Superannuation

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.

Super funds need to review liquidity budgets

If the Government continues to use the early release of superannuation as a tool likely to be used in extreme situations, super funds need to consider their liquidity requirements going forward, according to Hesta.

25 August

Superannuation

MySuper assets down 3.3%

The total MySuper assets stood at $731.3 billion in June 2020, 3.3% down from the previous year due to the early

25 August

Superannuation

SG increase needs to go ahead: ASFA

The superannuation guarantee increase should continue as legislated as super members who applied for the early

25 August

Superannuation

Govt should repay early access super with one-off contribution

Industry superannuation funds are calling on the Government to help low income earners recoup their losses from

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

The AIST has joined other super advocacy groups in welcoming the Government’s move to enshrine super in legislation, saying it would prevent ad-hoc changes to super policies.

25 August

Superannuation

ASFA welcomes APRA super numbers

The Association of Superannuation Funds of Australia has welcomed the Australia Prudential Regulation Authority’s

The Federal Budget appeared to clear the way for the development of more retirement incomes products but, as Mike Taylor writes, post-retirement represents a work in progress for most superannuation funds.

25 August

Superannuation

Delay better than abandoning the next SG increase

Leading actuarial research house, Rice Warner, has called for delaying the next superannuation guarantee rise

25 August

Superannuation

Reduced pension minimum could disadvantage retirees

Retirees who took more than the reduced minimum amount as a pension before the change became law can only treat

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

Life insurer TAL has appointed Glenn Baird to the newly created role of head of mental health. The appointment aims to expand TAL’s ability to understand, manage and support mental, physical, and financial health of its people and its customers. TAL gen

25 August

Superannuation

SuperFriend launches mental health learning platform

The platform includes mental health learning modules, a mental health action plan, and a program aimed to protect

The Minister for Revenue and Financial Services, Kelly O’Dwyer established an inter-departmental working group on non-payment of the super guarantee without telling a Senate committee.

20 August

Superannuation

Super needed to help navigate out of economic crisis

There are a range of self-interest groups “obsessed with dismantling superannuation on ideological grounds” that

The Government’s proposal to reduce the penalty for late SG payments has been welcomed by accountants who say will help small businesses.

20 August

Superannuation

IEUA welcomes NGS/ACS merger

The Independent Education Union of Australia believes the merger will deliver economies of scale and will improve

As part of its $30 million Social Impact Investment Trust, HESTA has invested in Horizon Housing to help low income earners achieve home ownership in Queensland.

19 August

Superannuation

Early release to address housing issue will increase prices by $50k

The proposal for the early release of superannuation to address housing affordability by the Master Builders does

18 August

Superannuation

AFCA blames Govt policy, not funds on insurance inside super increases

The Government’s changes to insurance inside superannuation have been responsible for driving premium increases,

18 August

Superannuation

Data points to fall-out from early release and no SG rise

New analysis has pointed to significant problems arising from a combination of the Government junking its

18 August

Superannuation

Median growth super funds off to a positive start

The median growth fund was up 1% to start off the new financial year as US technology firms reported strong

18 August

Superannuation

Every single super dollar counts to avoid Age Pension

It is now even more critical for the superannuation guarantee to lift to 12% as COVID-19 has left many young

Three-in-five Australians are worried they did not have enough money in retirement, a Mortgage Choice’s study has revealed.

18 August

Superannuation

$1.6b taken out of South Australian super

Almost 30,000 South Australians have taken out their entire superannuation savings through the early access to

18 August

Superannuation

One-in-five Tasmanians used early super access scheme

Ditching the superannuation guarantee scheme would be “saddling the next generation with a whopping pension bill

18 August

Superannuation

NGS and Australian Catholic Super to merge

Non-Government Schools Super and Australian Catholic Super have initiated a merger process that would see the

13 August

Superannuation

Super outflows still dog AMP

AMP is rebuilding its superannuation business but continues to be dogged by outflows.

Investor confidence fell globally as aggressive easing by the European central bank was not enough to boost sentiment, according to State Street.

13 August

Superannuation

The multi-million hit to industry super fund fees

Membership fees are the lifeblood of industry superannuation funds and new analysis has revealed they appear to

13 August

Superannuation

Fourth month of positive super returns

While the median balanced superannuation option returned 0.9% in July, funds are still down 1.2% over the 12

12 August

Superannuation

Vigilance needed on suspicious super activity

Superannuation members need to regularly check their balance given the scams and fraud activity surrounding the

11 August

Superannuation

Early release uptake slows

Over the week to 2 August, 103,000 early release applications were received compared to 140,000 the week before,

11 August

Superannuation

ASIC details early release and other COVID-19 rorts

Government agencies, including the Australian Federal Police, have been alerting to the Australian Securities and

10 August

Superannuation

APRA to resume license issuance

The regulatory body will restart licensing activity for banks, insurers, and super funds with the first phase to

7 August

Superannuation

McMurtrie to depart Link

Long-serving Link managing director, John McMurtrie is retiring and will depart the business next year.

