... Australia's industry super funds. The investment performed poorly. What interested the Royal Commission was how the industry fund responded to a deteriorating situation. The industry fund became actively engaged with its investment manager and participated ... Read more

... blame "culture" for what we've found. Even at the point where I'd hit 10 years' experience in the Australian industry, I barely knew what the phrase "conflicts of interest" even meant. It was moving to Canada and randomly finding myself doing ... Read more

... the creation) of a general imposition of a not-for-profit (a.k.a. profit-for-member) model which is prevalent amongst industry and corporate funds. The not-for-profit model generally entails that the governing rules provide for the trustee to be paid ... Read more

... Democrats and Independents. If support or seats are lost, expansionary fiscal policy becomes less tenable. If the expected industry harm and rises in prices at Walmart happen, protectionism will look like a tax on American competitiveness and living ... Read more

... way of NFP super funds at the expense of the retail sector. This weight is so heavy that APRA has just reported that industry funds now hold more superannuation savings than retail funds. Combined with the weight of the rest of the NFP sector, superannuation ... Read more

... was more: "So, how do we buy a super fund?" "You'd be amazed because when we asked people in the financial advice industry how to start a super fund - no one knew how to do it." "When you don't [know], you find and search for ways to make it ... Read more

... there is scope for all three of the above criteria to be able to be satisfied for new entrants into the superannuation industry, with some caveats. Firstly, the opportunity for new entrants is large, particularly in terms of assets under management and ... Read more

There's a lot to be positive about the government's efforts to encourage the superannuation industry to offer sensible and compelling pension offers to retirees (known as CIPRs). The industry has long struggled to get out of first gear to serve ... Read more

... free access to JPMorgan stock research and a portfolio-building tool. No, none of this is exactly "new" to the brokerage industry. Startups like Robin Hood offer web/app enabled free trading. Robo-advisors (think Wealthfront and Betterment) run a similar ... Read more

... pariah if I insisted on following the rules. Could the concentration and integration of Australia's banking and wealth industry have spawned a fast growing pervasive culture of adopting unethical practices to keep up with "in-group" competitors? ... Read more