Superannuation

Superannuation fund loyalty is on the rise, with members more likely to stay with their fund when they change jobs than previously, although members are reporting that it’s difficult to engage with their funds at a deeper level.

Govt acts to close redundancy pay tax anomaly

Superannuation funds have been asked to consult on new Government legislation aimed at ending the anomaly around the concessional tax treatment of job redundancy pay-outs and the changes to Age Pension eligibility.

Six superannuation consultancies prove stand outs

The best superannuation consultancies have been revealed to be QMV, Rice Warner and Deloitte for tender and other consultancy services, and JANA, Frontier and Willis Towers Watson for consulting on investment decisions.

APRA fee cap options – increase fees or access reserve

The Australian Prudential Regulation Authority has acknowledged the stark choices facing superannuation funds in dealing with the new low-balance fee cap – increasing their fees or accessing the reserve.

Consultants to be rated on super services

With super funds turning to consultants for everything from asset allocation to merger advice, it’s time that the consultants were held accountable for the quality of their service offering.

LATEST NEWS

16 July

Frydenberg rules out super draw-down changes

Despite the Government’s moves on deeming rates, the Federal Treasurer, Josh Frydenberg has ruled out any...

Investment committees and boards tend to take environmental, social, and governance (ESG) issues as a bundle when E, S, and G are not created equally, according to Northern Trust Asset Management. The firm’s senior vice president, head of asset management

16 July

$12 billion FUM milestone proof responsible investing works

Local Government Super has hit $12 billion in funds under management (FUM), after doubling its total FUM in just...

The rules around the provision of scaled advice should not be watered down just because the banks have difficulty in dealing with them, according to a submission by both Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustee

11 July

Appetite for member engagement growing

Superannuation fund loyalty is on the rise, with members more likely to stay with their fund when they change jobs...

Jul 4 2019 - 11:15am

Is it Risk? Is it Regulation? Is it Returns?

The three R’s that have moved Securities Lending and Collateral Management back on the agenda.

BNP Paribas

11 July

Grattan super analysis just plain wrong

The major superannuation industry bodies have united to condemn the latest superannuation analysis from the...

Self-managed superannuation funds (SMSFs) with less than $2 million in assets are unviable as a retirement savings vehicle, Industry Super Australia (ISA) believes. ISA analysis found that SMSFs with less than $2 million were likely to have performed well

11 July

SG increase would cost less than Grattan claims

Rice Warner has hit out at the Grattan Institute’s claim that raising the super guarantee to 12 per cent would...

11 July

Super funds urge Amazon to act on workers’ rights

Vision Super, Statewide Super, and Australian Ethical have joined a US$4.53 trillion investors’ coalition calling...

Jul 16 2019 - 8:45am

Solving the alternative asset investment puzzle

Northern Trust

9 July

Govt acts to close redundancy pay tax anomaly

Superannuation funds have been asked to consult on new Government legislation aimed at ending the anomaly around...

9 July

Industry funds confirmed as RC winners

Industry superannuation funds have been confirmed as the winners from the Royal Commission with new research...

Sunsuper for Life together with AMP's SignatureSuper and SignatureSuper Allocate Pension products have topped the Heron Partnership Quality Star ratings.

4 July

Six superannuation consultancies prove stand outs

The best superannuation consultancies have been revealed to be QMV, Rice Warner and Deloitte for tender and other...

NGS Super and QIEC take unusual step of pursuing merger based on master trust structure.

2 July

Hostplus and Club Super enter merger talks

Hospitality industry funds Hostplus and Club Super have announced merger discussions.

2 July

FY19’s close brings an ordinary year of returns to an end

The superannuation sector met expectations for FY19, delivering returns in the positives but slightly below...

Self-managed superannuation fund (SMSF) trustees should not be given access to an industry-funded compensation fund to bail them out of bad decisions, according to the SMSF Owner’s Alliance. In a submission to the Senate Economics Committee review of Cons

2 July

Making super investment decisions does not represent “activity”

According to the Australian Prudential Regulation Authority just because a superannuation fund member implements...

