POWERED BY MOMENTUM MEDIA
MLC reaches $64.2m class action settlement
Law firm Maurice Blackburn has announced it has reached a settlement with MLC over a class action alleging delays in transferring members to MySuper products.
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.
How are funds leveraging operational alpha?
While Australian super funds continue to generate impressive long-term returns, the volatility of those returns has put the spotlight on the impact of fees and costs, a new report has shown.
AUTHOR
Jessica Penny
GDP print reveals economy sustained by population growth, government spending
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
Superannuation industry backs government’s new fee model for financial advisers
The superannuation industry is widely supportive of the government’s update on DBFO, after it was revealed funds would have two options for charging fees for the advice provided by the new class of adviser.
Super funds gain flexibility in fee models under advice reforms
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
AUTHOR
Maja Garaca Djurdjevic
Deloitte proposes key improvements at Cbus
Cbus has publicly released Deloitte’s independent review of the fund, which found that while the directors met the fit and proper criteria, improvements need to be made to enhance transparency and rigour in assessing board skills and collective expertise.
ART on track for $500bn by 2030, says Morningstar
The country’s second-largest fund has a strong enough investment team to warrant continued conviction, a research house has said.
AUTHOR
Jessica Penny
Super funds failing to curb gas industry growth: Market Forces
New analysis has revealed that Australia’s largest super funds are “failing to use the power afforded to them” to rein in oil and gas expansion plans.
AUTHOR
Jessica Penny
TelstraSuper and Equip Super proceed with $60bn merger
The deal will create a combined fund with more than $60 billion in funds under management and over 225,000 members.
AUTHOR
Jessica Penny
Prime Super announces revamped leadership team
The retirement of two long-serving executives has presented an opportunity to consider operations and avenues for future growth, according to the fund.
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.
