Despite a 1.8 per cent drop in US stock markets last week, the superannuation sector is still likely to deliver members positive returns in May, says SuperRatings.
Superannuation funds are in the process of collecting “unprecedented” amounts of member data that will be used to create hyper-personalised services, says Bravura.
BT Financial Group has cut the interest rate it pays on cash held on the Asgard platform by 12 basis points.
Superannuation funds continued their gains in April, with the median growth fund returning 1.5 per cent for the month, according to Chant West.
The First Home Super Saver Scheme contained in Tuesday’s federal budget could create administration problems for superannuation funds, says ASFA.
ASIC’s Cathie Armour reappointed until 2022
IOOF appoints former Zurich executive
Western Asset hires investment specialist
Finding consistency in equity markets
Reasons to expect a return to normality
European Union at the crossroads