2 July

Gov signals welcome changes to PYS legislation

The Morrison Government has proposed changes to the Protecting Your Super reforms that would see some of the...

2 July

SuperConcepts says it’s #Time2Enshrine super objective

SuperConcepts has launched a campaign for Parliament to enshrine the objective of the super system, calling for...

Has the ACCC broken Link’s Pillar bid? The Australian Competition and Consumer Commission has identified market dominance and systems risk as key impediments to allowing Link Market Services to bid for Pillar Administration but can it be persuaded otherw

2 July

Sargon acquires Diversa

Financial technology company Sargon has announced it has acquired the Trustee Services business, comprising...

1 July

Suncorp to defend class action over fees

Conflicted fees are once again a hot legal topic, with Suncorp being hit with a class action in the New South...

Heated discussion has emerged around a Victorian Liberal Party Senate candidate who also happens to be a policy adviser within an industry fund.

1 July

Hume reiterates call to end super culture wars

The Assistant Minister for Superannuation, Financial Services and Financial Services Technology, Senator Jane Hume...

1 July

Tasplan finds new potential merger buddy in MTAA Super

Tasplan and MTAA Super have entered merger discussions, announcing the move just hours after the former fund’s...

28 June

Three-way merger talks end without success

Statewide Super, Tasplan and WA Super have ditched plans for a potential merger to create a $24 billion super fund...

27 June

Growth funds to end FY19 with returns well ahead of inflation

With two business days left in FY19, superannuation funds are poised to see a positive return of 7.1 per cent for...

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.

27 June

Super system’s success evident in volume of self-funded retirees

The majority of Australians entering retirement are now officially self-funded, new research has found, in proof...

The latest APRA data has placed the importance of group insurance in context.

27 June

Not working? Check on your insurance inside super, ISA says

Industry Super Australia has warned that super fund members need to ensure they’re not throwing letters from their...

27 June

Class actions against AMP continue piling up

A beleaguered AMP Super is facing another class action, with Slater and Gordon yesterday filing a legal action on...

25 June

Firms reminded on exit fees ahead of PYSP

ASIC is reminding product issuers that as part of their implementation of Protecting Your Super Package, they need...

25 June

Last chance to have your views on consultants heard

This week is the last opportunity for super funds to hold the consultants they turn to for everything from asset...

24 June

Super fund to renew board after involvement from APRA

An industry super fund is seeking an independent chair and two independent directors after ongoing discussions...

21 June

AMP loses Australia Post Super mandate

AMP has lost one of its largest corporate superannuation mandates, that of Australia Post Superannaution, to...

20 June

Retail funds are “on the operating table”

Retail superannuation funds are undergoing surgery, according to some major industry chief executive, and what...

20 June

Default funds again a focus for Fed Gov’t

Making her first official address as Assistant Minister for Superannuation, Senator Jane Hume has today confirmed...

US-based GQG Partners has been awarded its first Australian institutional global equity mandate by legalsuper.

20 June

Super funds need to look offshore to survive

With funds in superannuation set to pass $3 trillion, funds should be preparing to have at least a 50/50 breakdown...

20 June

Link Group extends contract with AustralianSuper

Link Group has announced an extension of its contract with AustralianSuper for another four years, starting 1 July.

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

20 June

Industry funds urge AFCA to identify culprit firms

The Australian Financial Complaints Authority has been urged identify the firms against which complaints are being...

20 June

Remediation could impact tax and super

The Australian Taxation Office has warned compensation payments from superannuation funds in the fallout of the...

18 June

Will APRA’s latest AMP hit impact super outsourcing tenders?

The Australian Prudential Regulation Authority’s decision to impose new licensing conditions on AMP’s...

18 June

May bounce not enough for funds to end FY19 strongly

While May provided stronger domestic returns than much of FY19 for superannuation funds, their global counterparts...

The superannuation industry needs to end its infighting if it is to be taken seriously by Government, according to ASFA chairman, Michael Easson.

14 June

APRA imposes new conditions on AMP’s super businesses

The Australian Prudential Regulation Authority has imposed new conditions on AMP’s superannuation businesses,...

following a competitive selection process.

