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|Statewide Super has hit the refresh button on its approach to risk, prompted by COVID-19 and the Royal Commission.|
|Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.|
|Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.|
|Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.|
|At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.|
|The Financial Sector Union (FSU) has confirmed employees at a number of super funds will receive pay increases in a deal that followed 12 months of negotiation.|
|Self-managed super funds have the edge over their APRA-regulated counterparts, according to insights from Rice Warner.|
|Customers of Qantas Super will see their insurance premiums rise substantially come 1 August 2020 now that the super fund has officially switched insurers to MetLife.|
|Local Government Super (LGS) announced it has been certified carbon neutral through Climate Active.|
|The $54 billion Cbus Super and $6 billion Media Super have signed a memorandum of understanding and will commence due diligence.|
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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