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| | | ... product value, this makes it hard for them to identify problems," she explained. ASIC senior executive leader of the Superannuation team Jane Eccleston added that trustees, not just insurers, will be expected to act in response to the report. "The report ... |
| | | | ... this month, Sunsuper and QSuper said they were in talks to merge, which could create the country's biggest superannuation fund with $183 billion in assets. |
| | | | A $4 billion industry fund has increased the fee for its ESG option, which is managed by AMP Capital. Legalsuper's Balanced Socially Responsible option will charge investor 10bps more in the indirect cost ratio (now 40bps). The buy-sell spread is also ... |
| | | | ... balance sheets, despite recognising the "financially sound and resilient" nature of the nation's banks, insurers and superannuation licensees. "Although governance, culture, remuneration and accountability are often termed 'non-financial risks', a failure ... |
| | | | Vanguard has announced three new appointments to its Australian executive team, including a lead for its new superannuation offering. Michael Lovett will return to Melbourne from Vanguard's US head office to lead Vanguard Australia's planned superannuation ... |
| | | | Insurance premiums have risen by up to 21% for members of an industry superannuation fund. As of this month, First Super and its group insurer MetLife have bumped up the cost of death, TPD and voluntary income protection cover. According to the fund ... |
| | | | ... contrast to Vanguard which last week said it was updating its direct-to-investor portal and separately, entering superannuation. State Street has been in Australia for close to two decades now and launched the first ETF which, until recently, was the ... |
| | | | Two of the most influential lobbying groups in superannuation have taken vastly different positions on APRA's recently unveiled MySuper heat map. The Financial Services Council and Industry Super Australia have aired uniquely different perspectives ... |
| | | | ... Commission will pale by comparison." Appearing on a panel alongside Gupta, Mercer head of industry and public sector superannuation Jo-Anne Bloch said the super and advice sectors face an "enormous opportunity" to embrace digital advice, however conceded ... |
| | | | The $6.2 billion superannuation fund Media Super has issued a notice to members notifying them that its Income Plus investment option will close effective 5 February 2019. The fund said the ongoing low bond yield environment has put performance of its ... |
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