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Showing 291 - 300 of 818 results for "Retail fund"

Associations not sold on PC draft report

EMMA RAPAPORT  |  THURSDAY, 30 MAR 2017
The Productivity Commission's draft report on alternative default models for the superannuation system has been met with mixed responses from the industry. The Commission recommended a number of changes to the current default fund system and took aim ...

Profit-to-member super funds must restore trust: AIST

EMMA RAPAPORT  |  WEDNESDAY, 22 MAR 2017
Profit-to-member superannuation funds have a duty to strengthen and restore trust in Australia's $2 trillion super system, as well as lead other institutions to restore economic balance for the everyday working person. Australian Institute of Superannuation ...

Women-led super funds outperform, so why so few leaders

ALEX DUNNIN  |  WEDNESDAY, 8 MAR 2017
Superannuation funds with higher than average levels of female strategic leadership outperforming other funds forces the question of why the proportion of women in superannuation leadership roles remains so low. Research by Rainmaker into the relative ...

Custody sector hits $3 trillion

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
The custody and administration sector grew 5.2% between June and December 2016, the latest figures from the Australian Custodial Services Association show. Assets under custody (AUC) for Australian investors reached $3 trillion for the first time, with ...

Super consolidation imminent: research

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
The number of super funds (excluding SMFSs) have dropped by 72% from 872 to 244 in the last ten years (see Figure 1), according to new research from Rice Warner. The annual Superannuation Market Projections Report shows in 2016, 83 out of 219 funds ...

Platinum's AUM and profit take a hit

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
Platinum Asset Management reported a significant drop in assets under management and profitability in the six months to December 2016. Total AUM of $23.2 billion was hit with a $1.7 billion net outflow, down 13% on the previous corresponding period ...

Industry super attacks SMSFs

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2017
Industry Super Australia says growth in the SMSF sector is a result of members having low levels of financial literacy. Citing a 2016 working paper from CIFR, ISA chief economist Stephen Anthony said the 5.5% increase in SMSF membership in 2015 was ...

HUB24 the fastest growing platform

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
HUB24 signed 10 new distribution agreements and welcomed 47 advisers to its platform over the December quarter as it continues an impressive growth strategy. The platform's quarterly business update showed a $1.8 billion (75%) surge in funds under administration ...

Top 10 superannuation stories in 2016

STAFF WRITER  |  WEDNESDAY, 21 DEC 2016
... largest retail super fund NAB announced in July it would merge five of its super funds into one, creating the largest retail fund in the country. The new MLC Super Fund comprises MLC MasterKey and Plum superannuation offerings, and represents roughly ...

ASFA board changes

ALEX BURKE  |  MONDAY, 14 NOV 2016
The Association of Superannuation Funds of Australia has renewed its board of directors and announced three lifetime memberships. The board composition was revealed following ASFA's annual general meeting at the 2016 ASFA Conference on the Gold Coast. ...