Super Review takes a look at four key superannuation fund mergers expected to finalise this year, including two mergers with Australian Retirement Trust.
Members seeking to recover unpaid super from their employer now have an enforceable right after super was added to the National Employment Standards.
Changes under the Quality of Advice Review mean 2024 will be a “pivotal year” for improving superannuation technology as funds look to provide digital advice to members, according to Iress’ chief executive of superannuation Paul Giles.
Senator Andrew Bragg has put forward reforms to protect Australia’s retail investors from the growing influence of superannuation funds, such as limiting their ownership in public companies.
The complaints authority has reported a 20 per cent rise in complaints about claim delays across financial products last year, including insurance in super, as politicians call on super funds to improve their practice.
The $75 billion fund has recorded a strong return of 9.5 per cent for its flagship Core Strategy investment option during 2023 although it notes considerable risks to markets in the year ahead.
The acting chief executive of Active Super, Donna Heffernan, has detailed the progress being made in the fund’s merger with Vision Super.
SuperRatings has revealed the estimated annual performance of balanced superannuation funds for 2023, welcoming the “strong return to form” after losses in the previous year.
Super Review would like to wish all our readers a Happy New Year and looks forward to bringing you all the latest news in 2024.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.