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Superannuation

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
IMF Bentham and William Roberts Lawyers will bring a class action against MLC's super fund trustee NULIS Nominees relating to excess fees charged to members for adviser commissions.

MySuper lacks risk and return correlation: Research

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
New research suggests investment objectives of superannuation funds should be assessed on their own merit as the level of risk does not always directly link to returns.

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago.

LGIAsuper to stand on its own

HARRISON WORLEY  |  TUESDAY, 9 JUL 2019
Queensland-based superannuation fund LGIAsuper has doubled down on its efforts to rebuke the current trend of consolidation sweeping the sector.

PYSP communication divides opinion

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
Industry opinion as to how effectively the Protecting Your Super reforms were communicated is mixed, according to Financial Standard's recent spot poll.

Industry funds surge ahead in satisfaction

KANIKA SOOD  |  MONDAY, 8 JUL 2019
Industry funds have widened their lead over retail funds in how satisfied their members are with their fund's financial performance over the last 12 months, according to latest Roy Morgan research.

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
A $5.6 billion superannuation fund will increase insurance premiums as part of the Protecting Your Super changes after recently reducing costs for members.

Super fund appoints new asset consultant

ELIZABETH MCARTHUR  |  MONDAY, 8 JUL 2019
A $30 billion super fund has appointed an asset consultant, replacing Willis Towers Watson.

PYSP queries inundate super funds

KARREN VERGARA, JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2019
Superannuation funds are struggling with a barrage of Protecting Your Superannuation Package queries from members, leaving many frustrated and waiting on the phone.

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight.