Small super funds should explore easier way to merge
Smaller funds are often under-performing and taking up the regulator’s time. But merging is an often-costly process, so what are the options?
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Smaller funds are often under-performing and taking up the regulator’s time. But merging is an often-costly process, so what are the options?
In the media Parliamentary committee questions adviser jail penalty for record-keeping MEDIA – 4 February 2021 – A Parliamentary Committee has questioned why financial advisers should face the risk of five years' jail for record-keeping failures under legislation flowing from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services due to be debated by the Parliament. More... FPA calls for review of unsustainable ASIC levy as the regulator seeks guidance on affordable advice FPA – 3 February 2021 – The FPA has made six recommendations in its Budget S...
2020 was a record year for Australian ETFs Emma Rapaport | 08 Feb 2021Text size If you'd told me in March that 2020 was going to be a record year for Australia's ETF industry I'd tell you to pull the other one. Assets under management fell sharply in the covid-19 market sell-off, with several major asset classes in decline. But investors defied expectations, exploiting the free-fall in March to boost their allocation to Australian equities ETFs. A dash to safety also attracted inflows to products with exposure to physical gold, while massive rebounds in ...
February 4, 2021 10:06 Sling & Stone has appointed Brian Giesen in the newly created role of head of social and content for Australia and New Zealand. Giesen developed his specialisation in social and content during his 16 years at Ogilvy Public Relations in Sydney and Washington DC. Notably, he was a founding member of Social@Ogilvy, spending six-and-a-half years as its director. Giesen joins Sling & Stone with an extensive background in social and content After stints at Coca-Cola, the Commonwealth Bank and Ebay in the social teams, Giesen joins Sling & Stone from Atomic 212 where he’s ...
‘Enormous room for conflict of interest’ in Future Super: Wilson Lachlan Maddock 03 February 2021 Ethical retail fund Future Super has defended its investments in a number of passive products amid accusations that consumers “are being misled”. Fronting the standing committee on economics, ethical retail fund Future Super copped a bipartisan savaging as it tried to defend the fact that 63 per cent of the fund was allocated to two BetaShares ETFs despite marketing itself as an impact investor. “We are in effect active managers of those ETFs b...