AMP has completed its sale of SuperConcepts to private equity firm Pemba Capital Partners.
As the new financial year kicks off, multiple changes to superannuation funds will take effect this month including an increase in the Super Guarantee and transfer balance cap.
Responsible Investment Association of Australasia chief executive, Simon O’Connor, is to step down from the organisation after more than a decade.
The corporate regulator has pulled up super trustees on their efforts to consolidate duplicate member accounts after a review found poor practices in both industry and retail funds.
Over half of Australian advisers are now authorised to write retirement solution MyNorth Lifetime under their approved product lists since its launch in October last year.
A relevant provider who encouraged a client to switch superannuation funds without obtaining the necessary information is the subject of the Financial Services and Credit Panel’s latest complaint.
Damian Moloney, based in AustralianSuper’s London office, has been named deputy chief investment officer of the $300 billion super fund.
A fund member has raised concerns about HESTA’s representations of its climate credentials and engagement strategy, which may amount to misleading and deceptive conduct.
Following the successful merger of Brighter Super with Suncorp Super, the Sunshine State is now home to two of Australia’s fastest-growing superannuation funds.
Resilient sharemarkets have been attributed as the main driver of returns, with the median growth fund return expected to sit at about 8.5 per cent by the end of June, according to Chant West.