Catholic Super has moved to cut red tap with the introduction of an online membership facility.
Catholic Super chief executive Frank Pegan said that the fund had introduced a six-step ‘Join on Line’ facility designed to make it easier for a new member to consolidate their superannuation at the time of joining the fund.
He said the new facility was accessible on the fund’s web-page www.csf.com.au and had been introduced following a survey of members.
Australians are some of the most hopeful when it comes to retirement preparedness, with super funds’ handling of retirement savings helping play a part.
The market may be too complacent about the risks of more tariffs, UniSuper’s head of fixed interest warned this week, pointing to Donald Trump’s recent steel-related announcement and a seeming breakdown in negotiations with China.
ART has paid just under $20,000 to comply with an infringement notice issued by ASIC over allegedly misleading performance data published on its website.
Superannuation assets have fallen in the March quarter primarily due to negative investment returns amid sharemarket volatility.