APRA has accused superannuation fund board members of failing to pursue mergers that are the in the best interests of members for “short-term, self-interested” reasons.
BT has announced a dramatic simplification of its superannuation, platform and trustee structure as part of the firm’s $630 million spend on Panorama.
Retail superannuation funds need to focus more on fund members below the age of 45 as the Baby Boomer generation moves into the drawdown phase, according to Tria Investment Partners.
Northern Trust has been named by the Commonwealth Superannuation Corporation as its preferred custody and administration services provider for a sixth year.
The median balanced superannuation fund option delivered a return of 1.1 per cent in February despite the recent strength in equity markets, according to SuperRatings.
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