Crescent Wealth to merge into Russell Investments
Crescent Wealth Superannuation will shut down next month; its members will be moved to the new 'Salaam' division of Russell Investments Master Trust.
Source: financialstandard.com.au
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Corporate Ladder: your weekly guide to executive appointments in SA
South Australia’s premier executive appointments column tracking the movements of those driving the state’s public and private sectors.
Source: indaily.com.au
Government must do more after product failures: FSC, SCA
As the likes of Crescent Wealth and Insignia Financial respond to the 2023 superannuation performance test results, the Financial Services Council (FSC) and Super Consumers Australia have said the government must still do more to ensure members in underperforming products are looked after.
Source: financialstandard.com.au
AMP, Insignia savaged by latest superannuation performance test
Almost 100 of 800 investment options in the so-called “choice” market for superannuation failed the prudential regulator’s earnings and fees benchmark.
Source: afr.com
APRA's performance test sees 96 trustee directed products fail
APRA has announced 96 trustee directed products and one MySuper product failed to meet the benchmark of its 2023 superannuation performance test.
Source: moneymanagement.com.au