New regulations mean a single large allocation to an impact fund could risk creating underperformance across the fund as a whole making them too risky for smaller funds, say analysts.
The next time Australians fill up at the bowser they may be in for a rude shock as the previous government's fuel excise reduction is set to draw to a close on Thursday, September 29 adding further pressure to the skyrocketing cost of living.
The Government has announced that the cost of medicines under the Pharmaceutical Benefits Scheme (PBS) will be reduced by 30 per cent to relieve the rising cost of living.
The Australian Prudential Regulation Authority (APRA) has revealed that five funds have failed to meet the benchmark of its second MySuper performance test.