Super fund performance trailing SMSFs, research finds

New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.

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Industry body proposes $2k government payment towards retirement planning

In a Treasury submission on the retirement phase of superannuation, the Financial Advice Association Australia has recommended a $2,000 means-tested payment over the next decade to pre-retirees to help pay for financial advice.

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Vanguard urges ‘personalised’ retirement solutions key to boosting outcomes

In response to the government’s consultation on the retirement phase of superannuation, Vanguard Australia said that more personalised retirement solutions would help improve retirement outcomes and close the advice gap.

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Challenger sees 190% growth in lifetime annuity sales following Aware Super deal

Challenger reported growth of 190 per cent in lifetime annuity sales, having realised an “extraordinary” opportunity in retirement.

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‘Make super fairer’, industry bodies urge government

In their pre-budget submissions, the Super Members Council and Association of Superannuation Funds of Australia have proposed reform to bring equity issues in superannuation to the forefront.

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AustralianSuper proposes single super ‘account for life’

In a Treasury submission, the $316 billion fund has recommended funds be able to combine members’ accumulation and retirement accounts towards a more streamlined system.

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IFPA cracks down on ‘broad-brush’ super objective

The professional body has opposed legislating an objective of superannuation in its latest submission to the Senate Economics Legislation Committee.

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Brighter Super ramps up commercial focus with new team

The $31 billion fund has welcomed new heads of retirement, marketing, customer experience and product within its newly created commercial division.

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Rest dips into agriculture with latest impact investment

The $75 billion fund has gained exposure to sustainable food production in its first alternatives impact investment.

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How should funds calculate advice fees?

With the government moving to clarify the way that superannuation funds can charge members for advice, the question now is how the funds should calculate the fees.

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Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 6 months ago
Kevin Gorman

Super director remuneration ...

1 year 7 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 7 months ago

Introducing reforms for strengthening simpler and faster claims handling and better servicing for First Nations members are critical priorities, according to the Super Me...

13 hours ago

The peak body stressed that the proposed financial advice reforms should “pass as soon as possible” and has thrown its weight behind super funds providing a greater level...

13 hours ago

The Commonwealth Bank has warned that uncapped superannuation concessions may be “unsustainable” and has called for the introduction of a superannuation cap....

14 hours ago