POWERED BY MOMENTUM MEDIA
ARF expands share options
The need for employers to nominate a default fund under the new choice regime has worked to the advantage of a number of major industry superannuation funds.
CARE Super recently announced that it had registered a 72 per cent increase in employers joining the fund between April and August, compared with the same period last year, with the fund’s chief executive, , attributing the upturn to the impact of choice.
Lander released comparative data detailing the impact of choice, which not only revealed the 72 per cent increase in the number of employers joining the fund, but also a 79.5 per cent increase in rollovers received, a 45 per cent increase in members actioning a roll-in, and a 114 per cent increase in visits to the fund’s website.
She said that CARE Super had initiated a number of communication strategies in the lead-up to choice aimed at retaining existing members and attracting new participants, which had focused on professional service firms and companies whose employees were primarily involved in professional, administrative and service roles.
AUTHOR
Mike Taylor
Recommended for you
Super funds are strengthening systems and modelling member benefits ahead of payday super.
The Australian Taxation Office (ATO) has approved real-time payments for superannuation, removing a major hurdle ahead of payday super reforms.
The investment body has raised questions about ART’s Tabcorp shareholding, urging clarity for members on gambling-related super fund investments.
Australian super funds have posted early gains in FY26, driven by strong share market performance and resilient long-term returns.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
