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Following on from obtaining a public offer licence in May, a $60 billion industry superannuation fund is opening its doors to family and former members with a new Personal Accounts product.
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Competition in superannuation is gathering pace with the entry of gigSuper, the latest boutique direct product aimed at a niche market.
Two industry funds with more than 75,000 members are the latest to embrace Decimal Software's robo-advice offering.
Challenger retirement income chair Jeremy Cooper believes the superannuation industry and its regulators need to address an inconvenient truth: the system is wholly unprepared for retirees.