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
Page 15 - Future Super News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Industry demographics highlight challenges for some funds
A review of industry demographics, focusing on account size, age and gender, reveals significant dispersion amongst funds. This creates challenges for the superannuation ecosystem.
Source: professionalplanner.com.au
APRA slaps conditions on Diversa
The regulator has placed additional conditions on the trustee's RSE licence, flagging serious concerns with Diversa's ability to manage risks and deliver quality outcomes for members.
Source: financialstandard.com.au
Bloom raises $500,000 in seed funding
Fintech Bloom Impact has raised $525,000 in seed round funding.
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