Superannuation

Increasing SG would stem growing inequality

The legislated superannuation guarantee rises would increase retirement benefits for the lowly paid and would improve the position of the median income/median wealth sector of the economy, according to Rice Warner.

Link aims to float off PEXA

Link’s property settlements business PEXA is set to be taken to a public offering as the big superannuation administrator reshapes its business.

Mine Wealth + Wellbeing has appointed an independent director to its board and a director to a subsidiary board.

Lump sums not so super fuel for the housing debate

Superannuation lump sums are still being accessed by a significant cohort of retirees but not at the same level as a decade ago.

21 January

Superannuation

Aussie equity super funds lag global equity funds

The sector average for Australian equity superannuation funds was 2.21% during 2020 compared to global equity

21 January

Superannuation

PEXA continues to deliver for Link

Link Administration Holdings has seen its half-year bottom line bolstered by the success of its electronic

21 January

Superannuation

QSuper Balanced fund gives smoothest returns

While the fund has returned below some of its peers over the past seven years, it has delivered the best return

2021-01-29 00:30:00

Knowledge Centre

Themes driving the need for a more sustainable approach to investing

Sustainable investing is on the rise, and COVID-19 has only sharpened the focus of policy makers and investors...

Ausbil

19 January

Superannuation

Super funds ‘amaze’ with positive 2020 returns

Australian superannuation funds defied the worst of the pandemic to reward members with positive returns in 2020.

Kinetic Super has upgraded its insurance offering, including introducing a low-balance switch-off.

19 January

Superannuation

Data exercises needed to improve insurance in super outcomes

Superannuation funds should review their data management practices including regular audits and training exercises

19 January

Superannuation

Former SCT chief establishes complaints-handling consultancy

With the Australian Securities and Investments Commission having produced RG 271, former Superannuation Complaints

2020-11-24 22:30:00

Knowledge Centre

Beyond the digital frontier

Secure, real-time data, insights and transactions accessible from anywhere are closer than you think – explore a...

Northern Trust

18 January

Superannuation

Merged Tasplan and MTAA Super to be named Spirit Super

The merged fund will reduce administration fees for all members on completion of the merger on 1 April, 2021.

14 January

Superannuation

Govt warned super performance tests will skew investments

Superannuation funds have warned the Government that its proposed new performance test regime risks rewarding

ASX-listed companies need to improve their reporting of ESG risks to enable investors to make better decisions, the ACSI believes.

14 January

Superannuation

Top growth super funds include two ethical funds

Funds from HESTA and Australian Ethical have made it into the five top-performing growth super funds for 2020 with

Taxation surrounding super needs to be modernised to help address the inequality faced by women when it comes to their financial futures, according to Industry Super Australia.

14 January

Superannuation

Super opt out plan a ‘tax grab’: ISA

Industry Super Australia said the proposed Government policy to opt out of the superannuation guarantee increase

13 January

Superannuation

Govt intent on undermining financial outcomes: AIST

Forcing workers to use their retirement savings to fund their own pay rise should not be a way to deal with low

12 January

Superannuation

Govt lobbied to be clearer on super fund buy-sell spreads

Greater clarity is needed within amendments to the Superannuation Industry (Supervision) Act around who pays for

12 January

Superannuation

Australian Catholic Super tops 2020 balanced charts

The fund’s balanced fund returned 11.4% as it managed to recover March losses by June, according to data.

12 January

Superannuation

Did Superstream cost more to implement than it returned?

Superannuation funds have told a Parliamentary Committee that the costs of implementing Superstream were so high

12 January

Superannuation

323% increase in super scam reports

2020 was the year of the Government’s hardship early release superannuation scheme and it was also a year during

1. Industry Super Australia has warned of the long-run consequences of allowing young or lower-paid workers to opt-out of the super system. 2. The Commissioner of Taxation, Chris Jordan, has revealed that SMSFs are not the sole repository of very large ac

7 January

Superannuation

Early release of super scheme hits $35.9b

There were a further 21,000 superannuation members who applied for the early release of their super in the week

6 January

Superannuation

Proposed super laws inadequate: AIST

The Government needs to address underperformance in the superannuation system before stapling of super accounts

5 January

Superannuation

ACTU rejects Govt super reforms

The Australian Council of Trade Unions believes the Government’s superannuation exposure draft legislation is an ‘

Many members of bank-owned or other retail super funds who make a choice on where to invest their super are paying more fees and getting fewer returns, according to a report.

5 January

Superannuation

Future Super cuts fees

The ethical fund has reduced its fees on all of its investment options on the back of a 200% increase in new

4 January

Superannuation

SS&C withdraws Link takeover bid

SS&C Technologies has withdrawn its bid for Link Administration Holdings for an undisclosed reason, less than

17 December

Superannuation

Growth fund returns boosted by vaccine breakthroughs

The median growth superannuation fund is set to finish the calendar year at 3%, according to Chant West.

