Page 4 - Rainmaker Information News Today

NGS Super chief executive Natalie Previtera has expanded her leadership team by promoting three more executives to run strategy, investment operations and legal and governance.

Study findings reveal group insurance could halve premium prices

Fund managers that were recently acquired or have undergone significant structural changes are seeing massive outflows within their unit trust business to the tune of $21 billion.

Within the decade, retirees will own more than half of all superannuation funds under management (FUM), Rainmaker Information forecasts.

HESTA has delivered a 9.59% return for its balanced growth investment option.

The recent surge in equities should see MySuper products return an average of 9% for FY23, according to Rainmaker Information - a finding supported by those funds that already released figures.

Following a review of its investment menu, BUSSQ opted to close two of its options last month.

Hostplus is closing its infrastructure and property investment options, redirecting roughly $300 million in assets to balanced options. At the same time, its introducing six new investment options, two of which are indexed.

Rainmaker Information research shows that investors in exchange-traded products (ETPs) have struggled to consistently beat market returns.

Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments.