The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts. In a judgement delivered on 21 February, the country’s largest fund has been given 30 ...

A report advocating for reduced union involvement in super funds was tabled on Thursday on behalf of Senator Andrew Bragg. Tabled just after 5pm on Thursday, the third interim report of the 15-month ...

InvestorDaily understands that funds are largely opposed to the government mandating annuities, following the release of a confidential proposal outlining plans to address the challenges of ...

In what it has called the “first partnership of its kind in Australia”, UniSuper has announced it will launch a digital advice offering for members in June. The super fund, which is the fourth largest ...

AMP is here to play again, says Alexis George, after the firm released its latest financial update, revealing how the sale of its advice business dented its profits. Having successfully completed the ...

Almost a year after it was referred, the parliamentary joint committee inquiry into the wholesale investor test has kicked the can down the road. Last week, the parliamentary joint committee (PJC) on ...

February’s rate decision has been the most anticipated in over a year. For the first time in over four years, the Reserve Bank of Australia has delivered a rate cut, reducing the rate from 4.35 per ...

Magellan is hopeful its new executive leadership structure will help the asset manager tap into sustainable growth, while confirming that Stack’s departure could impact client retention in listed ...

Interest in bitcoin ETFs is on the rise, with retail investors still leading the charge, but cautious institutional involvement is steadily growing. According to Jamie Hannah, VanEck’s deputy head of ...

The ETF manager has reached a new milestone and has now set its sights on $11 billion by the year’s end. Global X Australia has exceeded $9 billion in assets under management (AUM). This comes just ...

Macquarie has become the first major Australian lender to exit the Net-Zero Banking Alliance (NZBA) following a series of exits last year by its US banking peers in the wake of Trump’s re-election. In ...

The investment chief of the $139 billion fund UniSuper has doubled down on his scepticism of cryptocurrency. The CIO of UniSuper, John Pearce, described the recent rally in cryptocurrencies as a “sign ...