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APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... [for] comparing products," she said. "This was the first time we've done it; we are open to learn and open to improve. Next year we're going to have to do it not for 80 MySuper products but for maybe 1000 choice products so you know we are interested ...

Advice gap spurs boom in investment media

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... is concerned about consumers turning to influencers for advice because professional advice is not affordable to many. "The next step is for ASIC to deliver to assist the industry in overcoming these challenges," he said. Of Padley, Renehan, Leske and ...

Australia Post Super Scheme cuts premiums by 10%

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... alternative credit went from 8% to 4%. APSS is still considering a merger with Sunsuper, which could possibly be completed next year, and said this was a factor in its strategic asset allocation update. The fund has been closed to new Australia Post ...

Investors fear impact of rising inflation

ANNABELLE DICKSON  |  THURSDAY, 4 NOV 2021
... changes to their portfolios in the last three months and 43% believe their investments will get "a little better" over the next 12 months. In addition, 36% repositioned their portfolio to protect from a future potential correction through diversifying ...

Commonwealth Bank to add crypto services

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... providers". A pilot version of the offering will commence in the coming weeks before more features are rolled out to more customers next year. Also commenting, Gemini global head of business development Dave Abner said: "We are proud to be providing ...

Super advice gains traction: Research

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... financial situation and many Australians are now looking to expedite their decision to seek or consider advice options. Over the next two years, there is likely to be significant demand for advice in areas such as tax reduction strategies, capital preservation ...

Equip, corporate fund merger complete

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... our strategic goal of growing to $50 billion in funds under management and roughly double our membership to 300,000 in the next five years," Cameron said. Speaking to Financial Standard earlier this year, Equip and Catholic Super chair Danny Casey said ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... businesses," chief executive Alexis George said. "The separation of our businesses is progressing well and will continue until mid-next year as planned. We will continue to provide transitional services to [Resolution Life], as agreed, and will have ...

Munro Partners launches climate fund

ANNABELLE DICKSON  |  WEDNESDAY, 3 NOV 2021
... Griffin said. "We see climate as the biggest opportunity since the internet and we believe we are just at the beginning of the next big s-curve - a sustainable decades-long growth trend. We aim to find those companies that are best positioned to win ...

AMG Super launches platform, product

KARREN VERGARA  |  TUESDAY, 2 NOV 2021
... migrate existing members and products to the new platform in 2022 as part of a major project that will be rolled out over the next 12 months. The new product, Acclaim Super & Pension, launched on October 27. Head of distribution and partnerships Terry ...