AvSuper has updated the investment objectives of two options in light of improved expected long-term returns and made changes to its advice provision to members.
Coming to the end of 2023, Super Review looks back on what marked a busy year for the industry, including a number of noteworthy consultations and legislation.
ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six investors’ SMSF accounts.
A consumer advocacy group has been awarded a $5 million grant towards supporting policy development and improving member outcomes in the superannuation sector.
Over half of Australians hope to live to 100 years, according to MetLife, and 90 per cent believe retirement should be redefined to account for a longer lifespan.
Australian Unity has appointed an executive general manager for trustees within its wealth and capital markets platform as it embarks on the next stage of its trustee business strategy.
Prime Super has appointed a new custodian as the fund’s current provider of custodial services NAB Asset Servicing winds down its operations.
Strong share markets have propelled positive superannuation fund performance across all risk categories in November and could mean this year’s annual returns offset 2022 losses, according to Chant West.
One year on from the merger announcement, Mine Super and TWUSUPER have confirmed the name of their merged fund, due to be completed in mid-2024.
FEAL has appointed a director to the board to replace Hostplus’ group executive of member experience Paul Watson who leaves after 17 years.