15 super funds optimal for Australia - report Smaller superannuation funds should be considering mergers or heading for the exit, according to a new report which suggests Australia’s optimal number of funds is 15, down from the current 92. For more.

74 tax practitioners in trouble over SMSFs Seventy-four tax practitioners are going to have to explain themselves to the Tax Practitioners Board over possibly fraudulent SMSF annual returns and face sanctions if they fail. For more.

Fitch downgrades Macquarie over earnings fears Rating moved from stable to negative by Fitch reflecting the market uncertainty and the possibility of an earnings hit in the next two years. For more.

Super members believe de-risk misconception Most super members believe their fund automatically de-risked to protect their investments from losses during a downturn and did not know asset allocation was an important feature in achieving an adequate retirement, according to Russell Investments. For more.

Lonsec launches sustainability score Eleven funds previously covered under its Responsible Investment category have been rated so far. For more.

Positive outlook for listed infrastructure: FSI The lockdown showed the social value of infrastructure as well as the benefit for investors for firms with strong balance sheets. For more.

US dollar continues to benefit investors The US dollar is expected to continue to benefit investors, especially in these uncertain times, according to ETF Securities. For more.

Raiz launches Bitcoin portfolio The portfolio will have a 5% allocation towards the cryptocurrency with the rest in equities, corporate debt, and money markets. For more.

Aged care advice included in FASEA standards Advisers avoiding aged care advice risk failing to comply with Financial Adviser Standards and Ethics Authority code of ethics and will not meet best interest duty, according to Aged Care Steps. For more.

Thriving in lockdown The recovery from stockmarket lows in March has been the fastest rebound in history, writes Sinead Rafferty, so investors are seeking those companies which will thrive during lockdown and beyond. For more.

The perils of (over) stretching for yield Central banks are using unprecedented levels of stimulus to support the economy, writes Kerry Craig, leaving investors with expensive bond prices and record low interest rates. For more.

Providing true-to-label exposure A fund may describe itself as ‘sustainable’, writes Richard Montgomery, but how can you be sure its actions in investment are more than just a label? For more.