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21 August 2018 • By • 1 min read

Super funds start 2018–19 in the black

The median growth superannuation option has begun the new financial year with a healthy 1.1 per cent return for July, hot on the heels of a 9.4 per ...

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Super fees obsession ‘unhealthy’: Rice Warner

Consumers should be encouraged to focus on the value their fund provides rather than focusing on fees alone, argues Rice Warner. In a statement ...

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AMP super governance under scrutiny

AMP has denied that its superannuation funds are permitted to underperform for five years before the investment committee is obliged to inform the ...

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CBA put aligned advisers before super members

CBA defied a request from APRA to accelerate the transfer of 60,000 members to MySuper in order to placate the bank’s aligned advisers, the royal ...

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Hostplus grilled on corporate ‘entertainment’ spending

Hostplus chief executive David Elia has defended his fund’s expenditure on corporate entertainment, which included $260,000 on Australian Open tickets ...

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NAB’s Andrew Hagger denies misleading ASIC

The royal commission has heard NAB failed to provide ASIC with up-to-date information about its ‘fees for no service’ compensation program as the ...

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Hayne targets industry fund ad spending

Royal commissioner Kenneth Hayne has asked whether industry fund spending on ‘political communication’ breaches the sole purpose test

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IOOF’s conflicts of interest under scrutiny          

IOOF put its own interests ahead of 29,000 of its superannuation members earlier this year when it decided to make fee reductions voluntary rather ...

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Hayne rejects NAB’s efforts to conceal documents

NAB’s efforts to have ASIC documents that list “suspected offending” by the bank kept private have been denied by royal commissioner Kenneth Hayne

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Loss of trust in super could be a positive

The royal commission may well weaken public trust in superannuation, but it could also have the unintended consequence of increasing member ...

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