More than half of young people aged 18–34 are already worried about having enough super to retire, despite being decades away from retirement, according to a Rest member survey.
Fund managers believe the move to internalisation has meant a greater focus on internal teams and less on the chief investment officers, according to Frontier, as it identifies internalisation as a challenge for them.
Months into potential merger talks at the request of significant shareholders, the two industry super fund-owned firms have now offered an update on the state of affairs.
According to Insignia CEO, Renato Mota, opening the advice arena to super funds alongside technological advances, can help a largely underserved “middle Australian” population from falling through the cracks of financial advice.
As women assume leadership roles, it is essential for them to scale their impact by mobilising team members to create value for their organisation, according to an REA Group executive.
Two major reports have assessed Australia’s rank on the global superannuation stage and what the country can do to improve its ranking next year.
Prime Super chief executive, Lachlan Baird, is to depart the $6.7 billlion fund after almost two decades.
Mercer Investments is to provide investment management to members of ING super fund Living Super, which is set to transfer via successor fund transfer into OneSuper.
As it endeavours to strike a balance between implementing a clearer and simpler regulatory framework while still holding industry to account, the prudential regulator has shared its take on claims of ‘overregulation’.
Over 65 per cent of flows into the $4.3 trillion funds management industry come from superannuation, according to a report by KPMG and the FSC, but unintended consequences have arisen from the performance test.