13 June

Consultants eager for super fund feedback

Several consultants have shown interest in learning how superannuation funds rate them, following Super Review’s...

12 June

Christian Super announces fee changes ahead of 1 July

Christian Super will reduce its fees from the start of the next month, with the fund declaring that the cuts mean...

Superannuation fund member engagement should not end with calculators, Decimal believes.

11 June

ASIC calculator changes a “big win” for super industry

Recent regulatory changes to retirement calculator discounts could make a “significant” difference to consumers,...

11 June

Super Fund of the Year finalists announced

Super Review together with its research partner, the Heron Partnership, have announced the finalists for the 2019...

11 June

ESG expertise sees Robeco richly rewarded

Robeco’s experience in sustainable investing has proven key to Christian Super’s decision to award the asset...

Most superannuation fund trustees and executives believe industrial relations will be removed from the default equation.

6 June

Consultants to be rated on super services

With super funds turning to consultants for everything from asset allocation to merger advice, it’s time that the...

Accountants are aggressively discounting to retain clients, with competition for compliance fees becoming more cutthroat, according to new research within Grant Bloxham's 2016 Bstar Accountants Research Report.

6 June

ASIC amends relief conditions for superannuation and retirement calculators

The Australian Securities and Investments Commission has amended relief conditions for superannuation and...

The lack of robust data is the most influential barrier for institutional investors to further incorporate environmental, social, and governance (ESG) into investment decision making, according to BNP Paribas Securities Services. BNP Paribas Securities Se

5 June

Super funds falling short on ethical options

Super funds aren’t providing adequate high-quality, ethical and sustainable investment options, according to a...

The retirement system in Australia needs to be completely reworked with wholesale changes instead of piece-meal efforts, according to CEDA.

4 June

APRA fee cap options – increase fees or access reserve

The Australian Prudential Regulation Authority has acknowledged the stark choices facing superannuation funds in...

4 June

Don’t judge us on raw complaints data say super funds

Superannuation funds have warned that the complexity of the superannuation system is such that the Australian...

The super system needs to respond better to the unique needs of indigenous people, KPMG believes.

4 June

Trustees need help with ATSI death benefit payments

Some super funds have admitted that awareness levels of indigenous kinship structures in the superannuation...

Industry and retail funds turned in very similar investment performances during a challenging September quarter.

4 June

Grattan stands by call to keep SG at 9.5 per cent

The Grattan Institute has stood by its position that the superannuation guarantee (SG) should remain at 9.5 per...

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

4 June

TelstraSuper offers funding to Big Super Day Out

The First Nations Foundation has secured further resourcing for its Big Super Day Out, with TelstraSuper signing...

3 June

Super fund abolishes admin fees for low balance accounts

Prime Super will abolish administration fees for super accounts with balances under $6,000 from 1 July, after...

Market Insights

Is it Risk? Is it Regulation? Is it Returns?

4 July 2019

Solving the alternative asset investment puzzle

16 July 2019

Industry action ahead of Protecting Your Super changes

18 June 2019

Re-imagining the possibilities in life insurance

16 April 2019

EVENTS

Aug1

Women in Financial Services 2019

Aug15

Future of Wealth Management 2019 - Superannuation

Jeff Humphreys

Are you able to back up your/ASFA etc labeling of the Grattan Institute as a "Conservative...

Grattan super analysis just plain wrong 5 days 13 hours ago

John

Now thats not fair on Jeff Bezos !! That is for the average worker in Amazon to receive $12K per...

Super funds urge Amazon to act on workers’ rights 5 days 15 hours ago

Dennis Taylor

Many Super funds are well aware if the dangers of illiquid assets in supposedly liquid funds from...

Fund suspension prompts questions over illiquid assets 1 week 13 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 1 week 4 days ago

Not so

The suggestion that Link would have 90% of the fund admin market is just plain wrong. The majority...

Pillar sale brings admin competition into focus 3 years 3 months ago

Graeme Officer

I RECENTLY WITHDREW MY FUNDS FROM MY ACCOUNT WITH YOU AND HAVE LOST THE DOCUMENTATION OF THE...

Qld’s LG Super becomes LGIA 2 years 9 months ago