7 August

Superannuation

Super funds charged extra premiums after default ‘smoker’ classification

Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive

6 August

Superannuation

Govt warned of multi-billion dollar super impacts of extending early release

A more than $1 trillion impact on superannuation assets is being forecast over the next 10 years as industry

6 August

Superannuation

Merged funds need CGT relief

Without appropriate capital gains tax relief, trustees of merged superannuation funds are being left to maintain

Overall investor experience with objective-based funds to date have been worse than reported total returns, according to Morningstar.

6 August

Superannuation

APRA indeterminant on who pays for early release fraud

Superannuation funds may not necessarily be held responsible for making good the losses caused by fraud around the

6 August

Superannuation

SG amnesty deadline approaches

As the deadline for the superannuation guarantee amnesty approaches, the ATO will begin sending out notices to

4 August

Superannuation

Retail funds dominate top balanced spots in 2020

Only one balanced industry super fund has managed to make a return during the first half of this year, according

4 August

Superannuation

Early release double-dippers taking more

People accessing early release superannuation for a second time are on average taking more the second time around.

Retirees near thresholds with simple investments could be living off less than the full Age Pension as a result of pension cuts, according to ISA.

4 August

Superannuation

Half of Aussies scared about retirement

The COVID-19 pandemic has left 45% of Australians not financially confident about retiring, with 23% saying they

30 July

Superannuation

How super early access has staunched the SG rivers of gold

Data analysis around the Government’s hardship early release superannuation regime has revealed that the ‘rivers

30 July

Superannuation

AMP reserves right to make political contributions

AMP Limited has declared it would not use AMP superannuation fund monies for political purposes but has reserved

28 July

Superannuation

FSC backs SMSFs on unitised infrastructure investment vehicles

The Financial Services Council has lent its weight to the SMSF Association’s push to clear the way for self-

28 July

Superannuation

Voluntary transfers to ATO welcomed

The ability for trustees to transfer amounts to the tax office when in a member’s best interest will improve

27 July

Superannuation

1 million repeat early access to super applications

The total number of repeat applications for the Government’s super access hardship scheme has reached one million

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.

23 July

Superannuation

RSE reminded on key obligations

APRA has sent out a letter to registrable superannuation entities, reminding them of their obligations to complete

23 July

Superannuation

Support urged for domestic violence victims denied super

Victims of domestic abuse remain disadvantaged as a scheme to prevent perpetrators from hiding super assets in

23 July

Superannuation

Early super access extended to 31 December

The Government has extended its hardship early access superannuation scheme to 31 December.

Northern Trust has made three senior hires in its Sydney and Melbourne offices as a response to business expansion and enhanced local product capabilities. Tania Tuxford and David McWilliams have been hired as business development managers and Simon McDon

23 July

Superannuation

Financial services jobs see boost

Despite much of the job market struggling due to the COVID-19 pandemic, financial and insurance services have seen

Vamos full-circle from ASFA? Rollover suspects that the 2016 ASFA conference represented the absolute final curtain-call for the organisation’s former chief executive, Pauline Vamos. Vamos was front and centre at the conference largely because she had p

22 July

Superannuation

ASFA postpones conference to February 2021

The Association of Superannuation Funds of Australia has moved its conference to next year due to the increase in

21 July

Superannuation

Second round early release hitting some funds more than others

Ten major superannuation funds continue to do the majority of the heavy lifting on hardship early release

SMSFs were more likely to trade during periods of market volatility than non-SMSFs but were taking a more conservative stance, according to CommSec.

21 July

Superannuation

Volatility protection could reduce super drawdowns

Almost 60% of Australians would prefer lower volatility over higher returns for their retirement savings,

21 July

Superannuation

Tax Act amendment could affect super proceeds trusts

Assets unrelated to the property of a deceased estate injected to a trust will be caught by the new provision,

21 July

Superannuation

Growth funds end FY with 0.5% loss

Despite losing 0.5% for the financial year, growth funds have had an “excellent year” as international shares were

20 July

Superannuation

More than 500,000 early release applications in just a week

New Australian Prudential Regulation Authority data has revealed that more than half a million people sought early

16 July

Superannuation

Super industry should be open to home-ownership debate: Bragg

People who are doing it tough should be allowed to access superannuation for a first home deposit and the

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

16 July

Superannuation

More not-for-profit fund PRI signatories than retail funds

Only 58% of the largest retail superannuation funds are Principles of Responsible Investment signatories, compared

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

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 1 week 3 days ago

Sue

So, not as bad as the doomsayers were leading us to believe. Any chance of a public apology from...

Australian pension assets grow despite pandemic 1 week 5 days ago

Guy

So true - our people are our greatest asset. Just as our investors and members are. We need to...

Fund mergers highlight focus on people 3 weeks 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 1 year 7 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 3 days ago

Axl

That's 'toe the party line'.

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