In Australia, there are a number of different types of superannuation funds, including not-for-profit industry funds, corporate funds and retail funds, the latter of which are largely provided by the big banks. The royal commission has revealed some of the behaviours and activities in those bank...
Inquiry hits Australian superannuation Everything from charging dead people fees to trustees nixing mergers out of self-interest has emerged, as royal commission hearings have exposed big flaws in the world's fourth-largest pension system.
Other highlights in the top 25 include: Australia, at 7th, which is the highest-ranked non-European country in the index. The country scores well in retirement finances due to its superannuation pension fund system, currently worth $3.5 trillion, fifth-largest in the world. Meanwhile, France,...
The NAB bank was founded in 1982 as the National Commercial Banking Corporation of Australia Limited. Today the bank is called National Australia Bank and it is one of the biggest financial institution in Australia. It competes strongly in terms of number of customers, earnings and market capitali...
Investors regularly use the ASX 300 as a benchmark for superannuation portfolios and managed funds due to its exposure to smaller companies. There’s currently one Exchange Traded Funds (ETF) that tracks the performance of the S&P/ASX 300: Vanguard Australian Shares Index (VAS) ...
Origin country:Australia Firstlinks (formerly Cuffelinks) is a publishing service providing content written by financial market professionals with experience in wealth management, superannuation, banking, academia and financial advice. 10.The Smart Investor ...
s investment infrastructure. For example, the fund anagement industry utilizes the S&P/ASX 200 and other S&P/ASX Indices to serve as the investable universe for active investment strategies and to benchmark fund performance. Likewise, asset owners, such as superannuation funds, use S&P/ASX ...
In October 2023, SS&C Technologies Holdings, Inc. completed the acquisition of the managed funds administration (MFA) business from Iress Limited. The acquisition adds around 150 team members to SS&C's Global Investor & Distribution Solutions, aiming to enhance services in Australia and strengthen its...
It also instantly calculates taxes and superannuation. Organized and timely invoicing. MYOB Business allows you to make invoices and send them via any device. Setting automated invoices and tracking whether your customers have viewed them are possible with this software, too. Data-driven. Since it ...
We advised Smartshares on the purchase of the management rights of the ASB Superannuation Master Trust from ASB Group Investments Limited. Read more First New Zealand law firm to join Net Zero Lawyers Alliance We are the first New Zealand law firm to sign up to the Net Zero Lawyer...