Superannuation | Page 2 | Super Review

Link declines to provide guidance in face of COVID-19

The uncertainties surrounding the COVID-19 pandemic have seen major superannuation administration company, Link, decline to provide financial guidance for the year ahead.

Reviews650

APRA reviewing super dividend policies

The prudential regulator is investigating the dividend policies of superannuation funds – and it will look beyond those that failed the super performance test.

Super funds divided over internal management

With UniSuper managing over 70% of funds under management in-house and AustralianSuper announcing a target of 75%, will other superannuation funds follow suit?

Super funds that innovate will thrive under oligopolistic structure

As the industry heads towards mega funds, the winners will be the ones that understand the heterogeneity of cohorts, according to a panel.

Anti-hawking regime requires super funds to watch all of TikTok

The corporate regulator needs strict guidelines on the scope and extent of monitoring social media channels by superannuation funds under its hawking prohibition, according to an association.

Any levy on the major banks and Macquarie should be applied by the Commonwealth Government and at a higher rate, ME Bank believes. The industry superannuation fund owned bank said it agreed with the South Australian Government that the banks that benefite

24 August

Westpac penalty provides ‘clarity’ over advice provisions

The findings in the case, for which the big four bank will pay a $10.5 million penalty after it rolled over

24 August

Value of advice highlighted for super accounts

Research from SuperRatings highlights how much worse off a super balance could be worth if it makes permanent

Seventh consecutive year of positive returns Despite the rumblings in Europe, the latest Chant West data points to a seventh consecutive financial year of positive super returns. Despite the uncertainties created by the United Kingdom's vote to ex

24 August

Solid FY21 start for median growth super funds

Domestic and global shares and bonds boosted the median growth superannuation fund during July, and the cumulative

Super funds with higher fees have a higher allocation to riskier asset classes, according to CIFR.

23 August

Australian Catholic Super drops fees

The superannuation fund has reduced its asset-based administration and investment management fees.

19 August

Super trustees to come under ‘more intrusive regulation’

Scrutiny is the biggest challenge for the superannuation industry, according to APRA board member, Margaret Cole,

19 August

Nationalising super a moral hazard: ASFA

Senator Andrew Bragg has called for a nationalised superannuation default fund which a super association has said

2021-08-31 14:00:00

Knowledge Centre

Federated Hermes Impact Report Q2 2021: Energy Transition

Any strategy looking to reduce carbon emissions needs to take sustainable energy production into account. With global demand for electricity set to double by 2050, there is an urgent need to shift from unsustainable fossil fuels to renewables like wind and solar power.

Federated Hermes

19 August

EQT posts strong growth for its super business

EQT Holdings has reported an exceptional growth across its superannuation business, with funds more tripling to $

19 August

WPA warns of unrestricted pension withdrawal

The World Pension Alliance, an international pension body, has warned of dangers in releasing pension savings in

Major super funds have lost $5.6 billion thanks to declining fossil fuel stocks, according to Market Forces.

19 August

UniSuper halves fossil fuel exposure

Overall fossil fuel exposure in the UniSuper portfolio has halved to 2.55% as the superannuation fund targets net-

The retail funds industry has traditionally focused on clients aged 45 and over but this will need to change as baby boomers draw down on their wealth, which could potentially pose a threat to industry funds, according to Tria Investment Partners. The fir

17 August

ATO open for SMSF member increases

Trustees of self-managed superannuation funds will now be able to add a fifth and sixth member, after the

You can shift from engaged and disengaged to apathetic quite quickly and we’re looking to avoid that

17 August

Super members ultimately pay for ASIC levy rise

The corporate regulator’s increased levy will be ultimately be borne by superannuation fund members through

Superannuation funds need to adapt and review alternative operating models as pressure from regulatory scrutiny, greater competition, and lower growth increases, according to a Mercer report. Mercer’s ‘Pathways to success’ whitepaper said super funds need

17 August

APRA clarifies performance test methodology

The prudential regulator has released an information paper that details how product changes will be incorporated

Although the retention of LISC would benefit women’s retirement, an alternative flat tax rebate will benefit low income earners more, Rice Warner believes.

