Page 26 - Rainmaker Information News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After failing to meet APRA's 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 don't 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 sector's biggest funds - including AustralianSuper, Aware Super and Hostplus - went from strength to strength, according to data from financial regulator APRA. Big funds suffered account closures too but they were offset by more members signing up. Sector leade...

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...