Super funds are ramping up their financial advice offerings, with ART confirming it is already on the path to implementing a new single intra-fund advice program.
The $85 billion fund has commenced a search for two new directors as it bids farewell to Sally Evans and Julia Fox.
The acquisition, when completed, will see Australian Ethical grow its funds under management to circa $12.3 billion.
Weighing up the capacity problem onshore against enticing opportunities offshore, two of Australia’s largest super funds have shared their approach when it comes to hunting for billion-dollar deals.
While super funds have been urged to lift their game on retirement income, new ABS data finds almost half of Australians still cite the government pension as their main income source at retirement.
The RBA’s latest minutes portray a sense of concern amid stronger-than-expected inflation alongside a weaker economy.
ASIC has unpacked the importance of strengthened penalties as part of its market supervision and how it determines regulatory action.
The transition of services took effect last month.
The newly created role, reporting to the COO, comes amid the fund’s redesign of its operating model.
The merger, first announced in December 2022, was due to be completed in mid-2024.