APRA imposes licence conditions on Diversa
The prudential regulator has imposed additional licence conditions on Diversa Trustees over concerns it is failing to meet regulatory and compliance obligations.
AreaWealth appoints former Goldman Sachs MD as chair
Wealth management platform AreaWealth has appointed former Goldman Sachs managing director Andrew Rennie as chairman of its board.
Super performance: Industry funds offering best returns long term
The average balanced super fund option lost almost 5 per cent, with only two being able to boast a positive return for the year, according to research from Super Ratings. Only one option returned above 1 per cent – from a retail firm – but over a longer period the data backs industry funds.
Equipping members for a better retirement experience
The industry has spent its 30-year existence focusing on accumulation but with a plethora of Australians entering the retirement phase, funds have to shift their mentality into building a comprehensive member experience, according to Equip.
Understanding the super fund landscape
Combining insights around size and growth rates provides a better understanding of the super fund landscape. For some the future is certain and bright. For others there is uncertainty and work ahead.
Semi-retirees worry about money the most
41 per cent of semi-retirees worry about money every week because they are not in the ‘groove’ of retirement, a study from Fidelity and MYMAVINS has found.
HUB24 launches ESG ratings function
Adviser platform HUB24 has launched an additional ESG ratings functionality on its platform, providing advisers with access to data-driven insights and reporting metrics for selected managed funds and over 350 Australian-listed securities.
HSBC partners with AIST
HSBC Australia has partnered with the Australian Institute of Superannuation Trustees (AIST) to help collaborate and inform members of key industry trends and insights that can assist with international mandates.
Praemium H1 inflows drop 53%
Praemium has seen inflows cut in half during the first half of the new financial year with half-yearly net inflows dropping 53 per cent from $2.19 billion to $1.02 billion.
Govt consulting on policy to use super funds of child abusers for compensation claims
Treasury has released a consultation paper outlining two complementary proposals that would provide for the release of a child sex abuser’s superannuation for the purpose of satisfying unpaid compensation claims.
Netwealth sees 10pc FUA boost and enhanced offerings to end 2022
Netwealth has seen a 10 per cent boost in funds under administration despite negative market movements.
Super industry flows: AustralianSuper, HUB24 lead the way
The net inflow profile of the industry throws up a few surprises. AustralianSuper dominates industry cash flows while HUB24 has the highest growth rate. Many funds have work to do.
