Rainmaker Information News Today

The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals.

Rainmaker Information will welcome Aman Ramrakha as executive director, research this month.

Brighter Super is shuttering both of its responsible investment options, saying it is in the best interests of members. It comes as the fund streamlines its investment menu to offer just one set of options.

Analysis shows an annuity that pays an income equivalent to the Age Pension would cost a retiree more than $500,000.

Vanguard Super has amassed $1 billion in funds under management in just over 12 months, while delivering the best-performing Lifecycle MySuper option of 2023 and quietly rolling out a retirement offering at half the cost of the incumbents.

Financial planners are already in short supply. This is how AI can help them spend more time with clients.

JANA has been selected as the investment consultant for the Tasmanian Retirement Benefits Fund (RBF).

The number of financial advisers authorised to advise on managed discretionary accounts (MDAs) has dropped just 6.1% in the past three years, despite the total number of advisers falling much more.

Australian Ethical is transitioning its administration to Grow Inc in 2024, while also aspiring to accelerate growth in response to an increasing preference for ethical investments, says chief executive of superannuation Ross Piper.

Make sure you are in a well-performing super fund now that new rules apply, writes Rod Myer.