Following a ‘solid’ quarter for retail funds, new analysis suggests they are narrowing the five-year return gap with their industry super counterparts....
Super funds suffered the second-largest exodus of advisers last year amid the government’s decision to allow funds to expand their advisory powers....
Industry funds have vastly outpaced their retail fund counterparts, gaining $10 billion over the last 12 months. ...
Net assets per adviser in self-managed superannuation funds have more than doubled since 2019 as the adviser exodus means remaining firms are taking on more clients....
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones....
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers....
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members. ...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...