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07 September 2016 • By • 1 min read

ING Direct to refund $5.38m in super fees

Living Super, ING Direct's super product, will compensate 24,500 of its members $5.38 million in fees after ASIC raised concerns about misleading ...

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New call for super fee transparency

Super funds should disclose the returns for each asset class in order to give investors a clearer picture of investment performance, argues a new CIFR ...

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NAB Asset Servicing completes Citi transition

NAB's custody division has today gone live with Citigroup as its global custodian, replacing Bank of New York Mellon. In a statement, NAB Asset ...

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Melbourne Cup Day rate cut on the cards

The RBA is likely to cut the official cash rate to 1.25 per cent on 1 November if domestic inflation figures are lower than expected, says AMP ...

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FOS review points to 'inappropriate advice'

The annual review of the Financial Ombudsman Service (FOS) has highlighted inappropriate advice as the main reason for investments and advice disputes ...

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Invest thematically in low-growth world: PGI

Sluggish global growth and low interest rates mean investors should look to macro-economic themes to find more strategic investment opportunities, ...

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Man Group expands institutional team

Man Group has appointed Chris Comino as institutional sales manager in the company’s Sydney office. Mr Comino makes the move to Man Group from HSBC ...

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RBA holds interest rates in September

The Reserve Bank of Australia has kept the official cash rate on hold at 1.5 per cent at its September 2016 board meeting. The RBA has resolved to ...

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MySuper becoming a ‘conscious choice’: BT

Increased product availability within the MySuper regime is starting to attract ‘choice’ members as well as SMSF trustees, says BT Financial Group

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AllianceBernstein to acquire asset manager

AllianceBernstein has announced a definitive agreement to acquire Ramius Alternative Solutions LLC, a global asset manager with more than US$3 billion ...

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