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While robo guidance can be a good way to invest at low cost and their use is expected to grow, it is unlikely to replace face-to-face financial advice.

While robo guidance can be a good way to invest at low cost and their use is expected to grow, it is unlikely to replace face-to-face financial advice.

Superannuation continues to break milestones, reaching $3.4 trillion in the year to September.

Superannuation fund fees are in decline in Australia, with retail funds closing the gap with their not-for-profit competitors. Industry expert Rainmaker thinks Australia might become the world's best value superannuation system over the coming five years

New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%.

After failing to meet APRAs inaugural performance test, Colonial First State (CFS) has appointed BlackRock to run strategies across its two MySuper funds.

The share of funds under management held in lifecycle MySuper options has almost doubled in the last eight years as single strategy products drop off, but member balances at age 65 still dont quite stack up.

Invesco has picked up a $23.1 billion contract to run passive investment strategies across the former ANZ Bank superannuation funds in what is believed to be the nation’s largest external investment mandate.

Shrinking superannuation numbers hit by COVID and consolidation Money by Anthony Keane Premium Content Subscriber only Seven out of 10 superannuation funds suffered a fall in member numbers last financial year, impacted by the COVID early release scheme and other government changes. But the super sectors biggest funds - including AustralianSuper, Aware Super and Hostplus - went from strength to strength, according to data from financial regulator APRA. Bi...

Wholesale managed funds charged average fees of 0.77% p.a. in 2020, resulting in $4.5 billion in fee revenue, according to findings from Rainmaker...