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| | | Members whose super funds have merged in the last three years have seen their fees decrease by 20%, according to new analysis. Rainmaker looked at 13 mergers involving 22 super funds; 11 traditional mergers, the integration of Virgin Super and Mercer ... |
| | | | S&P Dow Jones Indices has announced its quarterly rebalance of ASX indices, effective at the open of trade on September 21. The quarterly rebalance will see two new additions to the S&P/ASX 20 Index; those being Coles Group and Fortescue Metals. The ... |
| | | | The founder of a distressed debt hedge fund faces civil and criminal charges in the US, after it was found he abused his position in the bankruptcy proceedings of luxury retailer Neiman Marcus Group. The Securities and Exchange Commission has charged ... |
| | | | Paradice Investment Management has added a head of ESG to its investment team, hiring from Ausbil Investment Management. Nicholas Varco will work with Paradice's investment team in integrating environmental, social and governance factors including climate ... |
| | | | Geoff Wilson's WAM Capital has appointed a former Commonwealth Bank chief technology officer to its board, set to help strengthen the investment group's technological capabilities. Matthew Pancino has nabbed the role, however, the appointment remains ... |
| | | | Following a qualitative review of 69 Australian fixed-interest strategies, ratings house Morningstar has made 15 changes; including upgrades, downgrades, and dropping its coverage of one strategy. The changes are attributable to Morningstar's revised ... |
| | | | The bill to increase the maximum number of self-managed superannuation (SMSF) members from four to six has been reintroduced in the Senate. The bill amends the SIS Act, Corporations Act, ITAA 1997 and Superannuation (Unclaimed Money and Lost Members) ... |
| | | | Industry Super Australia has slammed the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while ... |
| | | | There's an unlikely user of the government's current amnesty for employers who underpaid SG - a Sydney superannuation fund, which is currently reimbursing shortfalls to staff. Australian Catholic Superannuation and Retirement Fund underpaid ... |
| | | | HFM & Partners has made the decision to change its Australian financial services licence from MLC-owned GWM Adviser Services in light of the acquisition by IOOF. The announcement by IOOF to acquire MLC's advice business will see the creation of ... |
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