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Showing 11 - 20 of 387 results for "Retail super"

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... arrangement as Hostplus, equipsuper, LGIAsuper, and Mine Super spent between $3 million and $4.4 million. Overall, retail super funds' budget for financial advice dominates the other sectors, with AMP leading the way, spending $294.5 million on Wealth ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... higher than the combined growth of the next four largest fund managers. The research also showed strong performance in retail super, with FUM rising 9.9%, making it the second fastest-growing segment after MySuper. Not for profit (NFP) funds' FUM increased ...

Mercer Super reorganises leadership, chief executive changes roles

ANDREW MCKEAN  |  WEDNESDAY, 4 SEP 2024
... growth and transformation." Current Mercer Super chief operating officer Clair Ross will take over the top job at the retail super fund, effective October 1. Ross brings over 30 years' experience in operational management and administration services ...

MLC Asset Management names director of institutional distribution

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
MLC Asset Management has appointed a director of institutional distribution and consultant relations. Former Schroders Investment Management head of intermediary sales Ian Anderson is the new hire. Anderson previously led a sales team at Schroders ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
The financial advice sector could see the number of registered advisers sink to 11,000 and as low as 5500 in 20 years' time, Rainmaker Information predicts. These are some of the scenarios forecasted in the Rainmaker Adviser report. A more optimistic ...

Iress snags Insignia Financial executive

ELIZABETH FRY  |  FRIDAY, 9 AUG 2024
Iress, the advice software provider, has appointed a new executive to run its superannuation business, hiring from Insignia Financial. Sam Wall has over 25 years' experience in superannuation, investments, wealth and insurance, leading teams across ...

AMP MySuper options power past double-digit returns

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
... MySuper 1970s investment option, its largest by funds under management, had a return of 11.4% for FY24. Meanwhile, the retail super fund's 1980s and 1990s investment options returned 11.31%, respectively. AMP said a high allocation to global listed ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... to the public and less than one quarter of the fund's 84,000 members work for Telstra. There are now 64 active retail super funds; six shuttered during the period. Industry super funds remain stable at 22, while public sector funds lost two to finish ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... most funds in the industry by number are at, or close to, zero net flows. As with FY22, a group of corporate and retail super funds as well as SMSFs are in a net outflow position, KPMG said. KPMG national senior leader for asset and wealth management ...

Chief member officer leaves Insignia Financial

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAY 2024
Insignia Financial is on the hunt for a new chief member officer for its superannuation business, confirming the departure of Anne Coyne. Coyne was first appointed to the role in January 2023, following close to two years in governance and disclosure ...