SuperRatings has analysed super fund performance in line with the Government’s performance test criteria and found that 90% of trustee directed options are estimated to pass the test compared to 80% from last year.
There are expected to be eight funds with more than $125 billion in funds under management by 2025, according to KPMG, and funds’ frameworks will need to adapt to cope.
It would be more effective for superannuation funds to focus on building an attractive default fund than spending money to try to engage members in the accumulation stage, according to EY Australia.
Stockspot's founder has thrown doubt on Hostplus’ 2022 financial year returns, highlighting a need for greater transparency of holdings within the industry.
Australian Prudential Regulation Authority analysis has found half of small superannuation funds, those with less than $10 billion in assets under management, are facing sustainability challenges.
The Australian Securities and Investments Commission has extended the relief for superannuation trustees who give their members retirement estimates on a periodic statement for nine more months.
The next chapter in driving growth for asset management will mean anticipating change and evolving for the future. Learn how the most successful asset managers will focus their resources.
Research from the Association of Superannuation Funds of Australia (ASFA) has found Australians believe more money should be saved for their retirement, not less.
Choice funds will not need their own product dashboards in place until 2027, according to the Australian Institute of Superannuation Trustees, a substantial delay to the previous deadline of 2023.
Industry associations have welcomed the Federal Budget for providing stability by leaving superannuation unchanged but believe mums will be left behind.
The prudential regulator has indicated it will not shy away from suggesting smaller superannuation funds merge and highlighted trustees should not treat funds like their “personal fiefdom”.
The Government has announced the temporary 50% reduction in superannuation minimum drawdown rates will be extended until 30 June, 2022, a move which has been welcomed by the industry.
Although open to mergers with other smaller funds, CareSuper’s chief executive, Julie Lander, says there will be a role for small to mid-sized players following industry merger activity.
Two financial services associations have welcomed the Australian Prudential Regulation Authority’s announcement suspending the proposed insurance policy contract term measure for individual disability income insurance for at least two years.
Chant West has incorporated responsible investment classifications into its ratings for superannuation fund investment options, allowing investors to make more informed investment decisions.
The Australian Prudential Regulation Authority has decided to suspend individual disability income insurance measures for at least two years following consultation with the Australian Securities and Investments Commission.
The industry has reacted to the Government’s consultation on non-arms length income with one organisation describing it as offering an “umbrella of hope” for superannuation funds.
Australian Super saved $200 million in the last financial year by managing assets in-house, according to J.P. Morgan, as more funds consider internal investment.
Industry Super Australia modelling shows increasing the Child Care Subsidy by 10% and flattening and simplifying the taper rate would encourage more women to work more paid hours, helping close the super gap.
Superannuation funds are calling for action in next week’s Budget to address super inequity as women report incurring financial stress from taking time out of the workforce.
Hostplus has introduced three new sector specific investment options for members and self-managed super fund investors, providing members and investors with more diversity and less asset and manager concentration risk.
The Government has announced consultation plans to ensure non-arms length expense provisions operate correctly within superannuation, following industry concerns.
With J.P. Morgan forecasting superannuation funds could fall to less than 75, Super Review has collated the latest M&A activity in the space over the last six months.
Median retirement savings for women are improving but are still well short of the amounts needed to support a comfortable standard of living in retirement, according to the Association of Superannuation Funds of Australia.
Dealer group National Advice Solutions in Queensland has been charged with 11 offences after encouraging clients to roll over their superannuation into different products.
There is one self-managed super fund with more than $544 million in assets, according to Australian Taxation Office data, and 27 with more than $100 million.
HESTA has announced it will bring its active Australian equities investment management in-house with plans for the fixed income and cash teams to follow suit.
Two-thirds of superannuation funds could disappear by 2025 as the pace of merger activity could see the number of funds fall to less than 75, according to J.P. Morgan.
The Australian Institute of Superannuation Trustees has encouraged the regulator to delay amendments to reporting standards until July 2023 as it feels it would be costly to make changes at this stage of the financial year.
Hostplus has partnered with the Clean Energy Finance Corporation (CEFC) and clean energy investors Octopus Australia to develop renewable energy assets in Gippsland.
Hostplus has committed to transition its investment portfolio to net zero emissions by 2050, in line with Australia’s commitment to the Paris Agreement.
The estimated costs of claims related to the floods on the East Coast of Australia have now passed $2 billion, according to the Insurance Council of Australia.
Backed by former MLC and Perpetual chief executive, Geoff Lloyd, iExtend is aiming to address a gap in life insurance by providing another option for policyholders driven to cancel their policies.
The Self-Managed Superannuation Fund Association's deputy chief executive, Peter Burgess, has laid out exactly what changes advisers should be paying attention to in the SMSF sector this year.
The removal of the superannuation levy would see 82% of superannuation members experience reduced total annual fees under a proposed user-pays funding model from the Australian Financial Complaints Authority.
Shadow Treasurer Jim Chalmers says Labor will not limit superannuation balances or impose an earnings tax on members’ retirement phase, a move which has been welcomed by the SMSF Association.
With the Government announcing its desire for superannuation funds to divest from Russia, Super Review collates the intentions and exposures of major funds.
Out of all financial products, investors are most keen that their superannuation is invested responsibly, according to the Responsible Investment Association Australasia.
Schroders has announced the launch of the new fund for institutional investors after securing a foundation investment mandate from a large superannuation fund.
The Government is believed to be unlikely to pay superannuation on parental leave despite industry pressure, according to two anonymous Liberal sources.
Recent legislative reforms are causing a slowdown in employer superannuation funds, according to research by DEXX&R, and projected outflows to industry funds are expected to escalate over the next 10 years.
Consumer organisation Super Consumers Australia has released research which challenges the assumption that couples need to have saved $1 million to enjoy a comfortable retirement.