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| | | Both platform businesses finished FY20 with strong inflows, but Netwealth is overvalued while HUB24 offers a superior growth rate, says Ord Minnett. HUB24 had $17.2 billion of total funds under administration for FY20 while Netwealth had $31.5 billion. ... |
| | | | ... deliver solutions that work for real people." AIA Australia is the life insurer for many superannuation funds including BT Super and HESTA. Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit ... |
| | | | First State Super's planned rebrand to Aware Super last week ran into trouble when the fund failed to disseminate the information in formats accessible to all members. A First State Super member, who has a hearing impairment, wrote to the fund's ... |
| | | | ... costs across the majority of our investment structure, which in turn contributes to stronger retirement outcomes," Mine Super chief investment Seamus Collins said. Account-based pension investment fee for bond options increased from 0.18% to 0.19% while ... |
| | | | The $120 billion fund has picked a new name, with the First State Super name expected to be dropped from September. Meanwhile VicSuper's brand name will be retained for the interim. Both First State Super and StatePlus brand names will be replaced ... |
| | | | ... opportunity to its superannuation product, which is a bigger contributor to combined revenue. "Our single strongest growth in super growth is coming via Voyager customers," Moore said. "Superannuation remains a very important product for us. One of things ... |
| | | | Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions. The working group, which was put together late last year, is expected to present its ... |
| | | | ... additional focus on working with clients to develop new product capabilities and startegies. QIC has also hired a First State Super portfolio manager to the investment director, state investments. Zoe McHugh was previously a portfolio manager strategy ... |
| | | | ... a three-year rolling basis. The top five entities for awarding the most mandates in the period were Hostplus, Christian Super, ACSRF, Telstra Super and Mine Super. Meanwhile, the top five investment managers that won the most mandates in the period were ... |
| | | | The $54 billion Cbus Super and $6 billion Media Super have signed a memorandum of understanding and will commence due diligence. The two industry funds are aiming for the joint agreement to be in operation in 2021, conditional on due diligence to establish ... |
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