Industry super funds rise, while government peers lose ground
Australian super funds have delivered mixed results in the latest global rankings, with industry funds climbing, while government schemes fell sharply.
AUTHOR
Adrian Suljanovic
Strong markets and strategic bets drive Future Fund growth
The Future Fund posted a $27.4 billion increase in value to $252.3 billion, driven by strong equity markets, resilient private market investments, and strategic portfolio shifts to anticipate changing global trading conditions.
Aware Super upgrades adviser portal with new features
The fund has introduced new portal features for advisers, streamlining administration and enabling quicker, more convenient client authorisations online.
AUTHOR
Adrian Suljanovic
APRA funds’ pushback reportedly driving Labor rethink on Division 296 tax
APRA-regulated funds have reportedly raised concerns with the government over Division 296, as news of potential policy tweaks makes headlines.
Super funds can handle tax changes, but meddling risks members’ returns
The CEO of one of Australia’s largest super funds says his outfit has become an expert at rolling with regulatory punches, but warned government interference in investment decisions would be a disaster for members.
Hume introduces bill aimed at tackling gender gap in super
A private member’s bill to allow for the splitting of super balances between spouses was introduced to the Senate on Thursday.
GDP rebound dims RBA easing prospects
With the latest print of GDP figures overshooting economist expectations, analysts have warned that the Reserve Bank of Australia (RBA) could face a difficult policy path ahead.
AUTHOR
Adrian Suljanovic
ASFA calls for super representation in ASIC regulatory crackdown
The peak body has called on the corporate watchdog to add superannuation to its recently announced simplification process that aims to cull red tape in financial services.
AUTHOR
Adrian Suljanovic
APRA presses funds to bolster cyber preparedness
APRA has highlighted cyber security, AI oversight, geopolitical risks, and system stress testing as key concerns for superannuation and banks.
AUTHOR
Adrian Suljanovic
AustralianSuper warns of ‘retirement tsunami’, calls for urgent system reset
AustralianSuper CEO Paul Schroder has warned the superannuation system must be “reset” to deal with a looming wave of retirements, as millions of Australians prepare to leave the workforce over the next decade.
