Zurich Financial Services has announced that it is selling its corporate superannuation business, i.super.
In a statement issued today, Zurich said the decision to sell followed a review of operations, which had concluded that the administration of corporate superannuation no longer fitted with its core business model.
It said discussions were underway with interested, suitably qualified parties.
The Super Members Council (SMC) has called for streamlined super reporting to cut costs, boost investment flows, and strengthen retirement outcomes.
AustralianSuper’s reliance on unlisted assets dragged on performance over the past year, as the rally in listed markets left funds more heavily weighted to equities outperforming their peers.
IFM Investors has urged for government-industry collaboration to accelerate projects, unlock capital, and deliver long-term returns for Australians.
With super funds turning increasingly to private credit to lift returns, experts have cautioned that the high-yield asset class carries hidden risks that are often misunderstood.