This week is the last opportunity for super funds to hold the consultants they turn to for everything from asset allocation to merger advice accountable for the services they provide, with Super Review’s survey into the sector closing this Sunday.
The survey would result in ratings of the major consultancy groups, in a move that some within both the super and consulting industries have said is sorely needed. Despite the reliance of funds on consultants, the level of transparency and review available on the service, pricing, and staff they offer is surprisingly lacking.
Please help us determine which consultants are the best at what by completing our survey here by Sunday. It will take under 10 minutes and individuals responses won’t be disclosed.
The results will be revealed both in the next print edition of Super Review, out on 11 July, and in an award at the Super Fund of the Year Awards in Melbourne in August.
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.