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.
Adviser concerns highlight retirement issues for super fund members
Cost of living issues faced by retirees due to inflation dominate adviser enquiries to BT’s technical team, which has fielded enquiries regarding changes to superannuation contributions. The concerns highlight the issues super funds need to engage on with their own members.
Funds pitching for new members in a competitive world: KPMG
The changing regulatory landscape and the breakdown of traditional sources of new members means super funds face greater competition for member growth, and the quality of a fund’s offer and member experience will be key factors.
HUB24 net flows down after recording breaking quarter
HUB24 has received net inflows of $2.8 billion in Q2 FY23, down 23.6 per cent compared to record inflows achieved in Q2 FY22, according to the platform provider.
Apex awarded Capital Prudential Real Estate Master Trust mandate
Capital Prudential Manager has appointed global financial services provider Apex to support the Capital Prudential Real Estate Master Trust.
Hughes to depart ASIC and join Vanguard
ASIC commissioner Sean Hughes will end his term on 3 February 2023, after accepting a role with Vanguard as Australian head of office of general counsel.
Students take on the challenges of engagement and default fund design
Through UNSW’s Sandbox program students recently explored the important challenges of engagement and default fund design. A great example of collaboration to develop industry talent.
DomaCom sees client boost, re-lists on ASX
Fractional investment platform for advisers, DomaCom, has reported customer accounts numbered 2,180 by the end of the December 2022 quarter, 49 per cent year on year (YoY).
Performance test threatens long-term member outcomes
The introduction of the landmark Your Future, Your Super (YFYS) reforms and the subsequent performance test has spurred widespread change in the superannuation sector.
