Are you with the top 10 super fund of 2022–23?

SuperRatings/esssuper/hostplus/Australian-retirement-trust/

| By Rhea Nath |

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super.

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SuperRatings

esssuper

hostplus

Australian retirement trust

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Internal compliance costs surpassing $1m annually for licensees

Holley-Nethercote/law/compliance/audit/

| By Laura Dew |

Financial planning

Two-thirds of all licensees are paying over $1 million annually in internal compliance costs, including 13 per cent of those with less than 100 staff and representatives, according to Holley Nethercote.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The sole business model to see positive growth

Wealth-Data/Colin-Williams/adviser-numbers/accounting/

| By Laura Dew |

Financial planning

The financial planning-accounting business model is the only one to have seen growth in its adviser numbers since 1 July 2022, according to Wealth Data.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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CFS agrees $100m super class action settlement

class-action/Superannuation/Slater-and-Gordon/CFS/

| By Laura Dew |

Superannuation

Colonial First State Investments has reached an in-principle settlement regarding a superannuation class action about grandfathered commission.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Albanese names RBA successor for Lowe

RBA/Jim-Chalmers/interest-rates/Phil-Lowe/

| By Laura Dew |

Funds management

Prime Minister Anthony Albanese has announced the successor for Philip Lowe at the Reserve Bank of Australia.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Lowe to go at RBA

RBA/Philip-Lowe/interest-rates/

| By Laura Dew |

Funds management

It is understood Reserve Bank of Australia governor, Philip Lowe, will not be re-appointed to the governor position with a decision due to be made later today.

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RBA

Philip Lowe

interest rates

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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FRAA makes 5 recommendations for APRA

APRA/FRAA/john-lonsdale/

| By Laura Dew |

Superannuation

The Financial Regulator Assessment Authority has released its review of the Australian Prudential Regulation Authority.

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APRA

FRAA

john lonsdale

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The 3 things missing from the QAR

phil-anderson/QAR/quality-of-advice/Holley-Nethercote/statement-of-advice/

| By Laura Dew |

Financial planning

Three things are missing from the government’s formal response to the QAR, according to the FAAA’s Phil Anderson, while a panel has shared why they believe the QAR should help the profession return its focus to advice delivery.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Platforms FUM falls below $1tn

platforms/Platforms-&-wraps/FUM/insignia-financial/CFS/amp/BT/

| By Rhea Nath |

Financial planning

Wraps, platforms and master trusts FUM declined to $982.5 billion over the year to end of March 2023, although some market leaders like HUB24 and Netwealth experienced double-digit growth.

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AUTHOR

Rhea Nath

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When will the QAR progress to Parliament?

phil-anderson/QAR/quality-of-advice-review/Stephen-Jones/

| By Laura Dew |

Financial planning

The FAAA’s Phil Anderson has shed light on when advisers could see any update from the government on the progression of the Quality of Advice Review changes.

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phil anderson

QAR

quality of advice review

Stephen Jones

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Are you with the top 10 super fund of 2022–23?

AUTHOR

Rhea Nath

Rhea 's social profiles:

Internal compliance costs surpassing $1m annually for licensees

AUTHOR

Laura Dew

Laura 's social profiles:

The sole business model to see positive growth

AUTHOR

Laura Dew

Laura 's social profiles:

CFS agrees $100m super class action settlement

AUTHOR

Laura Dew

Laura 's social profiles:

Albanese names RBA successor for Lowe

AUTHOR

Laura Dew

Laura 's social profiles:

Lowe to go at RBA

AUTHOR

Laura Dew

Laura 's social profiles:

FRAA makes 5 recommendations for APRA

AUTHOR

Laura Dew

Laura 's social profiles:

The 3 things missing from the QAR

AUTHOR

Laura Dew

Laura 's social profiles:

Platforms FUM falls below $1tn

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Rhea Nath

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When will the QAR progress to Parliament?

AUTHOR

Laura Dew

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