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.

Will the election be a barrier to unfinished business in super?

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.

The super funds allocating over 85% to equities

With younger members encouraged to opt for high growth superannuation funds which reflect their long-term time horizons, super funds targeting young people are holding over three-quarters of their weighting to equities.

60% of Choice funds deliver below APRA heatmap benchmark

The prudential regulator has published its annual MySuper heatmap along with the first Choice heatmap.

7 December

Super regulatory change spooking pre-retirees

The prospect of regulatory changes is impacting peace of mind for many Australians either heading towards or in

7 December

QSuper and Sunsuper to re-brand

The merger has been delayed for a second time until February 2022 but the funds have announced a new name.

7 December

40% of super members expect a comfortable retirement

Younger people are less likely to expect comfort in retirement, according to a survey of over 3,000 superannuation

7 December

Super switching a ‘double-edged sword’

Analysis of investment switching during the COVID-19 pandemic has found poor decisions have been made due to the

Local Government Super’s divestment in climate changing assets has been given top marks by the Asset Owners Disclosure Project.

7 December

Does AustralianSuper properly assess climate risk?

One of the fund’s members has questioned the way it has assessed the climate risk of the $1.4 billion invested in

6 December

SMSF disputes on the rise: Equity Trustees

Self-managed super funds have grown to 1.1 million members and Equity Trustees are reporting a rise in legal

2021-11-15 13:00:00

Knowledge Centre

The Digitization of Alternatives

Learn more about the tech transformation happening in alternative asset servicing and considerations when adopting them into an investment strategy

Northern Trust

3 December

AvSuper seeks merger partner

In the latest sign of consolidation in the superannuation space, AvSuper has issued an expression of interest for

2 December

Super funds behind banks and insurers in crisis preparedness

Superannuation trustees could be subject to new standards by the prudential regulator that aim to strengthen

The Insurance in Superannuation Working Group is expected to release its first discussion paper within the next few months.

2 December

RIC presents challenges in four areas

Trustees will need to focus on understanding membership, design and distribution obligations, member education and

2 December

How super funds should implement AI

Superannuation funds should use artificial intelligence to address individual and current business challenges

2 December

Data key for membership growth

With the Your Future, Your Super signalling the end of default membership flows, the potential of a superannuation

2 December

Super funds are undermining climate commitments: Market Forces

Seven of the biggest superannuation funds with net zero commitments have voted against two or more key climate-

1 December

Club Plus Super completes AustralianSuper merger

Club Plus Super has completed its merger with AustralianSuper to create a $207 billion fund.

1 December

UniSuper and ACS explore merger

UniSuper and Australian Catholic Superannuation have signed a memorandum of understanding to explore a merger and

1 December

Aware Super completes VISSF merger

Aware Super has announced it has completed the fund transfer to finalise its merger with the Victorian Independent

30 November

Mergers and regulation slowing super innovation

Merger and regulatory trends have stretched the resources of super funds to the point that it has stifled

30 November

ASIC asked to monitor Sect 56 communication by QSuper

QSuper will have to communicate clearly with members of Sunsuper, ahead of their merger in February, that they

30 November

Hostplus finalises merger with Intrust Super

The merger of the two industry superannuation funds would create a $69 billion fund as Hostplus also looks to

30 November

Digital literacy is required for super funds to transform

Superannuation funds will need to educate their entire staff to leverage the entire benefits of an imminent

30 November

Super funds lagging behind on digital transformation

Super funds should re-engineer their operations rather than just digitalise manual processes if they want to catch

The Australian Council of Superannuation Investors (ACSI) has call for legislation to require companies to monitor and address slavery risks in their operations and supply chains. ACSI urged the government to introduce laws that required companies to repo

30 November

Super funds need to ‘dig deeper’ on modern slavery

Only 5% of surveyed funds conduct risk assessments of supply chains beyond tier one of assets despite modern

Rice Warner argues the creation of scope for joint super accounts would help create greater clarity around male and female member investment.

30 November

Pendal expands relationship with Northern Trust

After a relationship with Pendal’s US business for the last decade, the relationship has been extended to provide

30 November

CareSuper sets net-zero by 2050 goal

CareSuper says it will provide details on how it will achieve net-zero by 2050 over the coming months.

Sarah Jane Busteed has been charged after dishonestly obtaining a financial advantage by deception in relation to SMSF property investments.

25 November

QSuper members file class action

The class action alleges QSuper failed to notify members of changes to its life insurance premiums which resulted

Many superannuation funds are losing the scale war and will need to master the art of member acquisition and retention to survive, according to Rice Warner. The research house’s latest analysis said leveraging data would be crucial for funds to avoid beco

25 November

Don’t penalise disengaged members: APRA

Members who are disengaged should not be disadvantaged as a result, according to the prudential regulator.

Tasplan Super has this week introduced a new lifecycle option for members to align better with their needs over time.

