superannuation funds

Superannuation

Superannuation funds may not have been responsible for the $150,000 early release fraud being investigated by the Australian Federal Policy but their members will ultimat...

Superannuation

Northern Trust launches ESG analytics service

The enhanced service, in partnership with IdealRatings, will track equities and corporate bond portfolios to provide super funds with a “holistic view” of investments. ...

Funds management

Australia draws $68b in private capital

Australia is well-positioned to be at the forefront of the future of private capital, with total private capital assets under management reaching a record $68 billion. ...

Funds management

Revalue unlisted assets more frequently – super funds told

Major consultancy Willis Towers Watson is arguing that super funds should be revaluing their unlisted assets more frequently to deal with the current volatility....

Policy & Regulation

Before COVID-19 ASIC was investigating mostly retail funds

The Australian Securities and Investments Commission was only conducting five investigations relating to industry funds compared to 16 relating to retail funds. ...

Financial planning

COVID-19 inquiries prompt new calls for intra-fund advice extension

Confronted by almost record levels of inquiries to call centres, superannuation fund executives have again canvassed extending the scope of intra-fund advice. ...

Superannuation

Industry funds revalue unlisted assets

Both AustralianSuper and UniSuper have been reported as having imposed a downward revaluation of their unlisted assets....

Superannuation

Are super funds facing coronavirus liquidity issues?

Superannuation industry executives have acknowledged the potential for funds to run into liquidity issues because of the downturn and risk to jobs in the travel, hospital...

Financial planning

Super funds back MySuper deductibility of advice fees

The Federal Government is being confronted by an increasingly united front on the need to retain the deductibility of advice fees from MySuper products....

Funds management

IFM maintains silence on remuneration

Industry funds-owned IFM Investors has maintained its relative silence on how it remunerates its executives, arguing that a key parliamentary committee is seeking more in...

Policy & Regulation

No loopholes, no carve-outs insist coalition of consumer groups

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

Financial planning

How the cost of an SOA rose 10% inside 12 months

Financial Planning Association chief executive, Dante De Gori has pointed to the impacts of increasing regulatory oversight with the cost of generating a statement of adv...

Policy & Regulation

No recourse to members’ money for super funds that err

Superannuation fund trustees will not be able to resort to members’ funds held in trust to pay civil penalties arising from the new Financial Accountability Regime....

Financial planning

Intra-fund advice has created advice unfairness

A West Australian adviser has told the Federal Treasury that industry funds have been allowed to hide behind intra-fund advice and to create an environment that favours o...

Funds management

Hume lashes IFM Investors over $12.7m bonus

Industry funds-backed IFM Investors has taken a lashing from the Assistant Minister for Financial Services, Senator Jane Hume, over its payment of $12.7 million bonus to ...