This week is the last opportunity for super funds to hold the consultants they turn to for everything from asset allocation to merger advice accountable for the services they provide, with Super Review’s survey into the sector closing this Sunday.
The survey would result in ratings of the major consultancy groups, in a move that some within both the super and consulting industries have said is sorely needed. Despite the reliance of funds on consultants, the level of transparency and review available on the service, pricing, and staff they offer is surprisingly lacking.
Please help us determine which consultants are the best at what by completing our survey here by Sunday. It will take under 10 minutes and individuals responses won’t be disclosed.
The results will be revealed both in the next print edition of Super Review, out on 11 July, and in an award at the Super Fund of the Year Awards in Melbourne in August.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.