17 August

Primary carers should receive super tax rebate

A rebate on the 15% superannuation contributions tax paid on contributions made for up to five years following the

17 August

Super funds disappointed at Sydney Airport rejection

A consortium, consisting of IFM funds and Australian super funds, has expressed disappointment in the Sydney

A Super Review survey has confirmed the ACCC is on the money in identifying that super funds regard technology platforms as being a key element in selecting admin.

17 August

Super among Westpac’s ‘portfolio simplification’ candidates

While there are no concrete plans to sell its superannuation, platforms, and investment business, Westpac has

Identifying what beneficiaries are asking for is the first step to ESG implementation, according to SSGA.

17 August

TelstraSuper operations now carbon neutral

Climate Active has certified the fund’s business operations as carbon neutral for the last financial year.

13 August

Super financial and auditing requirements draft legislation released

The draft legislation aims to make superannuation funds produce financial reports under similar obligations as

12 August

SMSFA welcomes retirement income covenant

The proposed retirement income covenant is to be welcomed but must not create administrative burden or add

Volatile markets and lower investment activity has decreased AMP’s superannuation cash inflows for the first quarter of the year.

12 August

Early super withdrawals lower retirement balance by 15%

Superannuation members that withdraw the maximum $20,000 would be left $77,000 worse off in retirement, according

Hyperion closes funds to new investors

12 August

Stapling to close 500,000 unwanted super accounts

There has been reduction of 13 million unwanted super accounts since 2015 and it is expected to fall by a further

The Government needs to urgently review their proposed super policies as they are an issue for both higher net worth Aussies and middle Australians, Chartered Accountants believe.

12 August

APRA to recommence sole purpose review

The prudential regulator will review the sole purpose test guidance as part of a broader review of expenditure

12 August

legalsuper ceases ASFA membership

The superannuation fund cited budgeting reasons in ceasing its membership but has kept its membership to the

10 August

AusSuper CIO paid $947k bonus

AustralianSuper’s chief investment officer had a total remuneration of $1,705,837 in the 2019/20 financial year.

10 August

Retirement Income Covenant overlooked majority of Australians

The Government needs to consider the majority of Australians who will not be passing on large superannuation

A new survey has confirmed continuing industry fund antipathy towards self-managed superannuation funds but less certainty about how they should be regulated.

10 August

Is The New Daily an investment or expense?

APRA has clarified it is up to the discretion of super funds to decide whether allocating money towards The New

10 August

Active Super makes changes to MySuper

The changes aim to enable members transition to lower-risk investments and increase their exposure to market gains.

6 August

ASIC identifies key themes for super funds’ members

Fund performance and fees are among the most important themes for superannuation fund members, according to the

AustralianSuper has urged the Senate Economics Committee to heed the industry’s concerns about the objective of superannuation.

5 August

No right for super funds to feel ‘exonerated’

Malicious acts by superannuation funds towards their members mean they should not feel ‘exonerated’ by the Royal

5 August

Home first, super second a ‘movement’

There is a movement of Australians prioritising home ownership over their super savings and Coalition MP Tim

The SCT has appointed four new part-time members who bring significant legal expertise and wide-spread experience in superannuation..

5 August

Remuneration restrictions ‘problematic’: ASFA

In a submission, the Association of Superannuation Funds of Australia says remuneration restrictions will handicap

4 August

Hostplus and Statewide sign Heads of Agreement

Entering the next phase of the merger plan, both funds will commence due diligence to confirm the merger is in the

3 August

Super receives over 5,000 complaints in the last year

The Australian Financial Complaints Authority has reminded members it is unable to deal with complaints about high

3 August

Inquiry into ASX ownership ‘pointless’: ASFA

The Government’s resources would be better put to use exploring the regulatory impact on consumers and funds from

3 August

Green super can help cut household carbon footprint

Switching superannuation to a green option could halve the carbon footprint of Australia’s households, according

2 August

ASIC bans two advisers for five years

The two advisers used a website to attract clients to help them find lost super, but are not adequately trained or

29 July

Court finds Tidswell acted dishonestly

The former superannuation trustee has been found to have failed to act efficiently, honestly and fairly when

The Government needs to address the resourcing of the SCT irrespective of any move to a new EDR model.

