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| | | A review by ASIC has found evidence of poor oversight of advice fee deductions by superannuation trustees, with some allowing charges of up to $20,000 before raising concerns and some not conducting any checks of advice documents at all. ASIC is calling ... |
| | | | ... recent years it has become increasingly clear that in many cases member services provided by superannuation funds are falling short of these expectations. In particular, we have observed that services are too often slow, unresponsive, and not member ... |
| | | | ... markets are inherently volatile. "We can never predict with a high degree of confidence what the future will hold over the short to medium-term," Mercer said. "Therefore, for most individuals, the power of investing may well be harnessed through securing ... |
| | | | ... flexible credit solutions with a wide remit to take advantages of opportunities in Special Situations, Distressed Credit, Short-Term and Long-Term opportunistic lending. AMP said the new fund's allocation will be spearheaded by AMP's private markets ... |
| | | | Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds. An overwhelming number of members are goaded into leaving ... |
| | | | ... more funds to focus more on the passive management side and reduces more of that active management. It also encourages more short-term investment decisions as funds are now actively managing the performance test, they're more looking from a horizon ... |
| | | | David Carney is stepping back from managing Vital Business Partners (VBP), appointing Nathan Jacobsen to take over as chief executive. Carney co-founded VBP in 2013, leading it as chief executive ever since. Now, he has decided to step back from the ... |
| | | | ... return, risk, peers, regulatory benchmarks, and ESG. Moreover, 33% of those surveyed feel there is too much focus on the short-term - and the long-term maximum benefit may not be the sum of a series of short-term time periods. Interestingly the top challenges ... |
| | | | Treasury is promising to make Australia a better investment hub for foreigners as it lays out comprehensive reforms to make the system "stronger, more streamlined, and more transparent". Treasurer Jim Chalmers today released an updated foreign investment ... |
| | | | Vanguard Super is reducing its annual administration fees off the back of strong investment performance and its short time in the market. All members will see annual administration fee go from 0.35% to 0.33% per year and the admin fee cap lower from ... |
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