion industry superannuation fund is dipping its toes into the world of corporate super, launching a new offering this week. Cbus officially launched its Cbus Corporate Super product on Monday for those who wish to join the fund via their ...

BDM pay healthy despite headwinds

ELIZABETH MCARTHUR  |  TUESDAY, 12 NOV 2019
New insights on the salaries of business development managers reveal they can expect to take home healthy pay packets despite the Royal Commission reducing demand. Research from Kaizen Recruitment on BDM salaries in the financial services industry has ...

Retail funds shrink unlisted assets

KANIKA SOOD  |  MONDAY, 11 NOV 2019
... Australian superannuation funds' total money invested in such investments. Over the five years, the proportion of retail fund FUM held in unlisted assets fell from 4.5% in 2014 to 3.7% this year. By contrast, not-for-profit superannuation FUM share ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... comprehensive investment menus, with 518 investment options on average." The large number of investment options available on retail fund menus is largely to serve financial advisers and the more diverse needs of their clients. Rainmaker executive director ...