Melinda Howes, a super industry veteran, will rejoin AMP as a group executive to lead its super and investments business, completing the firm’s group executive team.
There was a 135 per cent rise in complaints to AFCA about delays in complaints handling by superannuation funds in the financial year 2022–23, according to the AFCA annual report.
Helped by the increase in Superannuation Guarantee contributions, Australian Ethical has seen positive inflows of $114 million but suffered $124 million in investment losses.
Insignia Financial chief executive, Renato Mota, has announced he will step down from the company after 20 years in February 2024.
The super fund has appointed Jordan Kraiten as its new head of infrastructure, who oversaw the infrastructure portfolio at Hostplus for more than a decade.
Former Funds SA and Rest executive, Jo Townsend, has weighed in on the impact of never-ending regulation and the outlook for consolidation in super, drawing on her three decades in the industry.
Although the return for the first nine months of the 2023 calendar year sits at 5.2 per cent, all four risk category fund options saw lacklustre September performance, according to Chant West.
Aware Super has partnered with Birdwood Energy to create the nation’s newest distributed renewable energy platform.
The $75 billion fund has told Super Review of a 25 per cent increase in use of its digital advice tools in the last financial year and has further boosted these internal capabilities with the appointment of a new advice technology lead.
Over half of super members intend to leave their superannuation to their loved ones when they die, highlighting the need for an objective of super.