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.
Fuel and healthcare cost increases are driving the largest annual rises in budgets since 2010, according to the Association of Superannuation Funds of Australia.
There is a “golden opportunity” for advisers to service those retire-ready Australians, according to Vanguard, as they struggle with the mental shift from accumulation to decumulation.
Former Club Plus Super chief executive, Stefan Strano, has joined Australian Super as business lead for retirement solutions following the merger between the two superannuation funds.
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.
The SMSF Association is urging the Government to introduce an education requirement for self-managed superannuation funds to prevent advisers with poor knowledge from advising on the products.
Superannuation fund satisfaction has been on the rise compared to a year ago, and has seen UniSuper and Macquarie top the ranking, according to Roy Morgan’s report.
A ‘Super Baby Bonus’ of $5,000 should be paid to women who take time out of the workforce to have children in order to reduce the gender gap, according to the Association of Superannuation Funds of Australia.
Rest and Women in Super have urged Parliament to prioritise superannuation legislation that will improve retirement outcomes for low-income Australians earning less than $450 a month.
The Association of Superannuation Funds of Australia has called for Super Guarantees to be included in the Fair Entitlements Guarantee, which will make the Commonwealth cover unpaid super claims for employees of insolvent businesses.
AustralianSuper has expanded its presence in Europe with the appointment of former PGGM chief investment manager to its European investments advisory committee.
Superannuation funds that failed the performance test last year could be asked by the regulator to prepare “pre-contingency” plans for member transfers in the event they fail for a second time.
It would be difficult for smaller self-managed super funds to keep on top of their compliance if a move went ahead for quarterly reporting of transfer balances, according to a pre-Budget submission.
The Australian Institute of Superannuation Trustees is calling on the Government to assess how many women were coerced to access their super early by a domestic partner during the pandemic.
Rest Super’s appointment of David Duncan to transformation, operational risk and governance, investments is aimed at supporting the transformation of its investment operating model and technology platforms.
Trustees of self-managed super funds could be disqualified if a restructuring practitioner is appointed to their fund, according to the Australian Taxation Office.
Total superannuation assets in Australia grew to about $3.3 trillion as at the end of June, 2021, from $1.9 trillion in 2015, as industry funds dominate over retail ones.
There are three key areas where the superannuation system could be improved, according to the Australian Institute of Superannuation Trustees, as it makes 20 recommendations in a pre-Budget submission.
Former head of impact at HESTA, Mary Delahunty, has left the superannuation fund to launch a consultancy focused on holding companies to account on environmental, social and governance (ESG) matters.
Pushing matters such as superannuation for housing detracted the Government from serious financial issues during the pandemic, according to Stephen Jones.
Broadening the compensation scheme of last resort would be a fairer way of sharing costs and prevent financial advisers from being burdened, according to the SMSF Association.
Senior executives of parent companies with superannuation funds within their group should be exempt from responsibility of the subsidiary, according to the Association of Superannuation Funds Australia.
Superannuation fund performance continued to recover over the second half of 2021 as member accounts are likely to receive a windfall of over $400 billion, according to SuperRatings.
An increase in investor confidence in Europe has led to a bounce back in the level of global investor confidence recorded in the State Street Global Investor Confidence Index.
Regenerative agri business, Packhorse, which is aimed at institutional investors has given investors annual total returns in excess of 12% while improving soil health across Australia.
Centuria Capital Group has announced it has secured an off-market $202 million asset on behalf of an existing international sovereign wealth fund institutional mandate.
If niche superannuation funds end up merging with larger funds the industry could end up looking like the banking sector with not a lot of product or service differentiation, an association believes.
TelstraSuper is concerned the draft Financial Accountability bill may give rise to a potential interpretation that employer sponsors are a “significant related entity of the fund”, making them subject to the Financial Accountability Regime.
Consumers could access better deals on their superannuation in the future as the Government announces plans to expand the Consumer Data Right into financial products.
Paul Kevin Bennetts has been banned from providing financial services for six years after asking a compliance officer to complete his Australian Institute of Company Directors assessments on his behalf.
There are uncertainties as to whether yet-to-be-legislated superannuation reforms will get a chance to be legislated before the election, such as the Retirement Income Covenant and the removal of the $450 threshold.
It is the responsibility of self-managed super funds trustees to file their tax return on time, meaning clients of failed Dixon Advisory need to act promptly to find a new provider before the deadline.
Superannuation funds need to understand carbon productivity and efficiencies in their portfolios or they will lose the race to net zero and will be left holding companies that nobody will want.
Former Financial Services Council chief executive, John Brogden, has been appointed as a director of Colonial First State Investments and Avanteos Investment Limited.
Link Group will retain its contract to provide administration duties for former Victorian Independent Schools Superannuation Fund defined benefit members in the newly merged entity, Aware Super.
The superannuation fund is the first licensee to have a civil penalty imposed for failing to report breaches to the corporate regulator since its new penalty powers were introduced in 2019.
The corporate regulator has noticed an increase in marketing recommending Australians to switch to self-managed superannuation funds that invest in crypto, and has warned against some of the trappings.
CareSuper’s proposal to reserve a portion of member assets for future Commonwealth penalties, which was in response to recent law changes, has been found to be justified by the Supreme Court of Victoria.