25 November

Group lump sum still suffering losses

Despite some improvements in risk product profits, group lump sum and group disability income insurance made

25 November

Trustees raise concerns with AFCA funding

Superannuation trustees have raised their concerns about the funding of the Australian Financial Complaints

25 November

ASFA welcomes passage of RIC

The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 has been introduced to

Superannuation funds can and should be allowed to play a greater role in collecting unpaid superannuation guarantee (SG) contributions directly from employers, according to major building and construction industry fund Cbus. Cbus, which found itself in tr

25 November

The worst unpaid super electorates revealed

About three-in-10 workers from the worst 20 unpaid super electorates are being “ripped off”, according to Industry

25 November

Aware Super CEO named FEAL executive of the year

Aware Super chief executive, Deanne Stewart, has been awarded executive of the year by the Fund Executive

23 November

‘Retrograde step’ to charge for building reserves: Hume

Superannuation funds should not be able to charge members for building a trustee financial contingency reserve,

23 November

CareSuper proposes to reserve assets to pay for new fine system

In response to the Government’s ‘Section 56’ amendment which would affect industry super funds, CareSuper has

23 November

Superannuation assets reach $3.4 trillion

Superannuation assets increased to $3.4 trillion, a 17.5% increase for the year ending 30 September, while member

The Superannuation Complaints Tribunal received 1,739 complaints of which 91 per cent were resolved, according to its annual report.

23 November

Superannuation complaints on the decline: AFCA

The complaints authority has received over 5,000 superannuation-related complaints last financial year and was

23 November

APRA’s heatmap is unclear for consumers

Australian superannuation members are unlikely to view and understand the MySuper Heatmap because of its

The gig economy will continue to challenge the effectiveness of the superannuation system, and stakeholders should be continuing having their say on issues raised relating to new policy development, according to the Association of Superannuation Funds of

19 November

APRA seeks feedback on super financial resilience

The prudential regulator is seeking feedback from superannuation trustees on how they maintain financial

19 November

Super funds on track for double digit 2021 returns

With just over six weeks remaining, and with share markets up so far in November, the median growth fund has a

18 November

Five to 10 mega super funds on the horizon

Mid-tier superannuation funds have begun merger discussions but there will likely be added complications as some

18 November

‘Middle ground’ funds will struggle with value proposition

The future superannuation industry landscape will be dominated by the major funds, along with niche players, which

AMP has flagged sharper communications around its roll-out of lifecycle super products.

18 November

Super funds failing to communicate mergers to members

Only one in five members of a merged superannuation fund are aware there has been a change, according to KPMG,

18 November

ASIC releases consult on super calculator/retirement estimate relief

The corporate regulator is seeking feedback on proposed updates to relief and guidance on its superannuation

18 November

Leveraging the custodian’s technology is a no brainer

The sophistication of a custodian’s technology suite is an overarching factor when superannuation funds decide

18 November

AustralianSuper welcomes Portfolio Holdings Disclosure regulations

AustralianSuper has welcomed the Government’s new Portfolio Holdings Disclosure regulations which remove the

18 November

EISS Super revises merger strategy

The superannuation fund has changed a number of the its strategic objectives and associated expenditures and is

Tribunal Ruling

17 November

AMP enters enforceable undertaking with APRA

AMP superannuation trustees are to pay $45 million in remediation relating to final matters referred from the

16 November

APRA places new license conditions on EISS Super

EISS Super will need to implement a strategy to merge with a larger, better performing fund under the regulator’s

16 November

Super funds increasing offshore investments

Multiple public sector superannuation funds are holding more than half of their assets in offshore investments,

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

16 November

No phase out for bring forward rule

There will be no phase out of the bring forward rule for individuals approaching age 75 under the proposed

16 November

Australia becoming less ‘timid’ on renewables

A leader in infrastructure, Australia has struggled to match that leadership in the renewables sector but that is

16 November

Balanced super option rose 0.7% in October

The 2021 calendar year to date has shown robust growth suggesting funds are likely to record another year of

Market Insights

The Digitization of Alternatives

The Digitization of Alternatives

16 November 2021

A Global Shift to an ESG Mindset

A Global Shift to an ESG Mindset

1 September 2021

Financial inclusion: an economic opportunity for all

Financial inclusion: an economic opportunity for all

1 October 2021

An Old Timer

Seems a bit superfluous to penalize the members who will ultimately be paying the fine when the...

Statewide Super given $4m penalty 3 days 10 hours ago

john

So that $4 million penalty will now be paid by the members themselves as in come out of their...

Statewide Super given $4m penalty 3 days 11 hours ago

B Real

So, who pays the penalty? The members? That seems somewhat odd.

Statewide Super given $4m penalty 3 days 12 hours 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 6 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 5 months ago

Axl

That's 'toe the party line'.

We aren’t anyone’s secretariat says AustralianSuper 1 year 6 months ago