The Federal Government has congratulated ING for opening a new superannuation and investments operation centre in Wollongong.
The Minister for Financial Services, Chris Bowen, said the new centre reflected the capacity of the financial services industry to contribute to job creation in Australia.
He said the centre would support an additional 250 jobs over the next three years and would bring the centre’s workforce to 600 in the Illawarra.
Bowen said the ING centre would predominantly focus on operational administration and call centre roles.
The opening of the ING centre in Wollongong follows Pillar Administration’s commitment to the Illawarra region as the home of its call centre and administrative activities.
The Your Future, Your Super scheme and RG 97 may be directing capital away from more productive uses and discouraging active investment strategies, says the independent MP.
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.