The strength of investment markets and generally improved member sentiment have seen growth in superannuation assets rebound strongly from the impacts of the Government early release superannuation regime.
Life insurers are not yet out of the woods on disability income insurance and should remain under scrutiny by the Australian Prudential Regulation Authority, according to the Actuaries Institute.
IOOF will take control of National Australia Bank’s MLC Wealth subsidiary at midnight on Tuesday, officially completing the bank’s partial retreat from the troubled wealth management sector.