Kinetic Super has renamed the group’s financial services company from eo Financial Services to Kinetic Financial Services.
In April the group announced it would consolidate the divisions of Professionals Association Super under the new name, Kinetic Super, to launch a single MySuper product to target Australians’ increased mobility in employment.
The financial services company which forms part of Kinetic Super’s trustee offices group will now fly under the brand name Kinetic Financial Services and will deliver the same Trustee services.
Superannuation fees have continued their multi-year decline, as fund consolidation and index investing deliver scale efficiencies for members.
Super funds demand fast passage of payday super laws, while small business advocates warn of cash flow pressures and compliance risks.
The superannuation industry could move faster on personalisation, according to MLC, and the fund has identified three core areas where it will be focusing its personalisation efforts over the next 12 months.
The Actuaries Institute has released a framework to help super funds deliver affordable guidance and advice to millions approaching retirement.