17 December

Superannuation

ASIC confirms it is investigating investment switching by super fund execs

With a number of superannuation funds having confirmed investment switching by fund trustees and executives during

17 December

Superannuation

Which super funds pay their directors six figure salaries

Nine superannuation funds, three of which are not for profits, are paying their trustee directors average six

17 December

Superannuation

Christian Super wins Impact Asset Owner title

The fund has been awarded the Impact Asset Owner of the Year in 2020 Australian Impact Investment Awards as it

16 December

Superannuation

Median balanced super funds returned 4.9% in Nov

The median balanced superannuation funds are on track to finish the year in positive territory as the global

15 December

Superannuation

AustralianSuper defines the cost of PYS

The Government’s Protecting Your Super regime has cost Australia’s largest superannuation fund $3.6 million in

15 December

Superannuation

Cbus and Media Super merger to progress

Cbus and Media Super have announced that their merger will progress to the next stage with a view to completion

The Federal Treasury has been urged to undertake further consultation around the development of the Government’s comprehensive income products for retirement (CIPRs) regime amid concerns that its proposed settings risk significantly eroding any potential

15 December

Superannuation

‘Time is now’ for Retirement Income Covenant

The delayed covenant should come into force as soon as possible to ensure retirees are properly equipped for

10 December

Superannuation

October boost for super satisfaction

For the first time since the start of the COVID-19 pandemic, super fund customer satisfaction has seen an increase

10 December

Superannuation

Independent review needed into financial risk management

The Juukan Gorge scandal has highlighted how little confidence investors can have that financial risk is being

10 December

Superannuation

HUB24 adds Insync global equity fund

The Global Quality fund will be available on the platform for both investment and super accounts by the end of the

8 December

Superannuation

Lack of regulations delivers super funds relief on portfolio holdings

Superannuation funds have been delivered another 12 months’ breathing space on reporting portfolio holdings simply

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

8 December

Superannuation

How stapling will impact default super

Superannuation funds will need to get innovative if they are to attract members in the new world of stapling.

8 December

Superannuation

Early release headed towards $38 billion

When the Government’s early release superannuation scheme comes to an end, 10 funds will have made over 60% of the

8 December

Superannuation

Superannuation fund shareholders in Westpac need to get serious

Superannuation funds with major shareholdings in Westpac will be putting their members’ investments at risk if

8 December

Superannuation

Cbus partners with Brookfield

The building and construction industry fund will partner with the renewable energy asset manager in an effort to

8 December

Superannuation

Aware Super invests in NYC battery storage hub

The industry fund has invested in SER Capital Partners’ New York City microgrid project which will repurpose

8 December

Superannuation

Recruitment needs to be refined during COVID-19

Social distancing practices, as well as the need for remote work, has meant the way recruitment is approached in

3 December

Superannuation

Growth funds struggle to recoup March losses

Only three growth superannuation funds have managed to make a return so far this year with the top-performing fund

3 December

Superannuation

UniSuper explains former executive’s $1.1m COVID-19 investment switching

Industry fund, UniSuper has gone to the trouble of explaining to a Parliamentary Committee how a former senior

3 December

Superannuation

APRA confirms super early release did impact super fund liquidity

Some superannuation funds have been confirmed as having faced a liquidity squeeze as a result of the Government’s

1 December

Superannuation

Pension plans prize ‘portfolio resilience’

A survey of global pension markets shows portfolio resilience is prized over anything else as financial markets

1 December

Superannuation

Australians fare worst for portfolio downturn

Australian investors have had their portfolios hit worse than other Asia-Pacific regions with 60% saying the

30 November

Superannuation

Super industry at odds on SG increase

Challenger’s chair, Jeremy Cooper, is “ambivalent” about the superannuation guarantee increase while Cbus’ Robbie

26 November

Superannuation

Removing uncertainty will ease hoarding of super balances

Retirees will be more willing to spend their superannuation if they are provided with greater certainty around

26 November

Superannuation

APRA flags imposition of cybersecurity external audits

Superannuation funds appear likely to be included in a new Australian Prudential Regulation Authority regime

26 November

Superannuation

Funds need to position for climate change or lose returns

While setting goals is important, superannuation funds actually need specific actions on how they are going to

24 November

Superannuation

RIR SG conclusion based on growing CPI not wages

The current economic situation potentially changes the optimal timing and speed of a superannuation guarantee

24 November

Superannuation

Australia’s super assets in decline

A combination of the COVID-19-induced market volatility plus early release superannuation has seen Australia’s

Advisers and super funds must strive to change members’ thinking about their super as a balance in an account to an income stream that would provide for their retirement.

23 November

Superannuation

Retirement costs up in September quarter

The cost of retirement for couples went up 0.3% to $62,083 per year and up 0.5% to $43,901 for singles during the

Market Insights

Themes driving the need for a more sustainable approach to investing

29 January 2021

Beyond the digital frontier

25 November 2020

Finding sustainable companies that thrive

20 November 2020

Doing the right thing: ESG and EMD

30 September 2020

Sharon Henry

Hi Mike, I read the Article in relation to MLC and Nulis Norminees. I had an account with MLC that...

NAB super entities hit by $57.5 million court penalties 2 days 19 hours ago

Tim Wilson

I hate it...

Merged Tasplan and MTAA Super to be named Spirit Super 3 days 14 hours ago

Andrew James McAlister

A much better name than MTAA, since its open for anyone. I like it.

Merged Tasplan and MTAA Super to be named Spirit Super 2 weeks 1 day 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 1 year 8 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 7 months 1 week ago

Axl

That's 'toe the party line'.

We aren’t anyone’s secretariat says AustralianSuper 7 months 3 weeks ago