YFYS test changes pose ‘downside risks’
The FAAA and Chant West remain concerned with how the Your Future, Your Super performance test amendments could impact financial advisers and fund member outcomes.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a journalist at Super Review. Prior to joining SR, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.
FSC board welcomes super fund CEO
Kelly Power, chief executive of Colonial First State Superannuation, has been appointed to the Financial Services Council board.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Finalists unveiled for 35th Fund Manager of the Year Awards
Five finalists will battle it out to win the coveted 2023 Fund Manager of the Year award at this year’s ceremony, including BlackRock Investment Management (Australia), Franklin Templeton Australia, Lazard Asset Management, Macquarie Asset Management, and VanEck.
AMP issued $24m penalty for billing deceased clients
AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advice.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
MLC Life fined $10m for misleading customers
The Federal Court has ordered MLC Limited pay a $10 million penalty for failing to pay promised benefits, resulting from a lack of appropriate systems to administer its insurance policies.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Hostplus surpasses $100bn in FUM
The industry super fund has exceeded $100 billion in funds under management, underpinned by its numerous mergers and strong member growth.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a journalist at Super Review. Prior to joining SR, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.
Insignia Financial names head of super
Mark Oliver, chief distribution officer at Insignia Financial, has taken on new responsibilities as head of superannuation at the business.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Abood remains on the fence on super funds providing advice
According to FAAA chief executive Sarah Abood, superannuation trustees delivering advice to members during their transition to retirement could present more risks than benefits.
AUTHOR
Jasmine Siljic
Jasmine Siljic is a journalist at Super Review. Prior to joining SR, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.
Former Media Super CIO joins Foresters Financial
The member-owned financial services company has announced the appointment of Michael McQueen, former chief investment officer at Media Super, to its executive team.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Super funds to raise the bar on boardroom gender balance
Some 26 superannuation funds could vote ‘against’ male director re-elections in ASX201–300 companies that fall below gender diversity targets, as per new ACSI voting policy.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
