AMP’s Oliver forecasts 2023 super returns

AMP’s chief economist Shane Oliver has shared his forecast for superannuation fund returns in 2023, although he warns there is still a recession risk for next year.

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Super funds embrace QAR’s expanded financial advice framework

Australian superannuation funds have welcomed the Delivering Better Financial Outcomes reforms as a “big win” to provide expanded advice services, including the ability to ‘nudge’ their members.

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Super performance sees recovery ahead of Christmas

Superannuation funds have bounced back after three months of losses, with November seeing strong returns into the holiday period.

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NGS Super rapped by APRA over cyber deficiencies

APRA has imposed additional licence restrictions on NGS Super, which suffered a cyber attack in March this year.

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Superhero Super makes senior hires as it updates investment range

Superhero has announced three senior hires as it updates its superannuation offering with a wider investment range and member features.

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Bravura appoints APAC and EMEA CEOs

Financial software firm Bravura has appointed two chief executives for the Asia-Pacific and EMEA regions.

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New industry body backs payday super mandate

The Super Members Council of Australia, the newly merged AIST and ISA body, has voiced its support for payday superannuation following the government’s consultation.

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The balancing act of cutting fees and meeting regulation

Super funds feel under “enormous pressure” from the regulator to simultaneously cut member fees and meet new regulatory requirements with 48 different pieces of regulation seen in the past quarter.

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Jones approves member ‘nudges’ and outlines advice charging model

Minister for financial services, Stephen Jones, has unveiled details about what areas superannuation funds can charge members for advice as well as confirmed they can ‘nudge’ their members to take action.

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Industry reacts to Government's YFYS performance test concerns

Treasurer Jim Chalmers has announced the government will soon consult to improve the superannuation performance test amid claims that it disincentivises sustainable investment from funds.

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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...

1 hour 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...

1 hour ago

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

1 hour ago