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The five threats to super fund survival

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... come along much later than usual. While Australia's first mega-fund - of around $200 billion in funds under management - is not too far away, the firm notes recent trends have seen members lugged with higher fees to pay. SS&C pointed to the recent decision ...

Regal Atlantic fund down 58.6%

KANIKA SOOD  |  MONDAY, 20 APR 2020
... positions in the education, financial and consumer discretionary names made a positive contribution to the portfolio but were not enough to offset the long holdings' large declines during the month. "However, we do feel the longer term track record ...

Aberdeen Standard global equities funds downgraded

KANIKA SOOD  |  MONDAY, 20 APR 2020
... promotion brings additional people management and commercial development responsibilities, it's important to note he will not be assuming portfolio management duties here, alleviating concerns that this "long-term quality" investment approach will undergo ...

CBA Group Super posts -7.7% returns for March quarter

KANIKA SOOD  |  MONDAY, 20 APR 2020
... COVID-19 volatility, pushing its one-year returns into the negative territory while longer-term remain buoyant. The average not-for-profit superannuation fund's posted -9% in returns for the month of March, based on analysis of 15 de-identified funds ...

SuperFriend bolsters support offerings as demand peaks

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... aggressive. This can be even more difficult to manage when working remotely, whether by phone or online," Lydon pointed out. "If not managed empathetically and effectively, customers experiencing distress or anger can escalate quickly. It also impacts ...

Recruitment, salaries slide in financial services

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... director Matt McGilton said. The update was in stark contrast to an earlier update. On January 31, McGilton said he could not recall a busier time for recruitment than the end of 2019 and found the pace of hiring increasing still in January 2020. "We ...

Court restricts Mayfair advertising

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... Group of companies reminds investors prior to investing in the products offered by the Mayfair 101 Group that: Mayfair 101 is not a bank, and nor are any of the companies in the Mayfair 101 Group. Therefore, the Mayfair 101 Group is not regulated by ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... spokesperson told Financial Standard that while official applications for the COVID-19 early release of superannuation did not open until today, a large number of Australians had registered their interest. As at the end of 16 April 2020, the ATO had ...

Law firm cuts pay

ALLY SELBY  |  MONDAY, 20 APR 2020
... Slater and Gordon chair James MacKenzie said the changes would assist the law firm to respond to the spreading pandemic. "While not specifically related, these actions show we continue to take sensible steps to strengthen the company's balance sheet ...

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... heads would have certainly added to the body count from the infection and deaths wrought by the coronavirus had the pandemic not prompted the powers-that-be into postponing (to later this year) the annual meetings of the National People's Congress (NPC) ...