SMSFundamentals: Reality Tough For Super Disruptors
The superannuation disruptor segment has shrunk to half its peak size, with funds exiting the market in recent years having failed to resonate with the target audience
Source: fnarena.com
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Super disruptors call it quits
New data shows superannuation disruptor products have failed. According to Rainmaker Information, the vast majority of superannuation disruptor products, purpose-built for young fund members have ei
Source: investordaily.com.au
Super disruptors throw in the towel
The number of Millennial-targeted super funds continue to fall by the wayside, halving to just 14 nearly a decade after attempting to disrupt the superannuation sector.
Source: financialstandard.com.au
GigSuper sues trustee Diversa over forcing abrupt shutdown
A start-up super fund aimed at self-employed Australians that was shut down after it failed to reach scale has sued its trustee for breach of contract.
Source: afr.com
Diversa Trustees CEO bagged employees, swore excessively: claim
Andrew Peterson allegedly retaliated against an executive concerned about “excessive swearing” and Diversa’s “poor oversight of its regulatory obligations”.
Maurice Blackburn Fiona Mcnabb George Aivazidis Josh Bornstein Compliance Services Pty Ltd Investments Commission
Source: afr.com
GigSuper folds, administrator takes over
Startup superannuation fund GigSuper is now in administration less than five years after it launched.
Source: financialstandard.com.au
Why Vanguard won't let rivals on its trading platform
The asset manager has quietly onboarded 110,000 investors to its two-year-old Personal Investor platform, but says it will never become a Robinhood-style “product supermarket”.
Source: afr.com