POWERED BY MOMENTUM MEDIA
ISA urges consumers to get super into shape
With duplicate account fees and insurance premiums eroding superannuation savings, consumers should consider getting their superannuation into shape now, according to Industry Super Australia (ISA).
ISA noted that figures released by the Productivity Commission saw duplicate account fees and insurance premiums cost superannuation savings over $2 billion, and the Australian Taxation Office (ATO) recorded $17.5 billion in lost superannuation.
ISA chief executive, Bernie Dean, said consumers should take early action to set their superannuation up for the future.
“Consumers may consider consolidating multiple accounts; claiming lost superannuation; and choosing a fund that has out-performed over the long term,” said Dean.
“They should also check they’re being paid the correct amount, as almost three million workers were short-changed their super in 2016.”
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
