Finalists unveiled for 35th Fund Manager of the Year Awards

Five finalists will battle it out to win the coveted 2023 Fund Manager of the Year award at this year’s ceremony, including BlackRock Investment Management (Australia), Franklin Templeton Australia, Lazard Asset Management, Macquarie Asset Management, and VanEck.

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AMP issued $24m penalty for billing deceased clients

AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advice.

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MLC Life fined $10m for misleading customers

The Federal Court has ordered MLC Limited pay a $10 million penalty for failing to pay promised benefits, resulting from a lack of appropriate systems to administer its insurance policies.

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Hostplus surpasses $100bn in FUM

The industry super fund has exceeded $100 billion in funds under management, underpinned by its numerous mergers and strong member growth.

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Insignia Financial names head of super

Mark Oliver, chief distribution officer at Insignia Financial, has taken on new responsibilities as head of superannuation at the business.

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Abood remains on the fence on super funds providing advice

According to FAAA chief executive Sarah Abood, superannuation trustees delivering advice to members during their transition to retirement could present more risks than benefits.

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Former Media Super CIO joins Foresters Financial

The member-owned financial services company has announced the appointment of Michael McQueen, former chief investment officer at Media Super, to its executive team.

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Super funds to raise the bar on boardroom gender balance

Some 26 superannuation funds could vote ‘against’ male director re-elections in ASX201–300 companies that fall below gender diversity targets, as per new ACSI voting policy.

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TAL launches learning platform for super funds

The newly launched TAL Insurance Academy platform would offer on-demand education and training for its superannuation fund partners to support their teams.

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Super funds will lose money on rental properties, warns CEO

A build-to-rent insider says Labor’s tax concessions won’t help super funds generate a return on rental accommodation because the cost of capital is too high.

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Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

10 months 3 weeks ago
Kevin Gorman

Super director remuneration ...

11 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

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The CEO of Cbus has defended the fund’s relationship with the CFMEU....

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The $89 billion fund has announced a new leadership role within its private markets team....

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