Retail funds take most heat in searing closing comments
NAB came in for the harshest criticism in counsel assisting’s closing submission; meanwhile industry funds copped relatively little.
Machine learning helps State Super take on more risk
State Super’s machine learning project was born out of necessity, but it has allowed the fund to buy up equities despite geopolitical risk.
First State Super backs $1.4 billion build-to-rent platform
First State Super and Lendlease have set up a US$1 billion ($1.4 billion) platform to fund multifamily developments in across the US.
Plans for beefed-up ASIC ‘a sensible move’
Financial Services Minister Kelly O’Dwyer says ASIC will be “embedding dedicated staff” within the big banks.
Royal commission won’t boost Millennial funds: Grow Super
Grow Super says revelations from the royal commission will not translate into greater inflows for upstart funds catering to younger cohorts.
New laws mulled to eliminate temptations
Are temptations in the super sector so unmanageable that they could warrant legislative intervention to eliminate them?
Lifeskills: Big problems with changes to insurance in super
Support for the Protecting Your Superannuation Package legislation may have implications for the retirement incomes of all Australians.
Populism working for US economy: Northern Trust
Trump’s tactics have the US economic outlook looking better than Europe’s and expect more “stuckflation”, investment strategist says.
ASIC puts banks, AMP on notice; IOOF, APRA probed
ASIC expects proceedings soon on fee-for-no-service and a long history of dealings between APRA and IOOF come in for scrutiny.
AMP trustee admits ‘it’s not a perfect system’
Commissioner Kenneth Hayne has questioned whether the trustee overseeing AMP’s various super funds can fulfil its obligations to members.
ANZ flouted own, regulator’s warnings on coupling products
Back in 2011, ANZ had identified an “extreme” risk in using its retail network to sell wealth products, yet the practice continued.