29 July

AFCA funding can lead to poor super outcomes

The complaints authority is reviewing its funding model three years after the body had formed as super trustees

29 July

UniSuper named Super Fund of the Year 2021

Super Review along with its research partner, The Heron Partnership, have announced the winners of the Super Fund

29 July

Superhero launches new super fund

Superhero Super is aimed at Australians seeking transparency, without the need for a self-managed super fund.

Custodian cautions trustees not to ignore the investment implications flowing from climate change.

29 July

Aware Super hits $1b in renewable investments

Aware Super’s investment in renewable energy and low-carbon technologies and projects has topped $1 billion as the

29 July

AustralianSuper to triple private debt investment

The superannuation fund has invested in the asset class for the past five years but wants to see assets grow to $

29 July

Equipsuper and Catholic Super commit to net zero

The merged industry superannuation funds’ chair has made the pledge and will welcome another merger with another

The boards of Kinetic Super and Sunsuper have signed heads of agreement, giving in principle support for a merger. The final decision to merge had not been made as both funds needed to complete a comprehensive due diligence process. The funds would look

29 July

Aware Super and VISSF to merge

The two industry superannuation funds have agreed to proceed with their proposed merger and is expected to be

28 July

Super engagement on the rise

There has been a growing interest in engagement with superannuation along with positive attitudes towards the

Lower investment fees do not lead to higher net returns, according to actuarial research house, Chant West. In an analysis of the superannuation industry celebrating the 25th anniversary of compulsory superannuation in Australia, Chant West has pointed to

27 July

AustralianSuper leads balanced mixed asset funds

Its Balanced Option and Socially Aware Investment Option were two of the top three best-performing over the last

Custodian cautions trustees not to ignore the investment implications flowing from climate change.

27 July

Super funds seeking ESG track record

With responsible strategies becoming a ‘must have’, super funds are taking notice and including them in their

27 July

Super fund satisfaction near record high

Superannuation fund satisfaction increased 8.6% year-on-year to 71.7% in June thanks to the performance of the ASX

TelstraSuper has announced new investment in innovative technology by partnering with private equity IP Group Plc.

27 July

Long-term time horizon benefits super and venture capital

Super funds should consider investing in venture capital in order to achieve higher returns as their long-term

22 July

Super fund offers made to employers as default fund allowed

The prohibition of hawking superannuation funds only applies to offers made to retail clients, according to the

Australia’s retirement savings pool would have been $105 million more if retail funds matched industry super fund returns, according to ISA.

22 July

Members need to keep 'reasonable expectations' for returns

After strong performance in the last financial year, super fund members are being reminded to hold reasonable

Market Insights

Federated Hermes Impact Report Q2 2021: Energy Transition

Federated Hermes Impact Report Q2 2021: Energy Transition

1 September 2021

A Global Shift to an ESG Mindset

A Global Shift to an ESG Mindset

1 September 2021

Green mining: Forget Tesla, EVs are everywhere

Green mining: Forget Tesla, EVs are everywhere

1 August 2021

The Art of the Alpha

The Art of the Alpha

16 August 2021

WatchinItBreak

They have "managed" that conflict of interest so well when everyone else must "avoid...

Wayne Swan to chair Cbus Super 6 hours 25 min ago

Aha

If you were a Pleb and made that statement it is just a "Conspiracy Theory"

Ex-EISS CEO calls resignation result of ‘smear campaign’ 6 hours 28 min ago

Anonymous

Well done Wayne, Australia's 47th best Treasurer and Kevin Rudd's (Australia 48th best...

Wayne Swan to chair Cbus Super 1 week 3 days ago

Dave Peckitt

Hi do you have any info on financial planners in perth? I'm looking to consolidate my super...

Six superannuation consultancies prove stand outs 2 years 2 months ago

Anonymous

This is the most ill informed comment I have ever seen. Why on earth would you think Superannuation...

We aren’t anyone’s secretariat says AustralianSuper 1 year 1 month ago

Axl

That's 'toe the party line'.

We aren’t anyone’s secretariat says AustralianSuper 1 year 2 months ago