Two superannuation funds are projected to have almost two-thirds of their assets held by retirees in the next decade, according to research by Rainmaker Information.
Two RSE licensees are exploring digital planning services and a third is considering a digital advice tool, but the latest APRA/ASIC thematic review has suggested several areas of caution.
A lawyer specialising in succession law has outlined the main causes for challenges around death benefit nominations in SMSFs and retail funds, which are growing increasingly common.
Australia’s first super fund tailored for women has launched a new investment app with three ethically curated portfolios tailored around the needs and desires of women investors.
Two of Australia’s largest super funds, with over $100 billion in funds under management each, have delivered positive returns although one fell short of double-digit returns.
Scope, competency, and charging arrangements will be the three critical factors when it comes to superannuation funds providing financial advice, according to Minister for Financial Services, Stephen Jones.
One year into its implementation, a joint ASIC/APRA thematic review has found trustees need to make more progress on enhancing retirement outcomes for members under the Retirement Income Covenant.
A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super.
A review has found APRA’s supervision and resolution work in unlisted assets and associated valuation practices may have been “deprioritised”, emerging more in response to media coverage of the issue.
Colonial First State Investments has reached an in-principle $100m settlement regarding a superannuation class action about grandfathered commission.