What investment is 17 times better than the ASX? Litigation funders are extracting returns which are 17 times better than you’re likely to extract from the ASX 200 and 10 times better than global hedge fund managers. For more.

AMP Life sale to complete on 30 June AMP has cleared all the regulatory hurdles to complete the sale of AMP Life to Resolution Life on 30 June. For more.

Adviser-sold disability claim pay-outs double. New data analysed by KPMG has confirmed insurers have paid out double the number of disability claims for policies sold through financial advisers. For more.

Super balances can’t be rebuilt if SG remains frozen Lifting the superannuation guarantee to 12% is a necessary prerequisite to helping people rebuild their account balances in the wake of early release drawdowns, according to Industry Super Australia. For more.

ATO updates SMSF cost figures after outcry The median ‘operating expense’ for a self-managed super fund is $3,923, according to the Australian Taxation Office, far lower than the $13,900 quoted in a recent SMSF factsheet. For more.

ASIC initiates action against CBA over conflicted remuneration One of the key superannuation offerings of Colonial First State Investment Limited is in the cross-hairs of the Australian Securities and Investments Commission over allegations of conflicted remuneration. For more.

Mayfair 101 appoints administrators Cor Cordis has been appointed as the firm’s administrators after concerns surrounding the solvency of the company and a risk of a fire sale of assets. For more.

Lack of liquidity hit FI investors in March quarter The lack of liquidity in both domestic and fixed income markets through the COVID-19 crisis was the biggest challenge for fund managers, according to Zenith. For more.

Funds suspend redemptions due to liquidity mismatch According to Fitch Ratings, US$62 billion of global mutual funds have suspended redemptions due to COVID-19 driven market stress. For more.

Real assets to reward patient investors A diversified portfolio of Australian real estate investment trusts and listed infrastructure may pay off patient investors by providing them with an exposure to the country’s growth and urbanisation. For more.

AREIT investors should focus on long-term view Despite the negative short-term implications from COVID-19 for the Australian real estate investment trust sector, they are currently far better positioned to recover than they were in the previous economic crisis, according to SG Hiscock. For more.

L1 Capital makes two hires The global investment manager has appointed Chris Clayton as head of distribution and Aman Kashyap as investment specialist. For more.

Banking to be ‘less profitable’ amid COVID-19: NAB National Australia Bank group chief executive Ross McEwan has confirmed the banking sector will be a less attractive sector for dividends in the aftermath of the COVID-19 pandemic. For more.

Challenger launches $300m equity raising Challenger is looking to strengthen its capital position by backing investment grade fixed income opportunities to help withstand further market volatility. For more.

Five steps to getting your equity income strategy back on track As companies move to slash or cancel dividends, writes Rudi Minbatiwala, investors who rely on income are having to find alternative sources to generate income for their retirement. For more.

Building a new future While airports may have come under recent scrutiny, writes Sarah Shaw, the wider infrastructure sector has tremendous opportunity to support the economic recovery. For more.

The gold factor The price of gold could surpass US$2,000 in the next 12 months, writes Russel Chesler, as more capital is forced into the relative safety of the precious metal. For more.