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Telstra confirms sale of AAS to Link
Telstra has confirmed the sale of its superannuation administration subsidiary, Australian Administration Services, to Link Market Services.
Super Review revealed Link as the frontrunner for the acquisition of AAS in Tuesday’s online newsletter.
AUTHOR
Mike Taylor
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The corporate regulator has launched civil proceedings against Equity Trustees over its inclusion of the Shield Master Fund on super platforms it hosted, but other trustees could also be in the firing line.
The shadow minister for financial services says reworking the superannuation performance test to allow investment in house and clean energy risks turning super into a ‘slush fund’ for government.
Australia’s superannuation sector has expanded strongly over the June quarter, with assets, contributions, and benefit payments all recording notable increases.
The Super Members Council (SMC) has called on the government to urgently legislate payday super, warning that delays will further undermine the retirement savings of Australian women.
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